clickpaper com confirming entity discussions last several days legal tax resulted change legal entity use trading portion clickpaper com activity long business model one many model decision click match activity clickpaper com still used planned simply invoicing transaction fees b click trade activity following happen 1 physical trading occurs north american hub developed clickpaper com enron north america corp ena confirming entity asked legal develop simple recital statement physical confirmation indicate transaction originated clickpaper com line transaction 2 physical trading occurs hub developed u k latin america asia yet finalized legal entity purposes desire follow legal entity structure used eol line trading hubs similar countries work soon strictly operational point view benefits many significant much simplified mid back office effort order support clickpaper line business longer need concerned setting portfolio book risk books line deals go risk books used today pulp paper intercompany transactions clickpaper com ena eliminated line trades simplifies confirmation support well downstream financial reporting reconcilation activity would required using clickpaper com entity one many model successful move many many model point changes enjoy jeff harbert