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zipper-a/sent_items/107.
RE: Additional Prospects , what would be the product the Sabre would list ? I like the name but can't see the business idea; help me out.
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zipper-a/sent_items/108.
Cargill , where are we at with them ?
516,391
zipper-a/sent_items/109.
mailbox requests , Please work with the group so that I am no longer inundated with erequests for additional mailbox space.
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zipper-a/sent_items/11.
RE: ICE , andy zipper john lavorato dutch quigley larry may mike maggi
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zipper-a/sent_items/110.
RE: GM - Very Promising Beginning , how does this relate to what we are working on with them ?
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zipper-a/sent_items/111.
RE: Licensing Agreement , When will we have a draft available fo distribution to Accenture ?
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zipper-a/sent_items/112.
RE: PRC Meeting , Unfortunately I will not be attending, but I would like to participate via videocon.
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zipper-a/sent_items/113.
sucessor platform and field of use , This is my simplistic first take:
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RE: Bloomberg , Bloomberg has come back to the table with us and are being good boys so far. So I don't have a problem issuing them a EnronOnline journalist ID to view your prices. Thanks for the cooperation. Andy
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re:stuff , 1). Hickerson does not have any products up yet. I need to find out from Bridges where we are with Cargill. He has been in meetings all morning, I will revert when I know. 2). To be honest I think we are nowhere with Dow, but I have left that to Berberian. I haven't heard a peep from anyone on this. I will find out. 3). I think it is 50/50 on GM. They clearly are interested, but are not very clear on what they are trying to accomplish. They do want to make markets. I think our best bet is an EOL product hosting deal, but their internal process will be excruciating. Next step is they will meet with alan Engberg to discuss listing 7 to 8 petchems on EOL. 4). I have not been moving forward on service level contract because I do not think it really adds any value at the present time. 5). I do think we should seriously consider the case for charging an access fee to EOL. This should not be viewed as a commission. 6). I spoke with Vin Viola of NYMEX and he is interested in pursuing this idea of clearer as credit sleeve for locals. He is tough to pin down and negotiate with but we will run this down by end of next week. 7). Re:kiodex, it is coming slowly as we have a lot of things on the development/testing schedule right now. 8). As you know we are in receipt of the ICE API. We have not been able to do much work on it given 7).
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RE: re:stuff , I did confirm that Dow is now an asset deal with no interest by Dow in ENW products. 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. and it shuold be labelled an access or system maintenance fee. A bit of good news: NGPL has confirmed that they would like to do a 2yr product hosting deal on EnronOnline. $150K initial startup plus $100K per year and $25 per transaction. So total value not including per transaction is $350K. I think they get 5 products, but Forster knows the details. It's a start and the crew here is pretty pumped. I'm trying to get a lieutenant of Viol'a to work with but it is hard. Patience. Let's meet on Monday to talk about what we were going to do on Friday. I am in the office picking up some Stro's tix. It sure is quiet for a Saturday...creepy.
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NGPL , Congratulations ! Now let's focus on closing the deal and getting someone else signed up. Well done all. AZ
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RE: , huh ?
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RE: completed mission sheet ??? , 700 NM, 4 hrs total
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zipper-a/sent_items/12.
RE: Commodity Fundamentals Website , Earthsat requires a password for enron, what is it ?
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zipper-a/sent_items/121.
RE: , Let's you and I get together for lunch today, and do the same with Brad tomorrow.
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zipper-a/sent_items/122.
Accepted: PRC Pre-Ranking Meeting EOL RM SE5005 , I will be participating by videocon.
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zipper-a/sent_items/123.
FW: Conagra is our newest beta customer! , -----Original Message----- From: Raj Mahajan <[email protected]>@ENRON [mailto:IMCEANOTES-Raj+20Mahajan+20+3Craj+2Emahajan+40kiodex+2Ecom+3E+40ENRON@ENRON.com] Sent: Saturday, June 02, 2001 10:17 PM To: KIODEX Staff Cc: KIODEX Board of Directors; '[email protected]'; 'Hahn, Eugene' Subject: Conagra is our newest beta customer! Last week, our sales team signed Conagra Foods, a Fortune 100 company, to a beta license for the Risk Workbench. Based in Omaha, ConAgra is North America's largest foodservice supplier and the nation's second largest name in retail foods (www.conagra.com). In 2000, Conagra had revenues of over $25 billion, making it 68th on the Fortune 1000 list. Many of their consumer brands are household names: Hunt's tomato products, Healthy Choice, Louis Kemp, Libby's, Wesson, Country Pride, Blue Bonnet, Parkay, Reddi-wip, Marie Callender's, Butterball, Chef Boyardee, Orville Redenbacher's, Peter Pan, and Swiss Miss. They currently have a large risk management and trading operation in Omaha that hedges their exposure to energy and agricultural prices while engaging in some speculative trading. Kiodex will work directly with the principals in this division as well as senior management as they adopt the Risk Workbench for the purpose of conducting this mission critical function. Conagra represents a tremendous opportunity for Kiodex to enroll a Fortune 100 company in becoming a high-profile reference account for us as we launch on August 23rd. Our focus, beginning on July 9th, will be on converting this trophy client into a full paying customer (they are paying to participate in the beta program) of the Risk Workbench. I ask all of you to help us realize this opportunity. I would like to especially acknowledge Russ Chalom in our sales department for his work on this account. For the past 2 months, he has been aggressively courting Conagra, performing demonstrations for senior management, including the CEO. His lucid delivery and cogent explanation of the Risk Workbench value proposition created this opportunity for all of us. Well done, Russ! Regards, Raj Raj Mahajan President Kiodex, Inc. +1 877 6 KIODEX +1 646 437 3871 direct +1 646 437 3832 fax www.kiodex.com
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FW: Banks update , This is where we are with banks for fx product hosting on EOL. -----Original Message----- From: Forster, David Sent: Monday, June 04, 2001 8:55 AM To: Hickerson, Gary; Zipper, Andy Subject: Banks update Update on current discussions with banks re: explicit FX product on EnronOnline: TD Bank: Initial Meeting held. They are "Highly Interested" and wish to proceed with further discussions. Bank of Nova Scotia: Initial Meeting held: They are also interested in proceeding with further discussions. CIBC: Initial Meeting held. They are going to come back to us in a couple of weeks. Royal Bank of Canada: Initial Meetings held. Interested and wish to "accelerate the process" Goldman Sachs: They are in the process of gathering internal concensus. JP Morgan/Chase: They are interested in proceeding with further discussions. Dave
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RE: Dynegy-ICE VOL Jun1 , please put greg piper, phillipe bibi, and greg whalley on distribtuion list. Thanks
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FW: Dynegy-ICE VOL Jun1 , I have had you added to distribution list. -----Original Message----- From: Johnson, Adam Sent: Monday, June 04, 2001 9:01 AM To: Bridges, Michael; Denny, Jennifer; Hillis, Kimberly; Kitchen, Louise; McDonald, Dawn; Moorer, Torrey; Rosado, Jennifer; Schoppe, Tammie; Shults, Bob; Sweitzer, Tara; Zipper, Andy Subject: Dynegy-ICE VOL Jun1 There are 2 sheets in the following attachment that contain Enron transactional data for the Intercontinental Exchange (ICE) and Dynegy Direct, labeled as follows: "Enron Activity - Dynegy Direct" "Enron Activity - ICE" Note: Total activity for Dynegy Direct is not available, therefore Enron's Percentage can not be calculated. Let me know if you have any questions or comments. Adam Johnson EnronOnline 713-345-4877 <Embedded Picture (Metafile)>
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RE: Request for Interview , Sounds kind of vague to me. I think we should stick to known publications who we think add value.
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RE: Kiodex Agreement , done.
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RE: Commodity Fundamentals Website , I can get in but I have no access to gas messageboard. Can you please fix. Thanks
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RE: Counter Proposal , have we heard back ?
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RE: Lord Vader, , Jorg, Sorry for the delay in getting back to you, but you know how things are. I have tried to get someone in the NPC to talk to me but to no avail. I will keep trying but don't hold out much chance... A big Mazel Tov on the engagement ! Married life is the way to go. I heard about Sonny. Oh well...i didn't really know him that well so i can't say if that was a loss or not. I heard Alex is now with Allegheny Power, although I assume that is in NYC not Hagerstown, MD. Take care and give me a call...(713) 853 6994 AZ
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RE: , Ras, This looks fine. Please distribute to Accenture. Thanks, AZ
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zipper-a/sent_items/134.
RE: Non-Exempt Scorecard , would you like me to fill it out and return it to you ?
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RE: MS150 pledges , sorry for the delay I will have my check tomorrow.
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FW: MS150 pledges , -----Original Message----- From: Sera, Sherri Sent: Tuesday, May 29, 2001 3:04 PM To: Kean, Steven; Knox, Bill; Moring, Zach; Elliott, Clay; Stocker, Steve; Ramesh, Ganapathy; Palmer, Mark S.; Montagne, Kevin; Harris, Mike; Feltman, Peter; Croucher Jr, Mike; Aybar, Luis; Zipper, Andy; Brown, Michael; '[email protected]'; Hughes, James A.; Shankman, Jeffrey A. Subject: MS150 pledges Ladies and gentlemen, A gentle reminder that the pledges you made to Jeff Skilling for the MS150 are now overdue. Kindly send your check, made payable to "NMSS," to me at EB5008a no later than Friday, June 1. Community Relations is handling the matching gift for this event, so there is no need to complete a matching gift form. If you have any questions regarding your pledge, please don't hesitate to call me at x3-5984. Thank you again for your support on this event. Regards, Sherri
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zipper-a/sent_items/137.
RE: EnronOnline Real-Time Quotes Service on Reuters , John, We are sending our bid and offer prices to Reuters for most US Gas & Power products, as well as European Gas and Power, Crude and Refined products, Bandwidth, Coal, Emissions, Weather and Sea Freight. We will receive 75% of all revenue Reuters collects from subscriptions to EnronOnline quotes. It is an evergreen 1 yr contract with mutual termination rights upon 90 days prior notice. We are under no obligations to provide levels of service. Revenue expectations: Reuters will charge, initially, $150/month/desktop. They have 5,000 Energy desktops worldwide. thus with 100% penetration we would get 5,000 x 150 x 12 x .75= $6,750,000; With a more realistic assumption of 50% penetration the yield to Enron would be $3,375,000 p.a. This revenue does not include the incremental benefits, in our view, of branding and standardization of our product and liquidity in the marketplace. In the future I could see us adding a transactable API to the product through Reuters, which would enhance the ease of transaction by Reuters users. If you have any more questions give me a call or drop me a line. AZ
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screen , Can I get a Reuters screen as well ?
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ICE , I met with Jeff Sprecher of the Intercontinental Exchange for almost an hour and a half and thought it would be a good idea to bring you up to speed on where they are heading. 1). We now have the complete API to them, but it is hooked up to their test environment. They will be sending us a contract to sign before they connect it to their production site. He assured me it will be the same contract that all the founders have to sign to get access to it. Esentially, if we trade or provide prices the API will be free; if we are voyeurs then we will have to pay for it. 2). He stated that charging commssion is not a denfensible business model. They will try to make their money through mid and back office services. 3). Their purchase of the IPE is directly related to implementing 2). his vision is to use the IPE infrastrucutre to make all derivative trades cleared and then use the FCM's to fulfill the back office movemment of funds tasks. In a nutshell he beleives the FCM's are all interconnected and used to moving money around for settlements and margins through the clearinghouse, so why not expand their role. 4). When I expressed some skepticism about 3). he asked if we would like to participate in a forum with other ICE members to discuss shared mid and back ofice services. I told him we would. If anyone has any questions about this let me know. AZ
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RE: Commodity Fundamentals Website , Still does not work.
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no more bubbaloo bubble gum , please...
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RE: ICE , Next steps are he gets me a contract for the API, and lets me know when they are meeting on mid and back.
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RE: EOL Email , Let's table this for now. Too much going on. On another note: Where do we stand with TFS ?
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whats up , Heard you had ended up at Allegheny. In NYC or Hagerstown MD ? Drop me a line, I want to discuss something with you. Hope all is well. Andy
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RE: Value Proposition for Enron from TechSpan , Arvind, The propoer contact at Enron for you is Jay Webb. He can be reached at [email protected]. I will foward this to him. Good Luck, Andy Zipper
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FW: Value Proposition for Enron from TechSpan , Over to you. -----Original Message----- From: Arvind Ramanathan <[email protected]>@ENRON [mailto:IMCEANOTES-Arvind+20Ramanathan+20+3CArvind+2ERamanathan+40techspan+2Ecom+3E+40ENRON@ENRON.com] Sent: Monday, June 04, 2001 8:58 PM To: Zipper, Andy Subject: Value Proposition for Enron from TechSpan Hi Andy Hope you have had a chance to review our earlier details and hopefully it would have given you further insights into our capabilities. During the recent Board meeting with Goldman Sachs, our Enron strategy was discussed and we indicated our correspondance with you. All of us are very exited and working on ways of initiating the process. Moreover, due to the strategic nature of partnership, our Management has also decided to invest in developing this association. I would discuss the proposition (from our Senior Management) during a telecon and you could assess the feasibility. Meanwhile, some areas that we are currently working with Goldman Sachs, Nortel, Chevron, HP, etc are indicated below and we could replicate the same with Enron: 1. Module Development or enhancements to existing applications - Portal - Adaptor/Connector Development - Integrating online trading apps with Back End systems - Ariba customization/enhancements - Content Management - e-Procurement & EBPP - other application specific integration 2. Maintenance & enhancements (Could be done in India for cost saving and round the clock operations) 3. Re-engineering, Migration and porting for your existing applications 4. QA Andy, we are confident that this proposition of ours would be very attractive and would go a long way in developing a strong association. Could we discuss our business proposition this week ? I could call your admin assistant tommorow (6/5) and fix up a suitable time for the call (10 - 15 Minutes Max.) We could follow this up with a technical meeting to identify specific areas, should you feel comfortable with our proposition. Looking forward to our discussions. Thks, Arvind Tel : 408. 530.5570 Cell : 408. 828.6391 www.techspan.com -----Original Message----- From: Arvind Ramanathan Sent: Thursday, May 24, 2001 12:08 PM To: '[email protected]' Subject: RE: Partnership: Enron & TechSpan (Goldman Sachs Funded Company) Dear Andy Thanks for your Mail. I sincerely hope you were able to get a high level overview of our company. Further to my earlier mail, i am enclosing the information which could provide further insight into our company. Pls include them in your assessment process and give me a feedback if you require any further clarification. We look forward to meeting you and your team for an presentation and the value we could bring to Enron. In the presentation, we would cover our Methodology, Processes, Competencies, Clients , Case Study & our economical/cost effective deployment processes. Some synergies i perceive; Enron's initiative in ClickPaper could map well based on our experience in Forest Express , EnronOnline could map into our experience with RMX/Chevron or American Petroleum Exchange, Dealbench.com maps well with our experience with eBreviate on the hosted ASP model for eRFP,Auctions,Supplier Search. Moreoever, our development labs in India could add great value for your module development, ongoing support, maintenance, QA, Porting work; deploying a very low cost structure. 1. TechSpan Details: I have enclosed the following - 1.1 Company Overview (Management, Revenues, Growth, Locations, Services, Competencies, etc) 1.2 TechSpan B2B Markets Expertise Brochure 1.3 Case Study - e2Open , Traiana 1.4 Projects with Ariba & MOAI 2. Other Details which could be of interest 2.1 TechSpan has been featured on IDC's analysis (Report No. 23918) " IDC believes that TechSpan has done a good job of melding its evolution as a services business to that of its partnerhips" 2.2. BEA's Partner brochure on its competency (attachment), wherein TechSpan has been evaluated at par with KPMG & CSC. All our clients have also realized the value in TechSpan and all have positioned us equivalent (and higher in many cases)to any Big 5 Consulting firm. 2.3. INDIAN E-BIZ CONSULTING MARKET WORTH $136 M.: V&D TechSpan tops the Big Six list of e-biz consultants in India with total business worth $67 million, followed by Planetasia and MindTree. The study has identified pricing as the one big advantage enjoyed by Indian pure play Internet Professional Services companies. http://ciol.com/content/news/repts/101020511.asp?nl=ctd-mar5 2.4 Inc. Magazine and Cisco Systems Name TechSpan, Inc., Finalist at Growing with Technology Awards Ceremony http://www.techspan.com/news/prcisco.html 2.5. TechSpan Ranked on Sm@rtReseller's Smart 100 Companies List http://www.techspan.com/news/prsmartreseller.html In summary, we are a young company (two years in operations) with high ambitions and clearly articulated vision of being a leader in the e-commerce consulting space. We have achieved major milestones in being a $ 67.0 Million company within 2 years, largely due to the confidence exhibited by our customers and partners. Though the above are some achievements in the past (giving you a base comfort factor on our long term stability), we are keen in discussing what value we could bring to Enron, now and in the future. Thks, Arvind Arvind Ramanathan Business Development Manager TechSpan Inc. Tel : 408. 530.5570 Cell : 408. 828.6391 www.techspan.com
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RE: Enron Visit , dave forster.
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RE: EOL Email , I need this deal closed by month end.
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zipper-a/sent_items/148.
RE: Natsource-Tullet BETA , why are we bothering with LOC, I thought we had moved past that ?
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zipper-a/sent_items/149.
RE: Global Strategic Sourcing Question , Why wouldn't we use the deal bench auction platform ? This provides for open auctions with participants changing their bids in real time, no ?
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zipper-a/sent_items/15.
RE: Updated Contact Information Required , Please remove me from your contact list. Thank You.
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RE: LOCAL CANDIDATE - Alex Alaniz , Not enough of a background in finance. Thanks and keep trying.
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RE: Conagra is our newest beta customer! , Stewart, It is my strong belief that Kiodex will be most successful in marketing to Fortune 500 corporations. These companies have extremely large portfolios of derivative products to hedge various financial risks but do not view running a risk management system internally as core. I am interested in your thoughts, and how, if you agree, we can influence the company in this direction. Andy Zipper Enron Networks
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RE: John Cummings Update , Please check with me prior to traveling to conferences. Thanks
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RE: whats up , my work phone is 713 853 6994
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RE: LOCAL CANDIDATE - Alex Alaniz , I think this guy would be a good fit for RAC. Send the resume to them.
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FW: PBS: Frontline (06/05/01) , FYI -----Original Message----- From: Jafry, Rahil Sent: Wednesday, June 06, 2001 9:26 AM To: Sherriff, John; Goddard, Paul; Omar, Awais; Griffin, Elena; Shah, Kal; Ferrara, Julie; Hernandez, Lorie; Bess, Erica; Alon, Heather; Zipper, Andy; Forster, David; Bridges, Michael; Philipson, Fred; Shelby, Rex; Berberian, David; Piper, Greg; Shults, Bob; Mandola, Teresa; Pacheco, Leonardo; Alatorre, Carlos Subject: PBS: Frontline (06/05/01) Transcripts of Lay's and Skilling's interviews are available as well. PBS didn't air this in Houston last night, but from what I hear, everyone on the interview panel was grilled on the show (Skilling takes on a fairly aggressive stance). - Rahil http://www.pbs.org/wgbh/pages/frontline/shows/blackout/ http://www.pbs.org/wgbh/pages/frontline/shows/blackout/interviews/
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FW: Kiodex Pre-meeting ROOM CHANGE TO EB2324 , -----Original Message----- From: Guadarrama, Michael Sent: Wednesday, June 06, 2001 9:35 AM To: Zipper, Andy Subject: FW: Kiodex Pre-meeting ROOM CHANGE TO EB2324 Robbie Pateder will be the Project Manager working this from the tech side. Regards, Michael -----Original Message----- From: Pateder, Robbie Sent: Wednesday, June 06, 2001 9:32 AM To: Guadarrama, Michael Subject: FW: Kiodex Pre-meeting ROOM CHANGE TO EB2324 -----Original Message----- From: Moorer, Torrey Sent: Tuesday, June 05, 2001 5:07 PM To: Pateder, Robbie; Cass, Robert B.; Denny, Jennifer; Meredith, Kevin Subject: FW: Kiodex Pre-meeting Apologies, but the location has been changed to EB2324 -----Original Message----- From: Moorer, Torrey Sent: Tuesday, June 05, 2001 4:08 PM To: Pateder, Robbie; Meredith, Kevin; Denny, Jennifer; Cass, Robert B. Subject: Kiodex Pre-meeting Hi Guys, I have reserved EB2710 from 10AM until 11AM Wednesday to get together and go over mapping and information requirements for Kiodex. Please plan on attending and let Jennifer Rosado know if you have any scheduling conflicts. Thanks, Torrey Moorer EnronOnline Product Control Group (713) 853-6218
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Kiodex , I've asked Bob to be the business side representative to work with Operations and IT in getting the Kiodex project off the ground. In addition he will be pursuing the channel partner opportunities with them regarding Product and Environment hosting services. On the sales channnel effort he will work closely with Dave Forster.
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RE: Vector Pipeline , looks good. what are vector's major receipt and delivery points ?
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Var simulation , Naveen, I would like to see what VaR is thrown off by a series of trades. Can you run the following strategies throught he Var model and let me know what the results are. 1). 500,000 mmbtu of a Mar NYMEX straddle. Srike: 2.05, vol:70% 2). 500,000 mmbtu per month of an Apr02/Oct02 NYMEX straddle, Strike: 2.30 vol: 48% 3).500,000 mmbtu per mo0nth of a Nov02/Mar03 NYMEX straddle, Strike: 2.85, vol: 46% 4). 500,000 mmbtu of a Mar NYMEX swap 5) 500,000 mmbtu of a Apr/Oct02 NYMEX swap 6). 5,000 mmbtu/d of a cal03 NYMEX swap 7). Same for Nov02/Mar03 8). Short 500,000mmbtu Mar02 vs. long 80,000 mmbtu per month of Apr/Oct02 9). short 500,000 mmbtu of Feb Gas Daily swap and long 500,000 mmbtu Mar Nymex swap 10).short 500,000mmbtu of Feb gas daily straddle, and long 500,000 mmbtu of Mar NYMEX Straddle If any of the foward prices or vols in the system differ from what I have given you use what is in the system. I would also be interested in what the UBS model spits out for these if available. Any questions give me a call. Thanks, Andy
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RE: Cross-commodity desk , Claudio, I am still in the process of setting up what we are going to look at and how, but it will very definitely be options focused. I think the three major drivers we will care about will be Gas, Power, and weather. I am particularly interested in the relationship of how gas and power prices react with weather. One trade I am interested in is gas daily options that knock-in based on an observed temperature for the particular delivery point. What are your views and what would you focus on if you were me ? Thanks Andy
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jeff shankman , jeff said he does not have access to trade emissions allowances. if he indeed does not, please turn him on for those. if he does, let me know. thanks.
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RE: John Cummings Update , I understand; however my request stands. I would like a heads up whenever you are planning a trip like this, it is the same I ask of all my direct reports. Thanks
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RE: John Cummings Update , John, On the first note: OK, thanks. On the second, I would like the senior person on each team (and they know who they are) to figure how to divvy up the tasks based upon their teams relative skills. You guys need to figure it out, with my help. Right now we are a little heavily staffed for what we are doing and I am trying to find ways to cope with that. This is one. Your cooperation is appreciated. Thanks, AZ
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Travel , I realize that traveling to see a client is part of our job. I would just ask that we try to spend those expense dollars as efficiently and conscientiously as possible. Thanks, AZ
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FW: Reuters on NYMEX , Mike's thoughts on subject... -----Original Message----- From: Bridges, Michael Sent: Wednesday, June 06, 2001 10:07 AM To: Zipper, Andy Subject: Reuters on NYMEX Andy, Unfortunately, the only stick we have in this game is increasing the total number of subscriptions to a price point whereby NYMEX passes. We may as well capitalize on this because: We can't not sell them terminals (Access will be available if the floor traders want it-- IF THEY WANT IT, THEY WILL GET IT.) The large spread traders already know where ENE is at Our competitors have been playing the EnronOnline/ floor arbitrage game since day one (it was part on our success) REUTERS ABILITIES: 1. Reuters has the right to limit "wall board" availability; NYMEX has the right to buy terminals from Reuters 2. Reuters will request "consistency"; in regards to pricing, re-distribution, etc 3. Do not have the capability of breaking up the data set OPINION: Sell it. 25K per month. Unlimited enterprise license.
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RE: Reuters on NYMEX , What is, exactly, the state of play here ? I nothing else happens, on Monday does the product go up on the wallboard ? Has Eddie quoted on px to the Merc ? I need to have my facts straight when this becomes a pissing match between Whalley ,Arnold and Lavorato.
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RE: Vector Pipeline , Thanks, are we talking to GreatLakes pipepline as well ?
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NGPL , do we have a contract in front of them yet ?
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FW: Option Manager - extra features , Harry's comments. He has a valid point on the volumetric suspension issue....i think he will launch the product but ask us to put this in the development queue. -----Original Message----- From: Arora, Harry Sent: Tuesday, June 05, 2001 3:40 PM To: Puthigai, Savita; Zipper, Andy; Stalford, Robert; Alatorre, Carlos Subject: Option Manager - extra features Savita In our testing we have found the inability to manage our wing-strikes risk. The way it works for power markets is that most traders would be unwillling to trade more than 250MW of a wing strike without widening out the bid offer. Similarly the risk at some point can get high enough to suspend wing strikes. In the current option manager, the only possibility is to increase or decrease the ATM suite vol (which has little effect on the wing strikes anyway). For that reason we need a volumetric control for each strike. The volumeteric control could be a toggle which could be turned on or off. If the volumetric control toggle si on, corresponding to each strike, there would be a maximum volume. If the strike is hit or lifted by that volume, that strike is automatically suspended and the trader notified. This allows the individual strike risk to be limited. This also allows us to put some less liquid markets out there - where the price discovery is evolving. In those products we can put the volume to be limited at 100 MW for each strike making the risk more manageable. Pls give me a call, so that we can discuss this further. Harry Arora
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RE: Updated Contact Information Required , Why is Mr. Frank Alexander interested intalking to me ? Furthermore who is he ?
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Deal Bench and EnronOnline , Greg and Philippe Having listened to the DealBench presentation at our offsite and after discussing with Jay, I would like to propose the following with respect to DealBench and EnronOnline: 1). The most valuable pieces of business functionality DealBench has are the data rooms and auctions. The first might have some going concern value, but probably not much, as IntraLinks, the king, only generates $10MM in revs per year. The second, auctions, while of value will probably be given away by competitors to get other business. 2). The technology as a whole is not severable right now, and probably not ready for prime time. Thus the chances of getting a bid for it as IPR that is above the costs of doing a deal is minimal. We have some knowledge of this from our Offline experiences. Recommendation: EnronOnline's auction functionality is very thin. DealBench's has a lot of good business logic built into it. While the code might not be up to our standards, it would be of value to integrate it into the EnronOnline platform. This way we take advantage of the superior EnronOnline brand and not reinvent the wheel as far as business logic is concerned. There will be some development needed to integrate and rewrite the DealBench auctions piece to accommodate the single EnronOnline login, as well as change the look and feel to an EnronOnline one, but this should be well worth it. It is my STRONG belief that there is an untapped market for energy and commodity based auctions that EnronOnline should OWN. As a part of this move we should re-deploy DealBench's auction marketing force to attack this space, which furthers the general commercial goals of ENE, as opposed to something that now is fringe at best. Thanks, AZ
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RE: Deal Bench and EnronOnline , Yes, but the other shoe is that we should shut down the rest of DealBench. If not, we will need to make large costly changes to the infrastructure to keep it going.
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FW: Deal Bench and EnronOnline , -----Original Message----- From: Piper, Greg Sent: Wednesday, June 06, 2001 3:36 PM To: Zipper, Andy Cc: Bibi, Philippe A. Subject: RE: Deal Bench and EnronOnline I agree. This is consistent with the e-mail I sent recently and our conversation on the way to Zydako. I assume Webb is for it? If he is, then it is a strategic decision. I assume it is also a prelude to daily auctions on structured derivatives and shaped products. Thanks. GP -----Original Message----- From: Zipper, Andy Sent: Wednesday, June 06, 2001 3:27 PM To: Piper, Greg; Bibi, Philippe A. Subject: Deal Bench and EnronOnline Greg and Philippe Having listened to the DealBench presentation at our offsite and after discussing with Jay, I would like to propose the following with respect to DealBench and EnronOnline: 1). The most valuable pieces of business functionality DealBench has are the data rooms and auctions. The first might have some going concern value, but probably not much, as IntraLinks, the king, only generates $10MM in revs per year. The second, auctions, while of value will probably be given away by competitors to get other business. 2). The technology as a whole is not severable right now, and probably not ready for prime time. Thus the chances of getting a bid for it as IPR that is above the costs of doing a deal is minimal. We have some knowledge of this from our Offline experiences. Recommendation: EnronOnline's auction functionality is very thin. DealBench's has a lot of good business logic built into it. While the code might not be up to our standards, it would be of value to integrate it into the EnronOnline platform. This way we take advantage of the superior EnronOnline brand and not reinvent the wheel as far as business logic is concerned. There will be some development needed to integrate and rewrite the DealBench auctions piece to accommodate the single EnronOnline login, as well as change the look and feel to an EnronOnline one, but this should be well worth it. It is my STRONG belief that there is an untapped market for energy and commodity based auctions that EnronOnline should OWN. As a part of this move we should re-deploy DealBench's auction marketing force to attack this space, which furthers the general commercial goals of ENE, as opposed to something that now is fringe at best. Thanks, AZ
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RE: Deal Bench and EnronOnline , I talked with Greg and he and bibi are for it. Start the process with Guadaramma but keep it close to the vest as it is not official with the DealBench folks.
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RE: ICE , thanks.
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RE: building liquidity , Wasn't me.
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RE: Deal Bench and EnronOnline , Do we want to make this official ?
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FW: Raj Mahajan , Give Raj a call. --------- Inline attachment follows --------- From: </O=ENRON/OU=NA/CN=RECIPIENTS/CN=LCANNO2> Date: Monday, April 23, 2001 8:39:09 GMT Subject:
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RE: eBiz on EnronOnline quotes on Reuters , I do not want my name in the article. Please use Greg Piper's or Phillipe Bibi's. Thanks
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RE: TSH Contract , Thanks for the note. Awaiting your review and response. Andy Zipper
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RE: Commodity Fundamentals Website , I keep getting asked for a username,password and domain name. What do I put in these fields to get access ?
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RE: TSH Contract , Kenny, Peggy, Mike, We would definitely like to get this finished by end of June. We can move as fast as you need us to. Ideally I would like both sides to get together early next to hash out any differences. How does this work for you guys ? Thanks AZ
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RE: Thanks for the interview , My pleasure.
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RE: Cross-commodity desk , Claudio, I agree with you. The first bullet point will be easier to implement. Generally I have found that there is sufficient divergence of opinions amongst wholesale players that you can get positions on that you want. My goal would be to fulfill the function of both bullet points. I think there are pockets of risk management of complex relationships around the firm, but no group dedicated to it. Clearly we will need quantitative rigor to serve those functions. questions: I am familiar with Quantos from my banking days, where a USD interest rate option pays off in a non USD currency at a fixed exchange rate. What is the specific structure of the options you are looking at. Regards, Andy
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RE: Resume - JIMMY K. LIEW , You're right he does look good. I am very interested. Can you set up a phone interview, and if that goes well bring him down for rounds.
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EnronOnline BrokerClient and European Coal , Stu, When you get a chance can you gice me a call re: the above and Natsource. I'm around most of tomrrow so any old time is fine with me. Thanks Andy
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RE: TFS Ranking , thanks.
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RE: Dynegy-ICE VOL Jun6 , I agree. The whole thing is a sham.
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FW: Dynegy-ICE VOL Jun6 , FYI -----Original Message----- From: Puthigai, Savita Sent: Thursday, June 07, 2001 4:24 PM To: Zipper, Andy Subject: FW: Dynegy-ICE VOL Jun6 I think this warrants some investigation -----Original Message----- From: Moorer, Torrey Sent: Thursday, June 07, 2001 9:58 AM To: Puthigai, Savita Cc: Denny, Jennifer Subject: FW: Dynegy-ICE VOL Jun6 Hi Savita, Jennifer and I have been looking through the ICE volumes on physical gas and it looks like nearly all of their really huge Nat Gas volumes are being done on firm, physical, CUSTOM trades. It's probably a good bet that these "custom" products are some sort of structured or one-off deals that are not available to the general trading public on their website, but are instead closed, large-scale transactions done between the various ICE entities as a means of pumping up their volumes. I've gone through the attached spreadsheet and highlighted several examples of these "custom" deals and have spoken with Bob Shults to see if he has any contacts at ICE that might be able to shed light on exactly what these things are. He hasn't called anyone yet, however, and I've asked him not to until you and Andy have had a chance to go over this. Could be something, could be nothing... Torrey -----Original Message----- From: Johnson, Adam Sent: Thursday, June 07, 2001 8:38 AM To: Bibi, Philippe A.; Bridges, Michael; Denny, Jennifer; Hillis, Kimberly; Kitchen, Louise; Moorer, Torrey; Piper, Greg; Rosado, Jennifer; Schoppe, Tammie; Shults, Bob; Sweitzer, Tara; Whalley, Greg; Zipper, Andy Subject: Dynegy-ICE VOL Jun6 There are 2 sheets in the following attachment that contain Enron transactional data for the Intercontinental Exchange (ICE) and Dynegy Direct, labeled as follows: "Enron Activity - Dynegy Direct" "Enron Activity - ICE" Note: Total activity for Dynegy Direct is not available, therefore Enron's Percentage can not be calculated. Let me know if you have any questions or comments. Adam Johnson EnronOnline 713-345-4877
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FW: Barrick , any help you can give us would be appreciated. thanks. -----Original Message----- From: Haney, Mike Sent: Thursday, June 07, 2001 5:24 PM To: Seigal, Jason Cc: Garner, Bruce; Zipper, Andy; Forster, David; Staffel, Jake Subject: RE: Barrick Jason: Here are the people I am contacting at Barrick: Randall Oliphant: President and Chief Executive Officer John K. Carrington: Vice Chairman and Chief Operating Officer Jamie C. Sokalsky: Senior Vice President and Chief Financial Officer Alan R. Hill: Executive Vice President, Development John Butler: Senior Vice President, Corporate Development Hope this helps. Please let me know if you have more questions or comments. Best regards, Mike -----Original Message----- From: Seigal, Jason Sent: Thursday, June 07, 2001 10:19 AM To: Haney, Mike Subject: Barrick I forgot to ask, who at Barrick did you send the letter to? Thanks, Jason
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RE: The Tax Bill , Thank you.
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RE: , Eddie, Thanks for the note. This morning I signed my contract with UBS, so I am here for another year. After that I will be wanting to move the family back to the NYC area. If you hear of anyone interested in someone where my skills would be a fit, let me know. Otherwise things are going okay and we hope to start trading again by mid feb. Hope all is well with you and your family. I'll let you know next time I am in NYC. Give me a call when you get a chance and thanks again for the support. I hope you know I would do the same for you. Andy
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RE: Conagra is our newest beta customer! , Stewart, I base my opinion on 15 years trading and marketing risk management products to corporations. When I was at Bankers Trust, every corporation we dealt with would ask after completing a deal "can you tell us where we can get a cheap off-the-shelf system that we can use to manage these things ? " The problem KioDex has is exactly what you describe: with companies that where trading of derivative products is core to their mission, the third party ASP model is an extremely difficult one to sell. There are all the obvious reasons: security, reliability, continuity etc... What Kiodex needs to focus on, in my opinion, is the intersection of customers who need the product but don't view the function as critical to their operation. For what it is worth. Andy
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RE: Kiodex Reports on EnronOnline , I agree completely. We are the delivery vehicle for Kiodex.
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RE: Yo , I hear Shell....
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RE: Hi KPD! , Hi ! thanks for message. I will try to call you on cell phone. Love you mucho, KPD
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FW: Previous conversation.... , -----Original Message----- From: Joel Hagensick [mailto:[email protected]] Sent: Friday, October 26, 2001 10:11 AM To: Zipper, Andy Subject: Previous conversation.... Andy: It was a pleasure speaking with you earlier this morning. Like I said, I just wanted to introduce myself and see who you might know that would have an interest in ice fishing. Please feel free to contact me personally or you may also pass my information along to anyone that may have an interest. My client holds a strong position in the Northeast. They are looking to fill a Senior Gas Trading position. They are fairly new to the gas world and seeks a professional with a solid understanding of the technical side of natural gas trading. Somebody that is not afraid of taking "responsible" risks. Further information includes: 35,000 megawatts of generation, VAR limit of 25 million The role in general would consist of approximately 35% Strategic Gas Hedging in the Northeast with the remaining balance Spec Trading. This is a Senior Level position so my client is looking for experience as head of a desk. If you have any questions or would like to talk further, please feel free to contact me via phone or email. Thanks, Joel Hagensick Executive Recruiter TIG First Source <http://www.tigfirstsource.com/> 713-529-2100 [email protected] <mailto:[email protected]>
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RE: Yo , I get a smattering of actual, I tool the family down to corpus to the beach two weekends ago, and half the flight was in and out of the clouds. Having a good auto-pilot and stormscope makes a diference, but stormscopes can be tricky to use unless you have a lot of exprience. The trick is never to put them on a setting of less than their maximum range or they never show you anything until it is too late. I have the stormscope feeding through the Garmin 530. Keep flying.
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Apr/oct trades , I sold 2,000/d of apr/oct @ 3.19, and 2,000/d @ 3.18. Please put these in the ng-opt book, not the jv book. Thanks
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RE: customer positions , Jay, Thanks for the help. Andy
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RE: CRUDE STRADDLES , It has the hO numbers but not the Cl numbers.
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RE: solution for hedging options that doesn't decrement swap volume , Jay that makes sense and is the right solution, however I floated it by Rob Benson and Dana Davis and they felt that having to have another product up on the ir screen would but just TOO much. Go figure. So they agreed to let me auto hedge to the base product and 5 min qty 5 increment works for me so we will run with that for the meantime. The non web visible route is my back up. I'll let you know how it goes. Thanks Andy
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FW: DOMESTIC WEATHER - ENERGY AND AG , -----Original Message----- From: Ligums, Jeb Sent: Monday, January 28, 2002 11:35 AM To: Maggi, Mike; Zipper, Andy; Griffith, John; Quigley, Dutch Subject: DOMESTIC WEATHER - ENERGY AND AG
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RE: Yo , Don't know about the AGA....Seems to be that we are having harder and harder tme as an industry getting it right. I flew to little rock last weekend for a BPPP bonanza school and had a really cool instructor who was a retired colonel in USAF and F4 pilot. Lots of good stories. Beautiful weeknd for flying. Saw Jack Hirsch but didn't ask him about his club's bonanza... How is yor flying going ?
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