Kirk,

I would modify this document slightly.  The first section is titled "Introduction to Risk Management" and the second section is "Hedging Instruments/Risk Management Products".  However, many of the bullet points in the first section are describing hedging instruments that belong in second section.  I would limit the introduction to types of risk, identifying risk, and examples when risks are not hedged.  Then the second section should contain all the details of hedging tools.  Definitions of derivatives and how they can be used to manage the risk in the first section would be in this section.  The third section would include the roles and accounting basics.  You might want to include the commodity 101 info here, at least gas and power.

Phillip

 -----Original Message-----
From: 	McDaniel, Kirk  
Sent:	Tuesday, September 25, 2001 4:10 PM
To:	Allen, Phillip K.; Arnold, John; O'rourke, Tim; Frolov, Yevgeny
Subject:	Final Internal Review for Sign Off: Topics and Related Objectives

Gentlemen
Please take  a look at the attached document. Provide me with your final input, if any, in so that I can give Accenture Sign off acceptance. This document includes input Accenture received or derived from yesterday's Design Scope meeting.

I request everyone's input by COB, Thursday 9/27 in so that if changes are needed we can still get final sign off by COB Friday 9/28 or Monday 10/1. Thanks

Cheers
Kirk

 - Topics and Related Objectives.doc << File: Topics and Related Objectives.doc >>