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I do not approve or disapprove; they are in the best position to make that decision.
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It is EWS policy however that someone from Amita/Lara's group be the master user to montor activity and control what access agreements we accept.
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Thanks, Andy
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Lara, You need to be the master user for the platform.
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It is EWS policy.
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Go ahead and get set up and coordinate document acceptance with Justin.
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Guys, Let's get together today to dicuss demo.
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I would like to demo full capability, including option manager.
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I think it is very important to also set up an interest rate product, perhaps a swap that is quoted in rate only.
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No need to convert to dollar ox just yet.
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Given that the guy who is building their commercial paper platform will be there and seems to be one of the main judges of the merit of EOL I think it behooves us to slant presentation that way.
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I'm good from 11:00 to 1:00 Andy
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thanks.
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damned things never work.
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millionth trade: eric graff @ Coral, TCO pool day gas, someone on scott neal's desk.
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OpenLink is one of the leaders in risk management systems.
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We used at Coral, and it was then called Abacus.
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It is strongest in front office risk management.
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I would view their competition as KioDex.
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The deal with Duke has been around for awhile.
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Frank, Thank you for bringing your team down to Houston to demonstrate the new version of the system.
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We appreciate the effort that HoustonStreet has made to upgrade its system, however in our view insufficient progress has been made to change our decision to terminate the Posting Agreement.
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Once again, thank you the effort your team put in and let's stay touch.
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Andy Zipper
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Mike, That's fine, but no LOI is to be agreed without EnronOnline's concurrence.
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If you want to do something without us, go right ahead but if we are to be involved then we need to approve and be involved in the deal from the get go.
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Bob Shults is contacting Joe in NY as we speak.
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Thanks, Andy Zipper
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We will do on Monday morning, but I don't think we need Jay involved.
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Kal will be finishing mine shortly.
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Please be prepared to do the 3 hole punch thing 20 times.
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Thanks.
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Okay, fair enough.
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He would be perfect for the role, but I understand what you are trying to accomplish.
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what about London ?
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It's fine with me.
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CAN YOU SEND David Lebow in IR a copy of the above report on electronic commmodity trading.
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thanks.
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Let me if you receive this email.
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good !
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I'll attend briefly, but you can run it.
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We will only be able to get Kiodex the customers EOL trades as per the agreement.
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If the customer so desire they can ask us to send their non-EOl trades to Kiodex for processing, but that is outside the Kiodex/ENW agreement.
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same plan
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cool go for it.
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close enough for 5 9's, no ?
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no interest.
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I know Steve Murray quite well.
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Add Barrick Gold to your list.
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They like Enron, and Bruce Garner has had extensive discussions with them.
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what would be the product the Sabre would list ?
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I like the name but can't see the business idea; help me out.
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where are we at with them ?
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Please work with the group so that I am no longer inundated with erequests for additional mailbox space.
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how does this relate to what we are working on with them ?
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When will we have a draft available fo distribution to Accenture ?
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Unfortunately I will not be attending, but I would like to participate via videocon.
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This is my simplistic first take:
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Bloomberg has come back to the table with us and are being good boys so far.
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So I don't have a problem issuing them a EnronOnline journalist ID to view your prices.
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Thanks for the cooperation.
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Andy
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1).
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Hickerson does not have any products up yet.
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I need to find out from Bridges where we are with Cargill.
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He has been in meetings all morning, I will revert when I know.
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2).
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To be honest I think we are nowhere with Dow, but I have left that to Berberian.
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I haven't heard a peep from anyone on this.
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I will find out.
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3).
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I think it is 50/50 on GM.
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They clearly are interested, but are not very clear on what they are trying to accomplish.
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They do want to make markets.
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I think our best bet is an EOL product hosting deal, but their internal process will be excruciating.
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Next step is they will meet with alan Engberg to discuss listing 7 to 8 petchems on EOL.
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4).
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I have not been moving forward on service level contract because I do not think it really adds any value at the present time.
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5).
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I do think we should seriously consider the case for charging an access fee to EOL.
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This should not be viewed as a commission.
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6).
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I spoke with Vin Viola of NYMEX and he is interested in pursuing this idea of clearer as credit sleeve for locals.
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He is tough to pin down and negotiate with but we will run this down by end of next week.
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7).
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Re:kiodex, it is coming slowly as we have a lot of things on the development/testing schedule right now.
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8).
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As you know we are in receipt of the ICE API.
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We have not been able to do much work on it given 7).
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I did confirm that Dow is now an asset deal with no interest by Dow in ENW products.
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I think we should look at what everyone else charges per commodity (i.e. ICE) and think about tsomething that is at least 50% of that.
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and it shuold be labelled an access or system maintenance fee.
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A bit of good news: NGPL has confirmed that they would like to do a 2yr product hosting deal on EnronOnline.
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$150K initial startup plus $100K per year and $25 per transaction.
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So total value not including per transaction is $350K.
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I think they get 5 products, but Forster knows the details.
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It's a start and the crew here is pretty pumped.
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I'm trying to get a lieutenant of Viol'a to work with but it is hard.
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Patience.
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Let's meet on Monday to talk about what we were going to do on Friday.
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