re : helsinki report fernley ,
generally , this seems to be fine . i think that steve and i would like to
clarify the credit limit review issue . please see him for some semantical
changes to that one line .
regarding the expected / maximum exposure calculation , i believe that this is
incredibly misleading and if not changed would be inclined to forward my own
interpretation . we lost $ 18 mm ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! - not $ 5 mm . i think
that we should make a distinction between what has already been realized as
opposed to what writedowns need to be taken , but it all better add up to
$ 18 mm . regarding the additional exposures , my impression is that our true
expectation for counterparty claims is close to zero while we do expect to
terminate one or more employees which would incur severance cost .
ted
fernley dyson
01 / 31 / 2000 11 : 10 am
to : sally beck / hou / ect @ ect , ted murphy / hou / ect @ ect , wes colwell / hou / ect @ ect
cc :
subject : helsinki report
dear all
i ' ve been through the attached with steve young and mark frevert .
would welcome any thoughts / comments .
thanks
fernley
- - - - - - - - - - - - - - - - - - - - - - forwarded by fernley dyson / lon / ect on 31 / 01 / 2000 17 : 02
- - - - - - - - - - - - - - - - - - - - - - - - - - -
fernley dyson
31 / 01 / 2000 16 : 36
to : richard causey / corp / enron @ enron
cc :
subject : helsinki report
rick ,
the attached report is an updated version of the document we discussed on
friday of last week . some of the numbers in the exposure analysis are still
draft and i expect firm numbers in the next few hours .
my aim would be to streamline this report for the presentation to joe sutton ,
but i would welcome your steer on how you plan to conduct the meeting and
whether or not this format is appropriate .
regards
fernley
re : helsinki report
fernley ,
generally , this seems to be fine . i think that steve and i would like to
clarify the credit limit review issue . please see him for some semantical
changes to that one line .
regarding the expected / maximum exposure calculation , i believe that this is
incredibly misleading and if not changed would be inclined to forward my own
interpretation . we lost $ 18 mm ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! - not $ 5 mm . i think
that we should make a distinction between what has already been realized as
opposed to what writedowns need to be taken , but it all better add up to
$ 18 mm . regarding the additional exposures , my impression is that our true
expectation for counterparty claims is close to zero while we do expect to
terminate one or more employees which would incur severance cost .
ted
fernley dyson
01 / 31 / 2000 11 : 10 am
to : sally beck / hou / ect @ ect , ted murphy / hou / ect @ ect , wes colwell / hou / ect @ ect
cc :
subject : helsinki report
dear all
i ' ve been through the attached with steve young and mark frevert .
would welcome any thoughts / comments .
thanks
fernley
- - - - - - - - - - - - - - - - - - - - - - forwarded by fernley dyson / lon / ect on 31 / 01 / 2000 17 : 02
- - - - - - - - - - - - - - - - - - - - - - - - - - -
fernley dyson
31 / 01 / 2000 16 : 36
to : richard causey / corp / enron @ enron
cc :
subject : helsinki report
rick ,
the attached report is an updated version of the document we discussed on
friday of last week . some of the numbers in the exposure analysis are still
draft and i expect firm numbers in the next few hours .
my aim would be to streamline this report for the presentation to joe sutton ,
but i would welcome your steer on how you plan to conduct the meeting and
whether or not this format is appropriate .
regards
fernley