Description of UBS Deal Louise --

I need to understand exactly what data is and what data is not being transferred from Enron to UBS.  If any of the data is viewed by FERC as being jurisdictional assets, than Enron would need to inform FERC of that transfer before the transfer.  Clearly, customer specific data will create more issues than generic market information.  I need to check what happens if you have deleted the counterparty names but still show detailed trading data.
 
Who can help me get a better handle on this on Monday?
 
Also, I understand the "adoption" by UBS of Enron contracts.  Initially I was under the impression that this was simply a "review".  Again, any transfer of a jurisdictional asset would result in a 203 application by Enron.  I have seen one draft of the Interim Agreement, but assume that you would do this for EEI and other physical contracts.  Am I right?
 
Thanks,
 
Jim
 

----Original Message-----
From: Kitchen, Louise 
Sent: Friday, February 01, 2002 3:49 PM
To: Steffes, James D.; Forster, David
Subject: RE: Description of UBS Deal


Its non specific - the trades are there but with no counterparty names.

-----Original Message-----
From: Steffes, James D. 
Sent: Tuesday, January 29, 2002 8:25 AM
To: Kitchen, Louise; Forster, David
Subject: RE: Description of UBS Deal


The Master Agreement and License Agreement mention that you have "Customer Data".  Is this wrong?

Jim

-----Original Message-----
From: Kitchen, Louise 
Sent: Tuesday, January 29, 2002 6:46 AM
To: Steffes, James D.; Forster, David
Subject: RE: Description of UBS Deal


Simply
 
People, systems and floor space.
 
Back to front applications with no specific counterparty data.  WE have historical pricing etc but no counterparty names.  You could get most of it from Reuters.

-----Original Message----- 
From: Steffes, James D. 
Sent: Mon 1/28/2002 1:59 PM 
To: Forster, David; Kitchen, Louise 
Cc: 
Subject: Description of UBS Deal



How would you describe (in terms that a regulator would understand) what is transfered to UBS?  I am asking because I want to make sure that I have a good grasp of what is going to UBS before our FERC pre-meeting.

My understanding is that we are providing software code to is used (a) for all backoffice applications and (b) for a trading platform.  Anything else?

Jim 


