Re: US NitTol Swap - approval required 2nd request ,
 OK for me!



=09Lisa Lees
=0911/14/2000 02:45 PM
=09=09=20
=09=09 To: Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT
=09=09 cc: Tom Moran/HOU/ECT@ECT
=09=09 Subject: US NitTol Swap - approval required 2nd request

Tana/Karen:

The product long description below will fall under the new product type US=
=20
Nitration Toluene Financial Swap.  Tom Moran has approved copying the=20
profiles for the new product type from the following:

 US Benzene Financial Swap CMAI Spot

Please respond no later than 10 a.m. on Wednesday, November 15.

Thank you.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 11/14/2000 01:38 P=
M=20
---------------------------
  =20


From:  Melba Lozano                                                        =
  =20
  11/13/2000 10:03 AM=09
=09
=09
=09                          =20
=09

To: Mark Taylor/HOU/ECT@ECT
cc: Lisa Lees/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT=20
Subject: US NitTol Swap - approval required 2nd request

Mark,

Please approve the attahced product. =20

Thanks,


---------------------- Forwarded by Melba Lozano/HOU/ECT on 11/13/2000 10:0=
2=20
AM ---------------------------
  =20


From:  Melba Lozano                                                        =
  =20
  11/09/2000 10:11 AM=09
=09
=09
=09                          =20
=09

To: Mark Taylor/HOU/ECT@ECT, John Swinney/HOU/ECT@ECT, Jeff=20
Blumenthal/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT,=
=20
Stephen H Douglas/HOU/ECT@ECT
cc: Karen Lambert/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Lisa=20
Lees/HOU/ECT@ECT=20
Subject: US NitTol Swap - approval required

Your review and approval of the following product type in the EOL Datamanag=
er=20
is needed (for directions on approval , please see steps for approval at th=
e=20
bottom of this e-mail).   =20


Traders: Steve Elliott, Lee Jackson, Adam Metry

US NitTol Swap  CMAI Spot               Aug-Oct00       USD/Gl-b

A US Nitration Toluene financial Swap Transaction with Enron North America=
=20
Corp. under which the Seller pays a Floating Price and the Buyer pays the=
=20
price submitted by the Counterparty on the website (the Fixed Price) in eac=
h=20
case in respect of the Notional Quantity per Determination Period.  Each=20
calendar month during the Term of the Transaction will be a Determination=
=20
Period; provided that, if the Term of the Transaction is less than one=20
calendar month the Determination Period shall be the Term of the=20
Transaction.  The Notional Quantity per Determination Period shall be the=
=20
volume submitted by Counterparty via the website.  The Payment Date(s) will=
=20
be 5 business days after the Floating Price is determinable.  The Floating=
=20
Price shall be the Index for the relevant Determination Period.


The Term of the Transaction shall be from the Effective Date of 01 Aug 2000=
=20
to the Termination Date of 31 Oct 2000.


The Index for a Determination Period shall be the mean of the average of th=
e=20
high and low price in Cents/Gallon of Toluene-Nit. published under the=20
headings =01&Prices for Period Ending [DATE]: United States: Toluene-Nit.)=
=018=20
under the caption =01&SPOT: Cents/Lb.=018 in each issue of Chemical Market=
=20
Associates, Inc.=01,s Aromatics Market Report (Weekly) that reports prices=
=20
effective for such Determination Period. Notwithstanding the reference to=
=20
pounds in the caption mentioned above, the prices quoted for this product b=
y=20
CMAI are in Cents/Gallon.

The price is quoted in US Dollars per unit of volume, which will be the=20
Contractual Currency.

The unit of measure against which the price is quoted shall be gallons and=
=20
the volume shown shall be in total number of Barrels (42 US Gallons) per=20
month.


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=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
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STEPS FOR APPROVAL:

click the  START button=20
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD=20
click the Enron Online Production Cluster "START" button =20
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up=20
TO APPROVE:  Right mouse click on "Approved"
 =20
Thanks - Rob Cass  -  Melba Lozano
x35491   x58986
lisa.lees@enron.com