Amr --

I'd like this as well.

Jim

 -----Original Message-----
From: 	Shapiro, Richard  
Sent:	Friday, August 24, 2001 8:12 AM
To:	Ibrahim, Amr
Cc:	Steffes, James D.; Levy, Alberto; Canovas, Guillermo; Gottfredson, Bryan
Subject:	RE: New Risk Management Policy- Two

Sounds very good.

 -----Original Message-----
From: 	Ibrahim, Amr  
Sent:	Friday, August 24, 2001 8:07 AM
To:	Shapiro, Richard
Cc:	Steffes, James D.; Levy, Alberto; Canovas, Guillermo; Gottfredson, Bryan
Subject:	FW: New Risk Management Policy- Two


Rick:

I would like to suggest that "Risk Analytics" to provide you with an assessment of the "New Risk Management Policy" by the end of the coming week (August 31st). 

I hope that this is fine with you.

Brgrds

AI


 -----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON <mailto:Announcements/Corp/Enron@ENRON> [mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com] <mailto:[mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]>  On Behalf Of Rick Buy- Enron Corp. Chief Risk Officer@ENRON <mailto:Officer@ENRON>
Sent:	Friday, August 24, 2001 1:09 AM
To:	All Enron Worldwide@ENRON <mailto:Worldwide@ENRON>
Subject:	New Risk Management Policy


Enron Corp. and its subsidiaries (the "Company") are exposed to market, credit, operational and liquidity/funding risks in the normal course of its business activities.  The Enron Corp. Board of Directors approved a new Risk Management Policy (the "Policy") on August 14, 2001.  This Policy establishes a framework under which the Company's exposure to risks shall be evaluated, managed and controlled, and pursuant to which capital will be allocated and preserved.  The Policy focuses on four major types of risk: (a) market risk; (b) credit risk; (c) operational risk and (d) liquidity/funding risk.  These risks shall be managed on a portfolio basis for standard transactions via various market risk limit structures and credit approval processes, and for non-standard transactions via the Transaction Approval Process and the Guarantee Approval Process.   This Policy provides an overview of various risk measurement tools and limits to be applied to these risks, and the roles and responsibilities for the key participants of the risk management framework.  

Management and employees are responsible for complying with the risk management policies and procedures addressed in this Policy, available at <http://home.enron.com/resources>.  Following an initial transiton period, various individuals within the key functions participating in the Company's risk management framework will be required to sign a Compliance Certificate, an example of which is attached to the Policy as Appendix H.

If you have any questions, please contact Cassandra Schultz, cassandra.schultz@enron.com <mailto:cassandra.schultz@enron.com>, 713-853-0429 who will put you in touch with the appropriate Risk Assessment & Control representative.  Note: this is a confidential policy, not for distribution to anyone outside of the Company without specific authorization from the Chief Risk Officer.