enron metals fx see resolution memo andy cornfield llloyd fleming sent separately forwarded mike jordan lon ect 23 11 2000 12 37 lloyd fleming 22 11 2000 19 30 rick buy hou ect ect cc ted murphy david port gary hickerson hou ect ect shane dallmann lon ect ect michael j hutchinson eu enron enron tim r jones eu enron enron mike jordan lon ect ect subject enron metals fx rick thought might interested information brought today andy cornfield director london risk management operations team regard fx positions enron metals overall fx exposure metals business yet routinely laid fx interest rates desk euro currency exposure associated euro aluminium option managed tim jones head metals financial trading desk position managed limit 30 mg old fx limit enron metals treating limit enron corporate fx limit purposes managing position fx exposure proprietary fx positions occasionally taken recently andy found yesterday metals trader opened long euro 5 million position value 28 11 trader principal fx trader metals desk although formerly fx trader billiton acquired mg 1999 became mg assistant fx trader prior enron acquisition mg regard last item risk management rac discussed mike hutchinson agreed euro 5 position closed tomorrow far first two items concerned rac risk management working commercial heads help ensure enron corporate policy clearly communicated applied regards lloyd fleming rac market risk management ph 44 20 7783 4532 mobile 44 7760 17 87 42