Write an email with the subject line "Component V@R Calculations for Skilling - 10:00 am London  Requirement".
As you know, exceeding this limit would require contacting the Enron Board of  Directors. Jeff Skilling is keenly interested in this measurement. In  conversations with Ted Murphy today, Jeff has asked that he receive a daily  report from Ted on component V@R.  Ted called me about 3:00 pm today (Houston  time) to let me know about this requirement. Obviously, we want to meet  Skilling's request with information that is as timely, accurate and  complete  as possible. Therefore, we were concerned about feeds from London that over  the past several weeks have caused one London commodity or another to be  excluded from the first run of component V@R.  (Mike:  I assume that you are  very familiar with these feed problems from your representative that you send  to the daily 8:30 meeting.) I pulled Steve Stock out of a pre-PRC meeting to meet with Ted, Shona, Ramesh  and me at 4:00 today. Realizing that the time was very late in London, we  tried to reach you both at home numbers and by cell phone to include you in  the meeting. Since we could not do so, we continued without you given that  Skilling will want to see this report daily starting tomorrow. Here is the key fact to know:  It takes 3 hours to run the component V@R  calculations, once all inputs have been received and processed. The  Component V@R calculations are kicked off at 6:30 am Houston time, producing  an approximate completion time of 9:30 am Houston time. With this  timeframe, our goal would be to have the component V@R report to Jeff by  approximately 10:00 am Houston time. Given current calculation times, in order to consistently calc component V@R  including all London feeds, London books (UK power, UK gas and Nordic power)  will have to be completed, calculated and officialized by 4:00 am Houston  time (10:00 am London time). If this time frame is not met, then component  V@R reports for Jeff will be incomplete. We had hoped to discuss this with  you today so that you could work with your operations staff, systems support  and traders to insure that you could consistently meet a 10:00 am London  requirement for officialized books. The other immediate action to take is to ask Mike to work with David Hardy on  what we understand to be an almost-completed task of including UK spread  options in V@R calculations using the V@R engine. Those V@R calculations  that are done through Excel calculations are not captured and included in the  component V@R calculations. While there are other commodities that will  currently be excluded from component V@R reports, they are deemed to be less  material than the UK spread options. Ramesh felt that it is only a matter of  days before this is completed. Mike, we would like for you to stay on top of  this from an operations perspective to insure that this happens. I should note that the firm 10:00 am deadline for officializing books in the  UK will only result in producing a report for Jeff by 10:00 am Houston time. We don't know what Jeff's expectation will be regarding timing. It is  probably safe to say that we should be actively looking at process and  systems changes that could result in the ability to deliver such a report  earlier in the morning. Mike, I will call you during my morning commute on Thursday to see whether or  not you have any questions or if there are concerns about consistently  meeting the 10:00 am deadline in London.
Skriv ett mail med ämnesraden "Komponent V@R Beräkningar för Skilling - 10:00 är London Krav".
Write an email with the subject line "Component V@R Calculations for Skilling - 10:00 is London Requirements".
Som ni vet, skulle överskrida denna gräns kräva att kontakta Enrons styrelse. Jeff Skilling är mycket intresserad av denna mätning. I samtal med Ted Murphy idag, Jeff har bett att han får en daglig rapport från Ted om komponent V@R. Ted ringde mig om 3:00 idag (Houston tid) för att låta mig veta om detta krav. Självklart vill vi uppfylla Skillings begäran med information som är så aktuell, korrekt och komplett som möjligt. Därför var vi oroade över foder från London som under de senaste veckorna har gjort att en eller annan Londonvara har uteslutits från den första körningen av komponent V@R. (Mike: Jag antar att du är mycket bekant med dessa foderproblem från din representant som du skickar till det dagliga mötet 8:30.) Jag drog ut Steve Stock från ett pre-PRC-möte för att träffa Ted, Shona, Ramesh och mig klockan fyra idag. När vi insåg att tiden var mycket sen i London, försökte vi nå er både vid hemnummer och via mobiltelefon för att inkludera er i mötet. Eftersom vi inte kunde göra det fortsatte vi utan er, med tanke på att Skilling kommer att vilja se detta betänkande dagligen börja i morgon. Här är det viktigaste faktum att veta: Det tar 3 timmar att köra komponent V@R beräkningar, när alla ingångar har tagits emot och behandlats. Komponent V@R beräkningar startas vid 06:30 Houston tid, vilket ger en ungefärlig färdigställande tid på 9:30 Houston tid. Med denna tidsram, vårt mål skulle vara att ha komponenten V@R rapport till Jeff vid cirka 10:00 Houston tid. Med tanke på de aktuella beräkningstiderna måste Londonböckerna (UK power, UK gas and Nordic power) vara klara, beräknade och officiella senast klockan fyra på morgonen (tid 10:00 i London). Om denna tidsram inte uppfylls, kommer komponent V@ R rapporter för Jeff att vara ofullständiga. Vi hade hoppats att diskutera detta med er idag så att ni kunde arbeta med er operativa personal, systemstöd och handlare för att försäkra er om att ni konsekvent kunde uppfylla ett krav på officiella böcker på 10:00 i London. Den andra omedelbara åtgärden att vidta är att be Mike att arbeta med David Hardy på vad vi förstår vara en nästan fullbordad uppgift att inkludera brittiska spridningsalternativ i V@R beräkningar med hjälp av V@R motorn. De V@R beräkningar som görs genom Excel beräkningar fångas inte och ingår i komponent V@R beräkningar. Även om det för närvarande finns andra varor som kommer att undantas från komponent V@R-rapporter, anses de vara mindre väsentliga än de brittiska spridningsalternativen. Ramesh ansåg att det bara är en fråga om några dagar innan detta är fullbordat. Mike, vi vill att du håller koll på det här från ett operationsperspektiv för att försäkra dig om att det här händer. Jag bör notera att deadline för publicering av böcker i Storbritannien bara kommer att leda till att en rapport för Jeff klockan 10:00 Houston tid. Vi vet inte vad Jeff förväntar sig om timing. Det är förmodligen säkert att säga att vi aktivt bör titta på process- och systemförändringar som kan leda till att vi kan lägga fram ett sådant betänkande tidigare på morgonen. Mike, jag ringer dig under min morgon pendla på torsdag för att se om du har några frågor eller om det finns oro för att konsekvent hålla 10-tiden i London.
As you know, exceeding this limit would require contacting Enron's board of directors. Jeff Skilling is very interested in this measurement. In conversation with Ted Murphy today, Jeff has asked that he receive a daily report from Ted about component V@R. Ted called me about 3:00 today (Houston time) to let me know about this requirement. Of course, we want to meet Skilling's request with information that is as up-to-date, accurate and complete as possible. Therefore, we were concerned about feed from London that over the past few weeks has caused one or another London item to have been excluded from the first run of component V@R. (Mike: I suppose you are very familiar with these feed problems from your representative whom you send to the daily meeting 8:30.) I pulled Steve Stock out of a pre-PRC meeting to see Ted, Shona, Ramesh and me at four today. When we realized that the time was very late in London, we tried to reach you both at home numbers and via mobile phones to include you in the meeting. Since we could not do so, we continued without you, given that Skilling will want to see this report starting on a daily basis tomorrow. Here is the most important fact to know: It takes 3 hours to run component V@R calculations, when all inputs have been received and processed. Component V@R calculations are started at 06:30 Houston time, giving an approximate completion time of 9:30 Houston time. With this timeframe, our goal would be to have the component V@R report to Jeff at approximately 10:00 Houston time. In view of the current calculation times, the London books (UK power, UK gas and Nordic power) must be ready, calculated and official by 4 a.m. (time 10:00 in London). If this time frame is not met, component V@R reports for Jeff will be incomplete. We had hoped to discuss this with you today so that you could work with your operational staff, system support and traders to ensure that you could consistently meet a requirement for official books of 10:00 in London. The second immediate action to take is to ask Mike to work with David Hardy on what we understand to be an almost completed task to include UK dissemination options in V@R calculations using the V@R engine. The V@R calculations made through Excel calculations are not captured and included in component V@R calculations. Although there are currently other goods that will be exempted from component V@R reports, they are considered less significant than the UK dissemination options. Ramesh felt that it is only a matter of a few days before this is completed. Mike, we want you to keep track of this from an operation perspective to make sure this is happening. I should note that the deadline for publishing books in the UK will only lead to a report for Jeff at 10:00 Houston time. We don't know what Jeff expects about timing. It is probably safe to say that we should actively look at process and system changes that could lead us to present such a report earlier in the morning. Mike, I'll call you during my morning commute on Thursday to see if you have any questions or whether there are concerns about consistently holding 10 time in London.