ebs var transaction policy two things biting first time need turn draft hannon rice asap value deliberative approach coming v r policy quickly evaporate take 2 weeks study policy say second unique situation concept v r really unlike rest enron today happens today network engineers unilaterally make decisions deployment configuration matters effect longs shorts asset contract portfolio view strictly network operating standpoint good example decision move primary terapop three large servers storing 165 gigabytes portland la servers already place purchased capital involved decision huge ramifications future la new york bandwidth usage cost money could la new york cost cheaper portland new york cost whole point one knows value risk policy attempt corral types decisions put hands risk management group decision made least economic work behind really see ebs v r policy misnamed since really math done calc v r really volumetric based control policy says make network changes xx amount megabytes storage measure oc 3 equivalents bandwidth measure without risk management making approving decision believe research help time actually calculate v r impact decisions time policy modified set metrics based v r calculations open enough mind let us co op word minute need start turning minds network industry people thinking decisions value effects said directly kevin hannon given authority write policy move control significant network changes field trading floor going issue something effectuate really want views thought needed flavor sense urgency weigh quickly barry pearce 06 30 00 04 47 john echols enron communications enron communications lou casari enron communications enron communications cc subject ebs var transaction policy positive forwarded barry pearce enron communications 06 30 00 04 49 ted murphy ect 06 29 00 11 33 barry pearce enron communications enron communications enron cc subject ebs var transaction policy barry conceptually see reason process like implemented way attempted enron corp transaction approval process tap forwarded john copy along risk management policy let share ok really want act firm house kinko taken first step done poorly follow steps create easy follow process anything direct funded capital however process around greater number assets deals better none agree seen really good fully baked one implemented think wrong try concerns given want standard metrics approval processes around firm ebs creates process metric complementary integrates processes metrics business units subjected ted barry pearce enron communications 06 29 2000 09 09 stinson gibner hou ect ect dale surbey lon ect ect ted murphy hou ect ect cc lou casari enron communications enron communications john echols enron communications enron communications jim fallon enron communications enron communications subject ebs var transaction policy hey guys trying implement var transaction policy would like opinion going tough sure implemented similiar policy across books looking bring accrual operational assets well mtm stuff lambdas real live configuration system assets routes servers etc added impact value system worth john attached draft review thoughts see works trading environment actually know var whole trading portfolio however seen done mixture mtm accrual assets add spice operational system valuation tough quantify model step 1 configure system value step 2 calculate var need work step 3 calculate incremental var new deals amendements reconfigs etc tough see think b john echols 06 28 00 05 41 pm jim fallon enron communications enron communications barry pearce enron communications enron communications lou casari enron communications enron communications cc subject policies first rough draft value risk transaction policy would like start looking going policy get early thinking going limits v r example effectively shut server relocations without approval allow level mb storage moved around reconfigured need commercial industry realism may need rick paiste industry helpers marquardt etc help us barry lou need input