Message-ID: <20477961.1075858751852.JavaMail.evans@thyme>
Date: Tue, 23 Oct 2001 12:36:33 -0700 (PDT)
From: anita.luong@enron.com
To: sally.beck@enron.com, scott.earnest@enron.com, mark.fondren@enron.com, 
	c..gossett@enron.com, gary.hickerson@enron.com, 
	georganne.hodges@enron.com, sheila.glover@enron.com, 
	kori.loibl@enron.com, todd.hall@enron.com, 
	clara.carrington@enron.com, frank.prejean@enron.com, 
	w..white@enron.com, john.swinney@enron.com, shelly.wood@enron.com, 
	j..hanson@enron.com, william.kelly@enron.com
Subject: ERMS Discounting Memo
Cc: chris.abel@enron.com, shona.wilson@enron.com
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Attached is the ERMS Discounting Memo as of 9/26/01.   

Please note that the 9/26/2001 balance is based on the new method of calculating the discounting amount.  The changes that were made are as followed:

			Old method	New method
Physical contract 	55 days		55 days
Financial contract	55 days		5 days
Financial calendar	55 days		38 days

Please let me know if you have questions.

Thanks
Anita