enron japan commercial support model sally want summarize clarify discussions far commercial support model enron japan background europe commercial support function divided middle office mo back office bo part european controller fearnley dyson responsible functions scandinavia trading office europe outside london responsible functions local office controller reporting barry pearce reported fearnley japan also local office controller function responsible mo bo activities region mo would consist trading related functions documentation capture confirmation risk management settlement trade accounting bo would consist g salaries wages tax management reporting statutory reporting vat back office report directly cassandra scultz vp cao enron apachi much possible outsourced sydney office heidi mason also reports cassandra work done tokyo reasons outsourcing decision enclosed power point presentation enclosed payments use houston treasury ones exercise payment banking systems middle office mandate writing section joe hirl memo request japan power trading positions draft rick buy greg whalley dated april 19 year please find enclosed back office operations jan erland bekeng cooperation sally beck look establish local risk books tokyo define system modifications necessary given characteristics japanese electricity market enron japan handle trade capture risk management confirmations settlements occur houston sally beck supervision support system modification overseen anthony dayao performed houston discussion current future situation see commodities power metals arrive september 25 weather way sydney garry hickerson september 1 guy irfx agri maybe equity also looking oil deals plans gas coal pulp paper credit emissions also ebs way see metals irfx weather active desks year maybe oil power take time get active due closed market situation right origination side might see structures cross commidity finance deals go thus mix activites enron apachi enron global markets ebs enron metals basically everyone wants business japan coordinate activities need build cost efficient independent segregated automised service minded japanese commercial support function possible accomplish objectives outsourcing sydney alternative discussed extensive lately highly recommended side labour costs sydney 25 costs tokyo due sydney experience size ready expand take project already segregation independence place would give us extra layer segregation sense intermideary tokyo houston bilingual staff would hired perform japanese services widely available sydney one hour difference us outsourcing activities japan australia growing trend many large corporations done way time first trades functions commodities moved sydney tokyo want needs learn understand details automise make routines calibrate systems first confirmation side legal department would heavily involved th start compared later stages proposed mo structure enron japan responsibility commercial support activities japan sourced enron japan enron japan cfo b outsource programmable tasks sydney documentation capture confirmation settlement trade accounting c risk management tokyo look forward hear regards jan erland