RE: Systemic Market Risk to Follow NYMEX Failure ,
 Was out of town but back now. I asked my group to look at your note and apprise me. Will let you know when they do. Tx Rick

-----Original Message-----
From: Brad.Horn@nuon.com [mailto:Brad.Horn@nuon.com]
Sent: Tuesday, September 11, 2001 11:30 AM
To: rbuy@enron.com
Subject: FW: Systemic Market Risk to Follow NYMEX Failure




Rick: 
        In light of recent events at the world trade center, Im concerned about the poitential for a systemic failure following the destruction of NYMEX. A quick note from you to confirm or deny would be appreciated.

        For example, if NYMEX payments are delayed significantly, Im worried that a larger payment failure in the energy derivatives market might follow.  In this scenario, Enron?s large NYMEX position could put it in jeoprardy.  As a result, I would think you would know before others if a NYMEX clearing falure is in the works.  Do you have any insight at this time into NYMEX payment performance?????
brad.horn@nuon.com