---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 04/30/2001 07:45 AM ---------------------------
   

	  From:  Larry Joe Hunter                           04/27/2001 05:10 PM	
		


To:	Jeffrey C Gossett/HOU/ECT@ECT
cc:	Julie Brewer/NA/Enron@Enron 
Subject:	Termination of EnronOnline Trades

Jeff,

Can you pass on the message below to all of risk.  For EnronOnline, no trades should be "reversed" in TAGG.  Simply kill the deal and we'll take care of the documentation.

thanks,
Joe Hunter

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 04/27/2001 05:08 PM ---------------------------
From:	Tana Jones on 04/27/2001 04:38 PM
To:	Kim S Theriot/HOU/ECT@ECT
cc:	Mark Greenberg/NA/Enron@ENRON, Mark Taylor/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Marcus Nettelton/NA/Enron@ENRON, Elizabeth Sager/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT 
Subject:	Termination of EnronOnline Trades

Per my discussion with Mark Taylor and our conversation today, attached is the form of Termination Agreement that should be used when terminating EnronOnline mistake or "oops" trades.  The trades should continue to be initially run past the Legal Department to determine whether there are any unusual circumstances surrounding the trades, but absent unusual circumstances, Legal will then pass the trades on to the Confirmation Desk for preparation of the Termination Letter and further handling.  These same procedure should apply to physical as well as financial transactions.

Since this is a contract, the agreement will require the initials of a lawyer and signature of a VP or above for the relevant company.  The Termination Letter should be brought to the appropriate Legal Group for signature.

The current policy with respect to mistake trades is that the trade should be terminated.  Reverse trades should not be entered into.

If you have any questions, please call.