high yield portfolio hedging joe yes let get together week discussions credit trading team nothing real substance yet still curious understand risks left holding equity tranche also sure would propose deal dyanmic nature derivative portfolio reschedule robina couple times trying get video conference call together may delay robina visit keep informed bill original message deffner joseph sent fri 8 31 2001 8 55 pm kitchen louise bradford william cc subject high yield portfolio hedging bill get together discuss proposal know intending transfer credit risk project x z structures likely riskier credits structures rely cdo synthetic cdo structures addition received indications interest non funded risk transfer structures pure first loss transfer may interesting review original message kitchen louise sent friday august 31 2001 11 27 deffner joseph bradford william subject fw high yield portfolio hedging comments original message barker bennett robina sent friday august 31 2001 8 28 kitchen louise subject high yield portfolio hedging louise hope alls well enjoying life houston one projects group enron credit syndication currently working try originate structure place high yield emerging market cdo made enron risks externally originated risks plan would provide cost effective way enron hedge credit exposure riskier counterparties sure enron north america type exposure would interested talk someone find way might able help group attach short presentation outlines rationale going houston week 17 th september would appreciate steer would best person speak regards robina