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Rick & Ted,
One more thing to watch. California power prices next summer.
We see the possibility of higher prices and of spikes (bad hydro conditions
in California, growing demand for power).
Vince
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/14/2000
05:21 PM ---------------------------
"Ehud I. Ronn" <[email protected]> on 09/14/2000 10:15:33 AM
To: [email protected]
cc:
Subject: Update on UT - Enron Activities: My Conversation with Rick Causey
Vince,
Good morning.
As you may know, last Thur. Enron honored this year's recipients of the
Enron MBA Excellence Fund Scholars at a dinner in Austin. In addition to
the three recipients, Business School Dean May and several of my
colleagues, Enron attendees included Sally Beck, Cindy Justice, Karen
Marshall (newly-appointed coordinator of higher education initiatives for
Enron Community Relations Dept.) and Rick Causey.
I write you at this time to advise you I had occasion to discuss two
current Enron/UT issues with Rick:
I. Spring 2001 Conference Participation by Jeffrey K. Skilling
II. UT Participation in EnronTraining Activities
Per my conversation with Rick last Thur., I followed up on that discussion
with an e-mail this morn that touched on those two topics.
I. With respect to the first, I wrote Rick this morning that:
1. We at the UT Center for Energy Finance Education and Research (CEFER)
are planning a practitioner-industry Conference in Spring 2001 (late Feb.
or early March) to discuss four topics: Risk management, Deregulation,
Real options, and International/globalization.
2. The Conference will kick off with a dinner/keynote address Thur.
evening, then continue all day Fri.
3. I have had several discussions with you regarding Conference timing,
structure, participation and content.
4. Further to Rick's agreement to do so during our discussion last Thur.,
in today's e-mail I asked Rick to extend an invitation to Jeff Skilling to
be the keynote speaker at the Thur. evening dinner.
II. With respect to the second topic, Rick and I also discussed UT
partcipation in Enron Corp. internal training for incoming Enron Corp.
analysts and associates. Consequently, I e-mailed Rick this morning a
specific set of issues -- "Valuation and Risk Management in Energy Markets"
-- which my UT colleagues and I have covered in public as well as
customized exec ed settings, and which we would be pleased to customize for
presentation at Enron. FYI, I am enclosing a copy of said topics at the
end of this e-mail.
I look forward to seeing you again soon, and to your UT visit on 10/11. Best,
Ehud
Training Program: "Valuation and Risk Management in Energy Markets"
Target Audience: Associates, Analysts, Traders, Marketing/Sales, Risk
managers, Financial analysts
Program Objectives:
1. Understanding the physical and financial U. S. markets for electricity
and natural gas
2. Understanding the structuring, reverse engineering and valuation of
exchange-traded and OTC energy derivatives, including "exotic" options,
structured products, and spread and basis products
3. Promoting a common language between trading and marketing personnel
regarding valuation and hedging of structured products
4. Risk-management
Program Contents:
I. "Electricity 101"
-- Problems in pricing
-- Spot markets
-- Forward markets
-- Trading: Basis, fixed-price, volatility
-- Markets: Characteristics and participants
II. Valuation/Structuring/Hedging
1. Fundamentals of Forwards and Futures Contracts:
-- Forward Contracts: Definition, Payoff Diagram, Pricing by Arbitrage
-- Futures vs. Forwards
-- Commodity Futures
-- Swaps
-- Constructing Forward Curves: Contrast with price forecast; Using the
spark spread; Incorporating regional bases
2. Introduction to Option Pricing:
-- Payoffs
-- Put-Call Parity
-- Binomial Model
-- Black-Scholes Formula
-- Option "Sensitivities" (the "Greeks"); Delta and Gamma
3. Uniqueness of Energy Derivatives:
-- "Term Structure" of Volatility
-- Convenience Yield / Seasonality
-- Basis
4. Estimating Volatility in Energy Markets:
-- Estimating Volatility in Financial Markets
-- Hourly vs. Daily Vols
-- Historical or Implied Vols?
-- Characterizing the Volatility "Surface" Across Time and Strike
5. Design and Valuation of Structured Products in Commodity Markets:
-- Valuation of European Call Options in Energy Markets
-- Average Options on Oil Futures Contracts
-- Spread and Basis Products
-- "Swing" Options in Power Markets
-- Weather Derivatives
6. Risk-Management
-- Motivation for Structured Trades
-- Valuation of real options (e.g., valuation of power plant or gas field)
-- Value-at-Risk (one- and multi-factor models)
-- Repowering option
7. Advanced Topics (for qualified audiences)
-- Relationship between forward prices and expected spot prices
-- The Importance of Hedging Volatility Changes
-- Consistent Method for Estimating Hourly, Daily and Monthly Term
Structures of Volatility
-- Practical Alternatives to Vega-Hedging
-- Applying Options Theory to the Valuation of Power Plants
-- Valuation of "Swing" Options under Ruthless and Non-Ruthless Exercise
==============================================
Ehud I. Ronn
Professor of Finance and Jack S. Josey Professor in Energy Studies
Director, Center for Energy Finance Education and Research
McCombs School of Business
University of Texas at Austin
Austin, TX. 78712-1179
Voice: (512) 471-5853
FAX: (512) 471-5073
Internet: [email protected]
=================================================
|
Shirley,
Please, inform the rest of the group.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/02/2000
03:07 PM ---------------------------
Barbara Ostdiek <[email protected]> on 12/01/2000 05:38:08 PM
To: [email protected]
cc:
Subject: RICE/ERON FINANCE SEMINAR SERIES
Enron Seminar Series in Finance
Jones Graduate School of Management, Rice University
Tim Bollerslev
Duke University
will give a seminar at the Jones School on Friday, December 8,?
&Measuring, Modeling, and Forecasting Realized Volatility.8
The seminar will begin at 10:30 in Room 113.
Please note the different time and different room for this seminar.
A pdf of the paper is available through the seminar website
http://www.ruf.rice.edu/~jgsfss/.
?
|
Christie,
Thanks for the invitation.
I shall see you on Friday.
Vince
Christie Patrick
01/10/2001 05:35 PM
To: Thomas E White/HOU/EES@EES, Judy G Smith/HOU/EES@EES, Terence H
Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James Prentice/GPGFIN/Enron@ENRON,
Peter E Weidler/NA/Enron@Enron, Vince J Kaminski/HOU/ECT@ECT, Christi L
Nicolay/HOU/ECT@ECT, Peggy Menchaca/Corp/Enron@ENRON, Ted
Ryther/OTS/Enron@ENRON, Dom Izzo/HOU/EES@EES, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Anne Jolibois/FGT/Enron@ENRON,
Linda Harris/FGT/Enron@Enron, Ann M Schmidt/Corp/Enron@ENRON, Cindy
Richardson/Corp/Enron@ENRON, Alhamd Alkhayat/NA/Enron@ENRON, Traci
Warner/Enron Communications@Enron Communications, Dave
Schafer/NA/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Gene
Humphrey/Enron@EnronXGate, James Saunders/FGT/Enron@ENRON, Philip
Bazelides/HOU/AZURIX@AZURIX, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lohit
Datta-Barua/OTS/Enron@Enron, Janice Hogan/GPGFIN/Enron@ENRON, Kenneth
Lay/Corp/Enron@ENRON, Larry Reynolds/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob
Walls/NA/Enron@Enron, Cindy Hodges/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Rockford Meyer/FGT/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Ken Rice/Enron
Communications@Enron Communications, Chris Holmes/HOU/EES@EES, Kelly
Allen/HOU/EES@EES, Carol Barcus/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Craig/OTS/Enron@ENRON, James D Steffes/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron
cc:
Subject: Leonard Hilton Reception-DIRECTIONS-PARKING
Dear Friends,
Attached please find the EASIEST directions to the University of Houston
Athletic/Alumni Center (from downtown).
I've also indicated the preferred parking areas. The page looks large on
your screen, but prints normally.
Just to make sure everyone's set, I'm also attaching the invitation.
The PROGRAM will take place from 5:50 - 6:20, though the reception and track
meet will start before and continue thereafter.
I am very honored you will be able to join me.
Sincere thanks!
--Christie.
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/06/2000
08:42 AM ---------------------------
Pinnamaneni Krishnarao
09/05/2000 02:20 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Grant
Masson/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT, Anita DuPont/NA/Enron@ENRON
Subject: Derivatives & Risk Management Seminar Presented by Enron Research
Group
---------------------- Forwarded by Pinnamaneni Krishnarao/HOU/ECT on
09/05/2000 02:10 PM ---------------------------
To: RM Domestic
cc: Pat Twomey/HOU/EES@EES, Pinnamaneni Krishnarao/HOU/ECT@ECT
Subject: Derivatives & Risk Management Seminar Presented by Enron Research
Group
Derivatives & Risk Management
Seminars Presented by
Enron Research Group
Enron Research Group is conducting a series of seminars on Derivatives &
Risk Management for EES. There will be 5 sessions (A to E), each one dealing
with a different set of option types or issues relevant for EES. We will go
into some detail regarding the option details, assumptions in pricing,
interpretation of the sensitivities (greeks) and deal structures that
incorporate these options. A more-detailed outline of topics to be covered
is in the attached file.
Session A: Forwards, Swaps and Options
Date: September 13, 2000
Time: 1:00p - 5:00p
Venue: Forum Conference Room - 2AC, 12th Floor
Sign-up Contact: Esmeralda Hinojosa, x-57390
Dates for Sessions B through E: Sept. 28th, Oct 9th, Oct 25th, and Nov 2nd.
|
Frank,
I am definitely interested in the resume. I can meet the candidate on campus
when
I visit my son. I am planning to come to Palo Alto around Thanksgiving.
Also, Energy and Power Risk Management (an English publication)
organizes every year in Houston a POWER RISK conference (typically in May).
They ask me for recommendations regarding
speakers. Would you be interested in participating?
Vince
"Frank A. Wolak" <[email protected]> on 11/13/2000 08:44:57 AM
To: [email protected]
cc:
Subject:
Vince,
I am writing about a student of mine who is on the job market
this year. When you stopped by my office, about 18 months ago
you asked if I had any students that might be appropriate for
your group. Although I didn't at the time, now I do. This student has
excellent technical skills, including an M.S. in Statistics
and a Ph.D. in Economics by the end of the current academic
year. His dissertation research is on the investment behavior
of Independent Power Producers in the US. As a result of research
assistance he has done for me, he knows the California market very well
and is familiar with the other ISOs. I think he would be an excellent
match for you. The only problem is that he will probably have many
other options available. However, I definitely think he's worth a look.
If you'd like him to send you a CV, please let me know. Thanks.
Frank Wolak
Professor Frank A. Wolak email:
[email protected]
Department of Economics Phone: 650-723-3944
(Office)
Stanford University FAX: 650-725-5702
Stanford, CA 94305-6072 Phone: 650-856-0109 (Home)
World-Wide Web Page: http://www.stanford.edu/~wolak Cell Phone: 650-814-0107
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/29/2000
01:55 PM ---------------------------
Elena Chilkina
09/29/2000 11:19 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Electricity Prices
Vince,
Please find attached electricity prices file, let me know if you need any
additional information.
Sincerely, Elena
|
Mark,
Thanks.
Vince
Mark Lay
01/10/2000 06:15 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Congratulations
Congratulations on your official designation as a poohbah! Just goes to show
you, smart guys can finish first also.
Mark
|
Sheila,
There were some handwritten changes made by Greg Whalley on the draft..
I am sending you a copy in a few minutes.
Vince
From: Sheila Walton/ENRON@enronXgate on 03/06/2001 06:05 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: RE: Contract update
Vince, if there are some differences that we need to correct, you and I can
meet tomorrow when you bring the contract in. I am available anytime after
lunch. Please call me at X30649.
Sheila
-----Original Message-----
From: Kaminski, Vince
Sent: Tuesday, March 06, 2001 3:10 PM
To: Sheila Walton/HOU/ECT@ENRON
Cc: Kaminski, Vince
Subject: Contract update
Sheila,
Some minor differences between the draft and the final executed version.
I have forgotten to bring the draft today, I shall send a copy to you
tomorrow.
There were some hand-written changes made by Greg ijn the draft that were not
transferred to
the final version.
Vince
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/27/2001
06:02 PM ---------------------------
Scott Salmon@ENRON
04/27/2001 01:27 AM
To: Amitava Dhar/Corp/Enron@ENRON
cc: Mike Mumford/LON/ECT@ECT, Eric Kirkpatrick/EU/Enron@Enron, Iris
Mack/ENRON@enronXgate, Vasant Shanbhogue/Enron@EnronXGate, Vince J
Kaminski/HOU/ECT@ECT, Craig Chaney/Enron@EnronXGate
Subject: Re: Short Term Private Firm Model: Static historical
snapshot+performance data for model development
Amitava,
Thank you for the detailed info on the required data and thoughts on its
scope. I'll discuss it with Mike and Eric this morning. Also agree that
we'll almost assuredly save money in the long run by building a more robust
model off more comprehensive data to start with.
Cheers,
Scott
Amitava Dhar
26/04/2001 21:23
To: Mike Mumford/LON/ECT@ECT, Eric Kirkpatrick/EU/Enron@Enron, Scott
Salmon/EU/Enron@Enron
cc: Iris Mack/ENRON@enronXgate, Vasant Shanbhogue/Enron@EnronXGate, Vince J
Kaminski/HOU/ECT@ECT, Craig Chaney/Enron@EnronXGate
Subject: Short Term Private Firm Model: Static historical
snapshot+performance data for model development
Mike, Scott, Eric,
After brainstorming and discussing further on data here, we think that our
final specifications for modelling data requirement need to be as follows:
We need bankrupt, default and nondefault (which covers nonbankrupt) accounts
with 4 quarterly observation snapshots and 12 months performance following
the latest snapshot. Monthly performance indicator need to be available for
the entire 12 months performance period. We will need all the bankrupt and
default accounts and comparable sample of good accounts with weights.
For the purpose of model validation, we will need data with above specs
covering 16 months of performance. This means that we will need rolling (4
quarterly snapshots + 12 months performance) data for 4 monthly shifts:
Input snapshots Performance
1999 March end, 1999 June end, 1999 September end, 1999 December end 12
month end performance for Jan 2000 through Dec 2000
1999 Feb end, 1999 May end, 1999 August end, 1999 November end 12 month
end performance for Dec 1999 through Nov 2000
1999 Jan end, 1999 Apr end, 1999 July end, 1999 October end 12 month end
performance for Nov 1999 through Oct 2000
1998 December end, 1999 Mar end, 1999 June end, 1999 September end 12
month end performance for Oct 1999 through Sep 2000
We will need bankruptcy chapterwise indicator, if available during the
performance period. Our definition of default is either bankruptcy or 90+
days delinquency on any trade credit.
We have also discussed the cost aspect and we think considering the big
picture, it makes sense to spend the extra amount to get the right data for
analysis.
Please let me know your thoughts. This will require D&B to give us a
modified quote and we could possibly move forward quickly.
Regards,
Amitava
|
FYI
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/24/2000
03:28 PM ---------------------------
Clayton Vernon @ ENRON
10/20/2000 09:30 AM
To: Vasant Shanbhogue/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: enron's new weather system, courtesy the research dept.
V
Last night, I tested our new system for real-time surveillance and messaging
of the weather, and it delivers the data to desktops throughout the building
more than 6 1/2 minutes before the National Weather Service updates their
webpages. Our current technology was web-scraping these pages via ftp, then
parsing into a database. The impact of these 6 1/2 minutes for the hourly
power traders is enormous- the weather stations upload their data around 53
minutes after the hour, and we can now receive them within 2 minutes later.
We can now re-estimate our nonlinear stack model before the top of the hour,
when hourly power trading begins. Otherwise, we would not have model results
until around 15 minutes after the hour. Notably, hourly power trading is, for
all intents and purposes, concluded by then (they trade for 10-15 minutes and
manage the scheduling for the next 30 or so miutes). So, effectively, we may
now be one *hour* ahead of where we were just a few days ago, in terms of
information. People are very excited up here, from the CTO on down- thanks
for letting it happen.
C
|
Larry,
Thanks. Can you forward the resume to Mike and/or other finance professionals
in Enron
who could use James?
Vince
Larry Lawyer@ENRON
11/21/2000 03:10 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: TAGE Resume Submittal
Vince,
Thanks for forwarding the resume. We have generally had great success with
ex-Koch people.
He sounds might like he may be a good fit for Michael L. Miller in principal
investments. At this point
I have very recently inherited two other stron VPs from EI and therefore will
probably focus on a few
Manager and Associates for the near term but I would like to keep James'
resume for further opportunities.
He sounds like someone we should at least meet with and figure out a spot
within Wholesale Services.
What do you think?
Regards,
-Larry-
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/16/2001
05:24 PM ---------------------------
"Btu" <[email protected]> on 02/16/2001 04:47:53 PM
To: "Btu Weekly" <>
cc:
Subject: Btu Weekly
Attached is the latest issue of Btu Weekly.
e-mail: [email protected]
phone: 732-758-8222
fax: 732-758-8286
- wg021201.pdf
|
Elizabeth,
We would like to invite Bob Lee for an interview, January 24, Monday.
He will be interviewed by me, Stinson Gibner,
Zimin Lu, Paulo Issler, Vasant Shanbhogue, Krishnarao Pinnamaneni,
Grant Masson.
Thanks
Vince
|
Rachel,
I would like very much to interview Howard but I am in
Philadelphia on Tuesday.
Vince
|
Becky,
I gave the %% for EGM to Shirley. I assume she communicated this info to you
already.
I assume EGM includes F/X - I/R (Gary Hickerson), weather, insurance (Jere
Overdyke),
oil trading and coal.
For CALME I don't have any info. Let's split the cost evenly.
Vince
Becky Pham
11/02/2000 02:11 PM
To: Shirley Crenshaw/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Research allocation
Shirley,
GRM is now with EGM group. EGM wants to verify that the 17.5% we are going
to allocate to GRM is for the Insurance, Jere Overdyke group. EGM seems to
think that their Weather, Mark Tawney group, is receiving support from
Research. Also, can we break out the support for CALME? CALME is going to
split into 3 BUs and I am trying to determine who I need to bill for Research
supports. If you have any questions, call me. Thanx.
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/15/2000
05:04 PM ---------------------------
"Btu" <[email protected]> on 12/15/2000 04:53:24 PM
To: "Btu's Weekly Power Report" <>
cc:
Subject: Btu's Weekly Power Report
Attached is the latest issue of Btu's Weekly Power Report
e-mail: [email protected]
phone: 732-758-8222
fax: 732-758-8286
- wp121800.pdf
|
Shirley,
Did we renew it?
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2001
03:31 PM ---------------------------
Institutional Investor Journals <[email protected]> on 04/19/2001
11:03:59 AM
To: "[email protected]" <[email protected]>
cc:
Subject: Continue Enjoying IIJournals -- Renew Today!
Dear Vince Kaminski,
We hope you are enjoying the benefits of receiving market-leading, rigorous
and current research from industry experts through your subscription to
DERIVATIVES QUARTERLY.
Unfortunately, your subscription is about to expire! By renewing now, your
access to the web site and to your print copies will be uninterrupted.
You can continue to get the exclusive research and practical advice for
financial practitioners ) written by the best minds in your business!
Click here to Renew Today
http://www.iijournals.com/account/myaccount.asp
Thank you.
|
Thanks
Vince
Clayton Vernon@ENRON
04/04/2000 09:51 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Status of Pipeline Construction Projects Information
Vince-
I just did :)
Clayton
|
Charlene,
I coordinate my schedule with Ashley Baxter from your organization, who is
responsible
for recruiting at Berkeley. I have talked to her about this presentation a
few times. As you can see,
she is on the distribution list.
The presentation is scheduled for the 23rd of October. We have tried to
combine the presentation with
another recruiting trip, but we have to many conflicting schedules.
Vince
Charlene Jackson@ENRON
09/18/2000 02:34 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Presentation to faculty and students at Berkeley
Vince when is your presentation scheduled? I can get someone from my group
but since the recruiters are all on the road I would need a date so that they
or I could coordinate with you. Thanks
Vince J Kaminski@ECT
09/18/2000 01:26 PM
To: Steven J Kean/NA/Enron@Enron
cc: Charlene Jackson/Corp/Enron@ENRON, Celeste Roberts/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Ashley Baxter/Corp/Enron@Enron
Subject: Presentation to faculty and students at Berkeley
Steve,
I am a lead recruiter at the University of California at Berkeley for
Enron Analyst/Associate program.
I contacted several friends who work at Berkeley and received an invitation
from one of them to make a presentation at the weekly Faculty Seminar
of the Dept. of Industrial Engineering and Operations Research.
The students and faculty members from the business school will be also
invited.
Berkeley in general, and Department of Industrial Engineering and Operations
Research in
particular, are important centers of academic research on electricity markets
(S. Oren works very closely with Severin Borenstein).
My presentation will focus on the Analyst/Associate program. I shall also
have
an opportunity to discuss the power markets in California (I expect many
questions) before many experts who are very important to shaping
public opinion and regulatory agenda.
Please, let me know who in you group could help me in preparing this
presentation
and in presenting Enron's point of view in a more effective way.
Vince
FYI. The name of my friend who invited me:
Shmuel S. Oren, Professor
Dept. of Industrial Engineering
and Operations Research
4117 Etcheverry Hall
University of California
Berkeley, CA 94720-1777
|
Dear Professor Huntington,
Thursday 10 a.m. works for me.
Please, let me know where I can meet you.
I am attaching my itinerary, so that you can contact me
if necessary
.
My cell phone number is 713 410 5396.
Vince Kaminski
|
Bryan,
Congratulations. I am very happy your contribution to the company and team
building spirit has been recognized.
Vince
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2000
04:13 PM ---------------------------
Anjam Ahmad
03/30/2000 09:45 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Stinson Gibner/HOU/ECT@ECT, Dale Surbey/LON/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT
Subject: Tele-Conference from Oslo
Hi Vince,
As requested, I sent you an invitation (3pm Houston time Monday) for the
summary review of the half-hourly forward vol curve method plus review of
recent projects (e.g. inflation book, EnergyDesk.com, Weather desk update,
emerging market in Continental power market options and Global Products
exotics). Look forward to catching up with you then. I also sent you a
tentative list of meetings that I will be having in Oslo.
Regards,
Anjam
P.S. The telephone number is 47 2321 2000 Grand Hotel, Oslo and my mobile
number is 07747 868131
|
Tanya,
Another thought.
Should Vincent go as well?
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/22/2000
09:52 AM ---------------------------
Vince J Kaminski
05/22/2000 08:10 AM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc:
Subject: Executive Program on Credit Risk Modeling
FYI
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/22/2000
08:12 AM ---------------------------
"Kashiwamura, Shelby" <[email protected]> on 05/18/2000
02:03:19 PM
To: "Isero, Alicia" <[email protected]>, "Kashiwamura, Shelby"
<[email protected]>
cc: (bcc: Vince J Kaminski/HOU/ECT)
Subject: Executive Program on Credit Risk Modeling
Subject: ANNOUNCEMENT: Executive Program on Credit Risk Modeling
Credit Risk Modeling for Financial Institutions
October 15 - 20, 2000
At Stanford University Business School
Risk management specialists, Stanford Business School professors of finance
Darrell Duffie and Kenneth Singleton will be repeating their successful
executive program on Credit Risk Pricing and Risk Management for Financial
Institutions. The course is created for risk managers, research staff, and
traders with responsibility for credit risk or credit-related products,
including bond and loan portfolios, OTC derivative portfolios, and credit
derivatives.
This program includes:
* valuation models for defaultable bonds, OTC derivatives, and credit
derivatives, with empirical applications to corporate and sovereign markets
* empirical and theoretical assessments of models for measuring credit
risk, with correlation, for portfolios
* the strengths and limitations of current practice in credit risk
measurement
* practical issues in implementing credit modeling and risk systems
* estimation of default and transition probabilities, and the
correlations among the default risks of publicly traded companies, from
historical data
___________________________________________________________
Application Form:
Credit Risk Modeling for Financial Institutions
Stanford, October 15 - 20, 2000
This form may be completed and returned by email, or may be printed and sent
by fax to:
Stanford GSB Executive Education Programs
Fax Number: 650 723 3950
You may also apply and see more detailed information by visiting our web
site at:
www.gsb.stanford.edu/exed/crm
Applications will be acknowledged upon receipt. If you have not received an
acknowledgement within two weeks, please contact us.
Please complete all sections. All information is kept strictly confidential.
Name:
Put an x beside one, please: Male: Female:
Citizenship:
Job Title:
Company:
Your company's main activity:
Business Mailing Address:
Business Phone (all codes please):
Business Fax :
Email Address:
Home Address:
Home Phone:
Nickname for identification badge:
Emergency Contact Name:
Emergency Contact Phone:
Title of person to whom you report:
Your job responsibilities and experience related to this course: (Please
provide a brief job summary here, or attach and send a biographical summary
containing information relevant to your purpose and qualifications for the
course.)
College or University Education: please list, by degree:
College or University Dates Degree Granted
_________________ _____ _____________
_________________ _____ _____________
Please note:
All classes and discussions are conducted in English.
In order to reserve a place in the course, the program fee of US$7,500 is
due upon notification of acceptance. This fee covers the tuition, single
room, meals, and all course materials (including a proprietary manuscript on
credit risk pricing and measurement).
Our refund policy is available upon request.
Please state the source from which you heard about this course:
Name and Date:
If you would like a hard copy brochure and application form, please contact:
(make sure to include your MAILING ADDRESS)
Shelby M. Kashiwamura
Program Manager
Executive Education
Stanford Graduate School of Business
(650) 723-9356 Phone
(650) 723-3950 Fax
[email protected]
|
Guillermo,
I am currently in Sydney with no access to my data base.
You can find the info you need at www.riskbooks.com.
Vince
Guillermo Canovas@ENRON
07/14/2000 04:49 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: May 9/10, 2000 Seminar
Thank you very much. Who should we contact at Energy and Power Risk
Management? Is this at Enron or outside? Do you have a telephone number?
Thanks again.
Regards
Guillermo
Vince J Kaminski@ECT
07/14/2000 01:53 PM
To: Guillermo Canovas/SA/Enron@ENRON
cc:
Subject: Re: May 9/10, 2000 Seminar
Guillermo,
My slides are attached. There were many other speakers at this conference.
You can purchase the documentation from Energy and Power
Risk Management.
Vince
Guillermo Canovas@ENRON
07/11/2000 10:44 AM
To: Vince J Kaminski/HOU/ECT@ECT, Vince J Kaminski@ECT
cc:
Subject: May 9/10, 2000 Seminar
My name is Guillermo C?novas, and I am Regulatory and Government Affairs
Director for Enron Am,rica del Sur (Argentina).
I understand you spoke in a seminar that took place on May 9/10 where it was
discussed: 1) effective power price modelling; 2) applying a real option
approach for the valuation of power plants.
One consultant and researcher, who shares Enron's belief in open markets and
competition (and therefore is helping us to open Argentine energy markets),
asked me if we could send him a copy of the booklet or slides that you and
other speakers presented during the seminar.
If this is feasible, I would appreciate if you could send a copy of the
material to me at Enron Am,rica del Sur, located at: Av. Eduardo Madero 900 -
Piso 17 (1106) - Buenos Aires - Argentina
Please, do not hesitate to contact me should you have any questions or
require further information. I can be reached at the following number:
5411-4891-3600
Sincerely,
Guillermo.
|
Kristin,
I shall be tied up with the Wharton group all day Friday.
I am forwarding the message to some members
of the Research Group. I hope some of them will be available.
Vince
P.S. To the Research Group. Can you, please, help Kristin?
Enron North America Corp.
From: Kristin Gandy @ ENRON 01/16/2001 02:03 PM
To: Alyse Herasimchuk/NA/Enron@Enron
cc: Vince J Kaminski/HOU/ECT@ECT, Ann Korioth/Enron Communications@Enron
Communications, Terry Yamada/Corp/Enron@Enron, Traci Warner/Enron
Communications@Enron Communications, Erik Simpson/HOU/ECT@ECT, Laura
Howenstine/Enron Communications@Enron Communications, Sarah
Wesner/Enron@EnronXGate
Subject: Re: Carnegie Interviews Super Friday
Okay group it is Tuesday and we have heard from no volunteers. We only need
30 minutes of your time. Is any one available on this Friday to interview?
Please Help!
Kristin
From: Alyse Herasimchuk 01/12/2001 03:55 PM
To: Vince J Kaminski/HOU/ECT@ECT, Ann Korioth/Enron Communications@Enron
Communications, Terry Yamada/Corp/Enron@Enron, Traci Warner/Enron
Communications@Enron Communications, Erik Simpson/HOU/ECT@ECT, Laura
Howenstine/Enron Communications@Enron Communications, Sarah Wesner/Corp/Enron
cc: Kristin Gandy/NA/Enron@Enron
Subject: Carnegie Interviews Super Friday
We have one last group of candidates coming in for final round interviews on
Friday, January 19th. We need Interviewers for half a day (9:00 am to 11:15
am). Please let me know if you can be available for the entire morning or
what times you could be available:
9:00 am - 9:30
9:35 am - 10:05
10:10 am - 10:40
10:45 am - 11:15
I appreciate any help you can offer in submitting names for those who may be
able to interview if you can not. Thanks!
Alyse Herasimchuk
Recruiting Coordinator
Associate / Analyst Program
57339
|
Shirley,
FYI
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/28/2000
04:19 PM ---------------------------
[email protected] on 02/12/2000 11:27:56 AM
To: [email protected]
cc:
Subject: Workshop
Dear Vince,
I would be delighted if you agreed to share with me
a one-day workshop before a major ICBI conference
in Berlin,on June 19.The topics would be similar;we
may add real options.Could you answer me BEFORE
Tuesday?
KInd regards
Helyette
|
Toni,
FYI.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/09/2000
11:12 AM ---------------------------
"Martin Jermakyan" <[email protected]> on 10/09/2000 10:55:34 AM
Please respond to "Martin Jermakyan" <[email protected]>
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Updated resume
Dear Vince,
Attached please find my upgraded resume. Look forward to hearing from you.
Regards,
Martin
- martin .doc
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/21/2001
01:20 PM ---------------------------
Kevin Kindall@ENRON
03/15/2001 10:51 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Project writeup
|
Erin,
A book by Martha Amram and Nalin Kulatilaka is an excellent
non-technical introduction to real options and it contains all the most
important
references to more advanced books and papers.
The book has an endorsement by Jeff Skilling on the cover page.
The Research Group offered several one-day seminars on real options
and applications to the energy industry. We still have a few binders with
the presentation materials available if you are interested.
We plan to repeat the seminar sometimes in the fall.
The first part of the seminar (about 4 hours in the morning) covers general
concept of real options
and their applicability to the energy business.
The second, more technical afternoon session, covers stochastic processes used
to model price uncertainty in the energy markets and specific case
studies (valuation of natural gas storage facilities and of peaking gas-fired
power plants).
The real options approach has been developed specifically to address the
problem of making
investment decisions under uncertainty. Nobody in this field claims that this
is a
perfect tool, but it represents a significant progress compared to other
techniques developed
earlier.
Discounted cash flow analysis that tries to incorporate uncertainty through
analysis of several, in most cases, arbitrary scenarios (most likely,
optimistic,
pessimistic). These scenarios don't identify explicitly the risk drivers
and don't specify the future proactive management decisions.
The real, option approach is very powerful because it allows to (1) capture
uncertainty in an explicit way and (2) to design investment projects that
allow to exploit future positive developments and reduce future exposures to
downside risk.
This approach allows also create a link between investment decisions and
future
operational decisions. Forward-looking investment decisions create options
that are exercised
in the future through active management of a project.
The real options technology relies heavily on advanced statistical tools to
come
up with the representation of future possible states of the world. The real
challenge is
to use these tools in a sensible way. I have seen in my career (almost 30
years
of applying mathematical tools to business and economic problems) many quants
armed with
powerful computers who reminded me of monkeys armed with hammers. The
challenge is not
to run mechanically thousands of simulations based on arbitrary assumptions
but to translate in a creative way the insights of people who understand
specific businesses
into parsimonious quantitative models. It is especially critical to
stress-test the assumptions
of any model and to ask the question if the outcome of a model depends
critically on any set of assumptions.
If this is the case one should use common sense to examine the underlying
assumptions.
I remember that in the early eighties quite a few models simulated the
dynamics of oil prices,
but all the stochastic scenarios represented fluctuations around a very
optimistic upward trend.
One would have been better off stepping back and asking a simple question
what Economics 101
teaches about cartels and the dynamics of supply and demand.
Enron North America Corp.
From: Erin Rice @ ENRON 06/27/2000 03:52 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Pre-submitted question on eSpeak
Good news! There is already a question waiting for your July 12 eSpeak
session. I have pasted it below, although you don't have to respond until
the actual event. Don't forget to send a bulleted list of discussion topics
if you would still like us to advertise the event on the elevator screens.
Thanks.
- er
submitted by breineck
I was doing some reading about the application of real options in the
evaluation of non-financial assets. Would you recommend any texts or articles
for a
more in-depth study of this area? Is quantification of risk or uncertainty
the major challenge in using this concept? Can statistical tools be used with
this to do
a sort of sensitivity analysis?
|
Zimin, Stinson
He seems to be really interested.
We should set up a formal interview for him.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/08/2000
03:04 PM ---------------------------
John Hou
02/08/2000 02:30 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: John Hou/HOU/ECT@ect
Subject:
Dr . Kaminski,
Thank you for giving me an opportunity to talk with you and Zimin. It's my
great pleasure to meet with you
and your group members.
I met Zimin last week. We had a wonderful talk. After our meeting, I handed
in him my current resume.
He may already forwarded my resume to you. If not, I will be very happy to
send you a copy.
By talking with you, Zimin and by attending your presentation yesterday at
UH, I find I am really interesting the
fields that you are working on . I am deeply impressed by the research works
your team have done and I am
looking forward I am able to become one of your members. I am also looking
forward to be able to do researches
under your guidance.
I strongly feel that your research department provides the kind of jobs and
environments that I have been looking
for a long time. My career objective matches your research fields and
directions. I believe my training in mathematics
and computer science will provide me some necessary backgrounds in energy
risk management . I am also sure that
by working with you, I can greatly expand my IT skills and experiences. I
also can learn tremendously from
you and your research teams.
Currently after finishing my programing work as an IT spcialist, I am
reading John Hull's book and try to catch up necessary
background in Finance and related fields. I am also readingyour "Managing
Energy Price Risk" book.
Thank you for giving me a copy of this book.
Again, thank you for giving me this opportunity and I am looking forward to
working in your team.
John Hou
713-853-1600
|
Shirley,
No problem.
Vince
Shirley Crenshaw
09/29/2000 02:13 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Vacation
Vince:
I would like to take a day of vacation next Friday, October 6th if it ok.
Anita will be here.
Thanks!
Shirley
|
Jim,
Thanks. I shall drop him an E-mail.
Vince
[email protected] on 07/27/2000 05:51:31 PM
To: [email protected]
cc: [email protected]
Subject: Allan Roberts eMail
Vince - It was a pleasure to meet you this afternoon. As promised, please
find
Allan's eMail address above. We look forward to working with Enron and MIT on
finding better ways to value companies.
If you have any questions, please feel free to contact me.
JIM
---------------------------------
James W. Petrie, Jr.
Knowledge Sharing Director
Energy Industry Knowledge Services Group
Arthur Andersen LLP - Houston Office
Voice ==> 713.237.2357, Fax ==> 713.237.5673
[email protected]
----------
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Internet email for messages of this kind. Opinions, conclusions and other
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firm shall be understood as neither given nor endorsed by it.
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/30/99
03:19 PM ---------------------------
[email protected] on 12/17/99 07:52:15 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Fwd: Revised: Organizational Changes
Return-Path: <[email protected]>
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From: "Vince J Kaminski" <[email protected]>
To: [email protected]
Message-ID: <[email protected]>
Date: Fri, 17 Dec 1999 15:17:32 -0600
Subject: Revised: Organizational Changes
Mime-Version: 1.0
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Content-Disposition: inline
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/17/99 03:
17
PM ---------------------------
(Embedded Enron North America Corp.
image moved
to file: From: Enron NA Office of the Chairman
pic13759.pcx) 12/16/99 10:22 AM
To: All Enron North America
cc:
Subject: Revised: Organizational Changes
To: Enron North America Corp.
From: Cliff Baxter and Kevin Hannon
In July, as part of the Enron North America (ENA) reorganization, the
implementation of several objectives were highlighted as critical to the
continued growth of ENA including: 1) accelerate the development of our
people,
2) significantly expand our customer network and associated markets, and 3)
accelerate and enhance the information flow between groups, both within ENA
and
across Enron. Consistent with these objectives and with the corporate goal of
fostering ?One Enron?, we would like to announce the following organizational
changes in the Coverage/Origination Groups and the Commercial Transactions
Group
within ENA.
1) Coverage/Origination:
To ensure a consistent strategy, the free flowing of resources and product
technology and the appropriate focus in the midstream and downstream
businesses,
the following coverage/origination groups will be consolidated under the
leadership of Dave Delainey :
a) the Eastern and Western U.S. Midstream Coverage/ Origination
groups which focus on energy, finance and power development solutions
for electric and gas utilities, municipals, co-ops, energy service
companies and IPP?s;
b) the Downstream Coverage/Origination groups which focus on
delivering a broad range of products and services to the heavy
industrial customers including pulp and paper, chemicals, plastics,
refined products, metals and mining, heavy manufacturing, industrial
gases, fertilizers, transportation, textiles and glass manufacturing
the
Eastern and Western U.S. Midstream Coverage/ Origination groups which
focus on energy, finance and industries.
Downstream Coverage/Origination
As energy deregulation continues in North America, it is becoming clear that
the
heavy industrial segment will be an important customer market for both ENA and
Enron Corp. Further, it is clear that ENA can significantly expand its
industrial customer network and create more innovative industrial solutions by
having a group that can deploy all the capabilities of Enron Corp. Against
this
backdrop, the Downstream Coverage/Origination function will expand its product
offering to include not only ENA?s existing energy commodities, energy
services,
finance, assets and pulp and paper capabilities but also EES?s energy
outsourcing capability and Global Fuel?s chemicals, plastics and refined
products risk management capability. These additional capabilities will be
offered in conjunction with EES and the Global Fuels groups. Given the size
and
importance of this Enron initiative, Greg Piper will be returning from
Portland
to manage this business. Under Greg?s leadership, the Downstream Origination
effort will be segmented into three sub-groups given the nature of these
industries and our product offering:
a) Pulp and Paper ? Edward Ondarza will continue to manage the
coverage activities in the Pulp and Paper business. This group will be
responsible for the provision of innovative
products and services in the pulp and paper industry including the
provision of paper risk management products;
b) Chemicals, Plastics and Refined Products ? We have asked Jim
Ajello to lead the coverage activities in this business. This group
will be responsible for the provision of innovative products and
services in the chemicals and refined products industries;
c) Non-Integrated Industrials ? Bruce Garner, formerly leader of
Bankers Trust?s global metals and mining group in London, has joined
ENA
to lead the coverage activities in this business. This group will be
responsible for the provision of innovative products and services for
the metals and mining, heavy manufacturing, industrial gases,
fertilizers, transportation, textiles and glass manufacturing
industries.
Midstream Coverage/Origination
a) Eastern Coverage/Origination ? This group? activities will
focus
on energy, finance and power development solutions for electric and
gas
utilities, municipals, co-ops and energy service companies in the
Eastern Interconnect. We have asked Janet Dietrich to assume the
leadership of this group;
b) Western Coverage/Origination ? This group?s activities will
focus on energy, finance and power development solutions for electric
and gas utilities, municipals, co-ops and energy service companies in
the WSCC. They will also continue to manage all Qualified Facilities
(QF) restructuring opportunities in the Western U.S. We have asked
Chris Calger to assume the leadership of this coverage group. Chris
will
relocate to Portland from Calgary where he currently leads the
Canadian
downstream origination efforts;
c) IPP Merchant Coverage/Origination ? This group?s activities
will
focus on the provision of structured energy, finance and asset
solutions
for the emerging merchant power generators who control large
portfolio?s
of merchant power generation either through development or
acquisition.
We have asked Mike Miller to assume the leadership of this group. In
addition, Mike will continue to manage the power development
activities
in the Eastern Interconnect;
d) Eastern QF Restructuring ? This group will focus on the QF
restructuring opportunities in the Eastern Interconnect including the
existing restructuring and re-capitalization of the East Coast Power
assets. We have asked Dave Duran to assume the leadership of this
business. Greg Blair, formerly of Enron Asia?s development group, Doug
Clifford, formerly of Citizens power, and Dick Lydecker, formerly of
Cogen Technology, will join this newly formed business.
2) Commercial Transactions:
The Commercial Transactions Group (CTG), co-headed by Ray Bowen and Jeff
Donahue, was formed to provide a centralized resource for the execution of
transactions within ENA ? and thereby, improve ENA?s efficiency in executing
transactions and free-up the origination groups to increase their intensity of
client coverage. CTG consists of six primary functions: Transaction
Development, Capital Structuring and Portfolio Management, Commodity
Structuring
and Transportation, Transactional Support/Accounting, Technical Analysis and
Upstream Asset Management.
The Transaction Development Group will be responsible for deal leadership,
execution and optimization of all aspects of a transaction in conjunction with
the originator. The function will be divided into four teams, each of which
will
be dedicated to between two and four origination groups. This dedication to
specific groups should provide a closer link, better service and greater
accountability with the origination groups; however, the CTG resources are
designed to be a fungible and flexible resource allocated to the highest value
transactions across the coverage functions:
a) Midstream Transaction Development will be dedicated to the
Eastern and Western Coverage/Origination Groups. The senior members
of
this group include Billy Lemmons, George McCormick, Erin Norris and
Russ
Porter. Billy Lemmons joined Enron in 1992. Most recently, he was the
Vice-President of Capital Structuring and Risk Management for EES.
Russ
Porter joins us today from Dynegy where he was a manager with
responsibilities for power origination.
b) Downstream Transaction Development will be dedicated to ENA?s
industrial origination efforts in Pulp and Paper, Petrochemicals and
Refining, Environmental Energy, Metals and Mining and other industries
as coverage is established. The senior members of this team include
Rodney Malcolm, Jay Boudreaux, Finley Biggerstaff and Chris Helfrich.
We anticipate announcing two to four more additions to this team
within
the next few weeks.
c) Generation Transaction Development will be dedicated to the
IPP
Merchant Services and power plant development and QF Restructuring
groups. The senior members of this team include Thomas Suffield, Andy
Kelemen, Kelly Mahmoud and John House. Thomas Suffield joined Enron in
1996. Most recently, he was the Vice-President of Origination for the
Latin American group in Azurix. We anticipate announcing two more
additions to this team within the next few weeks.
d) Upstream Transaction Development will be dedicated to the
Producer Finance, Coal and Gas Assets groups. The senior members of
this team include Brad Dunn, John Curtin and Chris Hilgert. We hope
to
announce the addition of at least one VP to this group prior to
yearend.
Ray Bowen will have primary oversight responsibilities for the Upstream and
Downstream Transaction Development teams with Jeff Donahue having primary
responsibilities for the Midstream and Generation teams. Andrea Reed will
continue to head Capital Structuring and Portfolio Management: all junior
commercial resources within the Transaction Development teams will have dual
responsibilities to both their Transaction Development teams and to the
Capital
Structuring Group. The remaining four groups within CTG will remain largely
unchanged. In addition, the Origination and the Transaction Development teams
and their respective origination groups will be located together.
We believe that these changes will significantly enhance our market coverage
and
industry knowledge in all ENA?s markets particularly in the industrial
markets.
It will also provide a closer partnership and accountability between the
Coverage/Origination Groups and the CTG Groups.
Please help us in continuing to build on the success we have enjoyed in North
America by working with us to implement these changes.
- pic13759.pcx
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/10/2000
08:27 AM ---------------------------
[email protected] on 07/10/2000 01:55:32 AM
To: [email protected], [email protected], [email protected]
cc:
Subject: Check out http://info.internet.isi.edu/in-notes/rfc/files/rfc1607.txt
Here is the RFC that was written in 1994 about the Internet of 2020 I
mentioned.
I hope you find it as enlightening as I did, and enjoy it as well.
<A HREF="http://info.internet.isi.edu/in-notes/rfc/files/rfc1607.txt">Click
here: http://info.internet.isi.edu/in-notes/rfc/files/rfc1607.txt</A>
MAK
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/01/2000
04:16 PM ---------------------------
From: Shalesh Ganjoo@ENRON COMMUNICATIONS on 11/07/2000 10:03 AM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
cc: [email protected], Martin Lin/Contractor/Enron
Communications@Enron Communications, Shalesh Ganjoo/Contractor/Enron
Communications@Enron Communications
Subject: Technical Survey
Gentlemen,
We are attaching below a document on Internet Protocol (IP) written by
Martin. We hope you will find it informative and provide us with some feed
back to improve it. Shalesh is still working on documents for fiber optics
and storage. We felt that they were not complete and therefore not ready for
review. We hope to have them ready for your review soon. In the mean time
we would appreciate any comments you may have about the IP document. Thank
you.
Sincerely,
Shalesh and Martin
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/12/2001
01:47 PM ---------------------------
[email protected] on 01/12/2001 09:37:05 AM
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cc:
Subject: Forbidden and Secret Internet Files & Reports 83
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|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/23/2001
06:59 PM ---------------------------
"John D. Martin" <[email protected]> on 03/21/2001 04:50:50 PM
To: [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected]
cc:
Subject: Good afternoon
Just a reminder to you to get your room reservations at the Marriott in San
antonio taken care of before March 27th. This is the deadline for our
reduced room rate.
Thanks
john
p.s. I appologize to those of you who received a similar message this
morning. We have recently updated our mailing list and wanted to make sure
everyone got the word.
John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
[email protected]
web: http://hsb.baylor.edu/html/martinj/home.html
|
Martin,
It's OK for Walter to use remaining hours. No real cost to Enron,
just the benefits.
Vince
From: Martin Lin@ENRON COMMUNICATIONS on 10/09/2000 03:06 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: power flow software question
Walter Coffer contacted me regarding whether we still have power flow
software available. We do have almost all of a 200 execution-hour license
for PSS/E, which was purchased for the transmission congestion project last
summer. This was purchased by East Power Trading. Should Walter want to use
the remaining hours, who has authority to grant this?
Thanks,
Martin
|
Stinson,
This is the request I got from RISK.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/10/99
01:11 PM ---------------------------
"Helen Evans" <[email protected]> on 12/06/99 10:29:39 AM
Please respond to "Helen Evans" <[email protected]>
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: New EPRM Speakers
Vince,
I'm currently looking to broaden EPRM's speaker base and would like to find a
speaker for a training course I am producing on the Monte Carlo technique. I
was wondering if you might be able to recommend somebody new from Enron who
might like to speak on this subject. I'd really appreciate any help you could
give me.
Many Thanks
Helen Evans
Producer, EPRM Conferences & Courses
- att1.htm
|
Grant,
Your call. Any day would work for me.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/29/2000
03:15 PM ---------------------------
Sevil Yaman <[email protected]> on 02/29/2000 12:17:44 PM
To: [email protected]
cc: [email protected]
Subject: Re: Thank You
Dr. Kaminski,
I can stop by any Thursday or Friday to meet Grant. I think that will
be great for me to understand better what you are doing in your group
and I will be doing this summer. Could you let me know which day would
work for you, please?
Sevil Yaman
Department of Economics
University of Houston
Houston, TX 77204-5882
(713) 743-3814 / 3817
On Thu, 24 Feb 2000 [email protected] wrote:
>
> Sevil.
>
> We are looking forward to having you here.
> If you want, you can stop by one day and I shall introduce you
> to Grant Masson with whom you will be working this summer.
>
> Vince
>
>
>
>
>
> Sevil Yaman <[email protected]> on 02/23/2000 10:09:30 AM
>
> To: [email protected]
> cc:
> Subject: Thank You
>
>
>
> Hi Dr. Kaminski,
>
> Yesterday, I learned from Shannon Rogers at the associate-analyst program
> that I was offered a summer associate/internship position in your group. I
> am already very excited about this position and look forward to working in
> your group. Many thanks for your consideration.
>
>
> Sevil Yaman
> Department of Economics
> University of Houston
> Houston, TX 77204-5882
> (713) 743-3814 / 3817
>
>
>
>
>
>
>
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/21/2000
05:33 PM ---------------------------
Li Sun@ENRON
12/21/2000 01:36 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Total Return Swap
Hi, Vince,
Please see attached the updated Total Return Swap deals.
All the best!
Li
|
Kathy,
What is EMBANET? Do I have access from the outside?
Vince Kaminski
Kathy Spradling <[email protected]> on 01/11/2001 11:01:48 AM
To: (Recipient list suppressed)
cc: [email protected], [email protected], [email protected]
Subject: Spring 2001 Schematic
Spring 2001 Faculty,
The Spring 2001 Schematic has been posted to EMBANET. To access the
Schematic please open the JGSM Area icon on the EMBANET desktop. Next
please open the Announcement JGSM icon. You will find the Spring 2001
Schematic located under the Subject column. Please open the document. If
you do not have access to EMBANET you will need to speak with David Kilgore
at [email protected] or by calling David at 713-348-5378.
Thanks,
Kathy
Kathy M. Spradling
MBA Program Coordinator
Jesse H. Jones Graduate School of Management
Rice University
6100 Main Street, MS 531
Houston, Texas 77005-1892
Phone: (713) 348-3313
Fax: (713) 348-5251
Email: [email protected]
http://www.rice.edu/jgs
E-mail: [email protected]
http://www.ruf.rice.edu/~jgs/
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/21/2001
02:51 PM ---------------------------
"JGSSDG" <[email protected]> on 02/21/2001 10:20:59 AM
To: "jones news" <[email protected]>
cc:
Subject: Request to Submit CVs Electronically to Update Web Page
Dear Jones School Faculty,
The Office of Public Relations would like to update your faculty web page on
the Jones School website
http://jonesgsm.rice.edu/content/content.cfm?PageID=121. Please send
electronically your most current resume to [email protected] and we will
update your web page accordingly.
Please let me know if you have any questions, concerns.
Best regards,
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
::::::::::::
Maileen Hamto
Assistant Director of Public Relations
Jones Graduate School of Management -MS 531
Rice University
P.O Box 1892
Houston, TX 77251
Ph: 713-348-6364
E-mail: [email protected]
Web: http://jonesgsm.rice.edu
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
:::::::::
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/10/2000
05:19 PM ---------------------------
Lenos Trigeorgis <[email protected]> on 03/09/2000 08:15:33 PM
To: [email protected]
cc: [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], Vince J Kaminski/HOU/ECT@ECT, [email protected],
[email protected], [email protected], [email protected],
[email protected]
Subject: Last reminder for slides/bio
This is a last-minute reminder send us all of the following (to be included
in the conference package for the participants):
a. Copy of the transparencies/slides for your talk
b. A one paragraph (10-15 line) bio description
c. A one paragraph (10 line) abstract and 4 one-liner bullet points
There are still missing items in your case. As tomorrow is our last day
before travelling over the Atlantic, and the material still needs to be
organized and sent to a copier to make 100 copies in time, we ask that you
send us the missing items by tomorrow latest.
We appreciate your collaboration in preparing a professional conference for
our corporate colleagues.
Lenos
PS If for any reason you have to send us something after Friday, please cc to
[email protected]
Lenos Trigeorgis
Professor of Finance
University of Cyprus
Dept of Business
75 Kallipoleos, PO Box 20537
CY 1678 Nicosia CYPRUS
Tel: +357 2 892261
Fax: 339063
|
Sevil,
Grab me on Monday.
Vince
Sevil Yaman@ENRON
07/07/2000 01:33 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: PJM bidding study
Hi Vince,
Can we talk about the bidding study that I am working on anytime on Monday? I
may need some more direction to move on. Thanks.
Sevil,
|
Zimin,
Can you call Cantekin to discuss the details?
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/19/2000
08:44 AM ---------------------------
Vince J Kaminski
09/18/2000 05:50 PM
To: <[email protected]>
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: part-time work
Cantekin,
I shall call you tomorrow to discuss the details.
Vince
"Cantekin Dincerler" <[email protected]> on 09/18/2000 02:59:41 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: part-time work
Hi Vince,
I promised to get back to you on the part-time work issue. Sorry for the
delay, I got back to Austin only last week. I talked to Ehud about this and
he is OK with it. Just wanted to let you know.
Best,
---------oOOo-----oOOo----------
Cantekin Dincerler
Doctoral Candidate
The University of Texas at Austin
Graduate School of Business
Department of Finance
office: (512) 471-1676
fax : (512) 471-5073
home : (512) 472-5356
cell : (512) 680-5355
http://uts.cc.utexas.edu/~cantekin
-------------oooO-----Oooo----------
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/30/2001
11:39 AM ---------------------------
"Scarbeko" <[email protected]> on 01/30/2001 02:47:57 AM
To: <[email protected]>
cc:
Subject: praca dyplomowa Waldemar Mr?z V Edycja MBA
?
- Kontroling.doc
|
Stinson,
No problem.
Vince
Stinson Gibner
05/10/2000 10:17 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: 1/2 day off
Vince,
I am planning to attend my monthly director's meeting in Spearman, TX, on
Tuesday, May 16.
I would also like to take 1/2 day of vacation on the morning of Wednesday,
May 17, and plan to be back in the office after lunch.
thanks,
Stinson
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/02/2001
07:49 AM ---------------------------
Enron North America Corp.
From: William Smith @ ENRON 04/02/2001 07:09 AM
To: Cary M Carrabine/Corp/Enron@Enron@ECT, Richard
Tomaski/Corp/Enron@Enron@ECT, Lee Fascetti/Corp/Enron@Enron, Paul
Burgener/Corp/Enron@ENRON, James Simpson/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT,
Caroline Abramo/Corp/Enron@Enron, Candace Spencer/CAL/ECT@ECT, Terri
Brian/CAL/ECT@ECT, Lisa McIsaac/CAL/ECT@ECT, Carlee Gawiuk/CAL/ECT@ECT,
Gregory Schockling/Corp/Enron@ENRON, Ragan Bond/Corp/Enron@ENRON,
[email protected], Brad Horn/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT,
Jonathan McKay/CAL/ECT@ECT, Jean Mrha/NA/Enron@Enron, Sunil
Dalal/Enron@EnronXGate, Stephanie Miller/Corp/Enron@ENRON, Charles
Varnell/NA/Enron@Enron, Tyrell Harrison/NA/Enron@Enron, Kevin G
Moore/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Theresa
Staab/Corp/Enron@ENRON, Nicole Cortez/NA/Enron@Enron, Gregory
Schockling/Corp/Enron@ENRON, Ragan Bond/Corp/Enron@ENRON,
[email protected], Brad Horn/HOU/ECT@ECT, Jeff Nielsen/Enron@EnronXGate,
Mike Barry/Enron@EnronXGate, Michael Nguyen/Enron@EnronXGate, Joseph
Hrgovcic/Enron@EnronXGate, Rajib Saha/Enron@EnronXGate, Brando
Hayden/HOU/ECT@ect, Todd Kimberlain/Enron@EnronXGate, David
Ryan/Corp/Enron@ENRON, Todd DeCook/Corp/Enron@Enron, Andy
Pace/NA/Enron@Enron, Dean Sacerdote/NA/Enron@Enron, David J
Botchlett/HOU/ECT@ECT, Bill F Briggs/HOU/ECT@ECT, Phil Clifford/HOU/ECT@ECT,
Jim Goughary/HOU/ECT@ECT, Mario de la Ossa/NA/Enron@ENRON
cc:
Subject: Morning Report for 2 Apr.'01
|
Ian,
I shall ask our lawyer to prepare a standard
non-disclosure agreement.
As soo as it is executed,
I shall send you a copy of the binder.
Please, don't distribute it: It's an internal document.
By the way, when is your trip?
Vince
"MacMillan, Ian" <[email protected]> on 02/04/2001 09:59:18 AM
To: "'[email protected]'" <[email protected]>
cc:
Subject: Real Options
Hi!
When we last spoke you mentioned that you have workshops on real options at
Enron.
Is there any chance that I could see the materials that you use? I would
like to prepare for a visit to your HQ, which would probably be more
effective if I knew more about what approaches your people are using.
This material would be treated with strict confidentiality and I would be
happy to sign any confidentiality agreements
|
Vasant
Any interest?
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/01/2000
03:07 PM ---------------------------
[email protected] on 06/01/2000 11:43:18 AM
To: <Undisclosed-Recipient:;@mindspring.com;;>
cc:
Subject: IAFE DOT.COM EVENT
The International Association of Financial Engineers (IAFE) is pleased to
invite
you to attend the following event, sponsored by the IAFE Committee on
Financial
Modeling and Technology.
------------------------------------------------------------
June 12, 2000. New York City.
<Financial_Engineering.com>
Financial Engineers in the dot.com World
Huge, parallel shifts in financial technology and business models
are being driven by financial engineers and technologists in Silicon
Alley and East Coast environs.
Many have started firms in electronic and internet trading, risk management,
and investments, or are leading the eCommerce charge within
established financial institutions. Leading technology firms also provide
the financial community with paradigm-shifting solutions. Hear their
experiences and success stories in this late afternoon session, followed by
open bar cocktails and hors d'oeuvres.
Chairperson: Cris Conde,? IAFE Board Member and president & COO, SunGard
Speakers:
- Mike DeAddio, Chief Technology Officer, Cygnifi
- Rich Tannenbaum, president/founder, Savvysoft
- Francis Wenzel, Director, Marketing & Innovation, Exchange Market
Systems/Brokerware
- Axel Kramer, Co-Chair of Technical Committee, FpML, and president/founder,
2far.com
- Rich Cancro, Director, Business Development, DLJdirect
4:00 PM to 8:00 PM. Lighthouse International, 111 East 59th Street, New
York, NY
Tickets are $50 at door ($75 to non-IAFE members, with $25 applicable to IAFE
membership)
RSVP to <[email protected]>
-----------------------------------------------
This event promises to be a great opportunity to interact with a wide range
of
professionals driving the financial industry's rush to the dot.com era.
If you have any questions, please contact me at 1.212.317.7483.
Best regards,
Mack Gill
IAFE Board Member and Co-Chair, Committee on Financial Modeling and
Technology
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/28/2000
05:32 PM ---------------------------
"Chris Strickland" <[email protected]> on 06/28/2000 04:48:36 AM
Please respond to "Chris Strickland" <[email protected]>
To: "VinceJKaminski" <[email protected]>, "Grant Masson"
<[email protected]>
cc: "Julie" <[email protected]>, "Les" <[email protected]>
Subject: Re: chapter 3
Gentlemen,
Thankyou for your fine effort. I'll e-mail thru Thurs eve (Sydney time) what
we have done to incorporate it into our material (which wasn't toooo
painful) to see if it is OK with you. A couple of quick questions though.
Vince - your section had a number of footnote numbers, but no actual
footnotes - can you please resend them?
Grant - I agree it would be good to have the final figure. What happens if
you plot the historical data and the simulations on the same graph - but
with different axis?
Many thanks and best regards.
Chris.
|
Hello,
This is the presentations I have promised.
Please, send me your fax # for more info.
Vince Kaminski
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/21/2000
05:27 PM ---------------------------
Shirley Crenshaw
12/21/2000 02:47 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Tanya
Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT,
Maureen Raymond/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo
Issler/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON, Alex
Huang/Corp/Enron@ENRON, Kevin Kindall/Corp/Enron@ENRON, Kevin G
Moore/HOU/ECT@ECT, Clayton Vernon/Corp/Enron@ENRON, William
Smith/Corp/Enron@ENRON, Jose Marquez/Corp/Enron@ENRON, Chonawee
Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom
Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil
Yaman/Corp/Enron@Enron, Sofya Tamarchenko/NA/Enron@Enron, Bob
Lee/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT,
Anita DuPont/NA/Enron@ENRON, Youyi Feng/NA/Enron@Enron, V Charles
Weldon/HOU/ECT@ECT, Yana Kristal/Corp/Enron@ENRON, Praveen
Mellacheruvu/HOU/EES@EES, Li Sun/NA/Enron@Enron, Stephen
Bennett/NA/Enron@ENRON, Roman Zadorozhny/HOU/EES@EES, Lance
Cunningham/NA/Enron@ENRON, Leann Walton/NA/Enron@ENRON, Shane
Green/HOU/EES@EES, Seksan Kiatsupaibul/HOU/EES@EES, Kate Lucas/HOU/ECT@ECT,
Nelson Neale/NA/Enron@Enron, Rabi De/NA/Enron@ENRON, Kenneth
Parkhill/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON, Jason
Sokolov/HOU/ECT@ECT, Steve Bigalow/NA/Enron@Enron
cc:
Subject: birthday fun
Kate asked me to forward this to you - thought you would enjoy it.
However, I must tell you that as a group we beat all the odds. We have
three sets of people that have the same birthday - of course not the same
year - just the same day!
Amitava and Jaesoo March 2
Shirley and Stephen July 20
Stinson and Gwyn September 23
Cheers!
Shirley
---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 12/21/2000
02:37 PM ---------------------------
Kate Lucas
12/21/2000 01:56 PM
To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: birthday fun
Shirley,
Would you please pass this on to the rest of the group? It refers to our
lunchtime conversation about birthdays falling on the same day for two people
in a group.
Thanks,
Kate
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/23/2000
08:42 AM ---------------------------
Rachel Vargas <[email protected]> on 02/22/2000 12:14:06 PM
To: [email protected], "Vince J Kaminski" <[email protected]>
cc: [email protected]
Subject: Eastern Standard Time
Dear Mr. Jackson and Mr. Kaminski:
Good afternoon!
I just wanted to make sure you both understood that the Real Options
Conference, being held on Thursday, February 24 from 1:30-2pm, will be
Eastern Standard Time.
Many thanks,
Rachel Vargas
Asst. to Prof. Tufano
Dear Mr. Jackson and Mr. Kaminski:
This is to confirm that the March Real Options Conference call with Peter
Tufano will be held on Thursday, February 24 from 1:30-2pm. Mr. Jackson, I
have spoken with Suzanne and confirmed that the conference call will
originate from Peter Tufano's office.? Mr. Kaminski, I left a message in your
assistant's voicemail (Shirley), and I also spoke with Mr. Kevin Moore to
arrange this time.? Again, Professor Tufano will initiate this conference
call.
Many thanks.
Sincerely,
Rachel Vargas
Asst. to Prof. Tufano
********************
Rachel D. Vargas
Morgan Hall 370
Harvard Business School
Soldiers Field Road
Boston, MA 02163
P:? 617 495-6521
F:? 617 496-6592
email:? [email protected]
********************
|
Molly,
Sandeep Kohli called last night. We decided to transfer Anshuman
for the 6-month trial period and then extend his assignment
to a permanent employment if necessary. For Sandeep Kohli
it's a permanent transfer, effective immediately.
Some local opposition to poaching of good people.
Vince
|
Ronnie,
What about structuring and Sean and Margueritte?
Vince
Ronnie Chahal@EES
02/07/2000 04:54 PM
To: Elizabeth Grant/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT
Subject: Interview schedule
Elizabeth;
The Research group would like to bring in Robert Lee for a second round of
interviews. The first round went well. Please make arrangements for him to
meet:
Dennis Benevides
John Henderson
Please contact La Donna @ 34379 to coordinate the timing.
Also, Felicia Solis has been trying to coordinate interviews for another
candidate named Puneet Mathur.
I am at X33400.
Thanks,
Ronnie
|
Ehud,
We can meet for dinner on the 21st. Then you can visit with us on the 22nd
in the morning and have individual meetings. At 11:30 you can meet the entire
Research Group at our weekly lunch meeting. We can continue
individual meetings in the afternoon.
Please, make a reservation at Hyatt Regency Downtown or Double Tree
Downtown (there are several hotels with the same names).
Vince
"Ehud I. Ronn" <[email protected]> on 06/09/2000 02:01:09 PM
To: [email protected]
cc:
Subject: Re: Prospective 6/22 Houston Visit
Vince,
>June 22 works for me. Do you want to firm it up?
If it's not too late, I do.
I believe the "game plan" was for me to come in the previous evening. If
you confirm the date, please advise at your convenience how you see the
6/21 - 6/22 schedule.
Best,
Ehud
==============================================
Ehud I. Ronn
Department of Finance
McCombs School of Business
University of Texas at Austin
Austin, TX. 78712-1179
Voice: (512) 471-5853
FAX: (512) 471-5073
Internet: [email protected]
=================================================
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/29/2000
05:48 PM ---------------------------
Piazze <[email protected]> on 09/01/2000 02:43:36 PM
To: "'[email protected]'" <[email protected]>
cc:
Subject: Field Application Project
Vince:
Thank you for your interest in considering hosting a Tiger Team Project with
the Wharton School. I have attached information for your review. As I
mentioned, I will be out of the office until Sept 11, but look forward to
talking with you after that date.
Sincerely,
Donna Piazze
Program Director
Field Application Project
The Wharton School
Univ. of Pennsylvania
(215) 573-8394
(215) 573-5727 fax
[email protected]
[email protected]
- Tiger Team Brochure 2000-2001.doc
- Tiger Host Responsibilities.doc
- Non-Disclosure - Redraft 1_.doc
- 2001 Field Application Form 1.doc
- 2001 Field Application Form 2.doc
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/13/2000
05:16 PM ---------------------------
Becky Pham
10/02/2000 02:39 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: 2001 budget
I need your help... I did a quick comparison for the 2000 and 2001 budget
and I am showing a significant increase from last year. Did we have an
increase in headcount? I do not know your actual budget for 2000. I used
the information for the last 5 months of 2000 budget to estimate for the year
(see 2000 Budget tab in the attached file). The attached file contains the
following tabs:
Budget vs Budget Comparison of 2000 vs 2001
Allocation Allocation - please allocate the rest of the 21.7% to ENA
2000 Budget Estimated 2000 budget based on the last 5 months information
Research 2001 budget
The calculation for taxes and benefits does not equal to the calculation in
your template (Corp). Plus, I have to add A&A overhead cost that Corp will
bill us for A&A program (line 78). Can we meet to discuss the allocation to
ENA and the increase in plan? I am open all week except for Wednesday
between 10 and 11. Thank you.
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/02/2001
01:56 PM ---------------------------
"John D. Martin" <[email protected]> on 02/02/2001 01:39:17 PM
To: [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected]
cc:
Subject: Reminder
Good afternoon,
I just want to give you a reminder about the one-page questionnaire
regarding arrival and departure times for the workshop. Your responses
will make planning a bit easier on this end. Also, please get me your
"one-page" background statement as soon as possible. I am attaching
Michael Froehl's to give you some guidance (thanks Michael, I thought I was
going to have to prepare mine first).
Let me also tell you that the television producer has requested 15 minutes
of each of your time either the morning of the 23rd before the luncheon or
after the workshops to do individual interviews. They will then work these
individual shots into the final edited program (bring your best TV smiles).
By the way, I have been assured by the producer that we have final say
over whether particular comments are edited in or out of the final product
so we can all relax, this is not live TV.
I'll be out of town the end of next week but hope to have all my plans put
together the following week so please respond to both the questionnaire and
the request for a one-page background/positions/ideas write-up.
Thanks guys and I'm looking forward to seeing you all very soon.
John
p.s. In case you've misplaced it I have appended a copy of the questionnaire.
- Waco_background_MF.doc
- Questionnaire.doc
John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
[email protected]
web: http://hsb.baylor.edu/html/martinj/home.html
|
Andrew,
I have an interview at 8:30. A meeting
at 8:00 on Friday would work for me. I can delay he interview
if we need more time.
Vince
Andrew Miles@ENRON
09/27/2000 10:56 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Meeting
Great Vince!
Thanks for replying. This idea is really snowballing and we're getting a lot
of support - I can't wait to talk to you about it. Are you available somtime
early in the morning on Friday? Maybe around 8:00 or 8:30?
I'm attaching a one-page executive summary for you to look at if you get a
chance.
Looking forward to your reply,
Andrew
Vince J Kaminski@ECT
09/27/2000 08:29 AM
To: Andrew Miles/NA/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Meeting
Andrew,
I shall be glad to meet and discuss the project. It sounds intriguing.
Vince
Andrew Miles@ENRON
09/22/2000 01:34 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Meeting
Hi Vince!
Maybe you remember me, my name is Andrew Miles and we worked together on a
speech for Jeff Skilling this past July. I am hoping that I can get on your
calendar for 30 minutes next week. I have been working with 3 other Enron
employees for the past 6 months, developing a comprehensive innovation
acceleration process for use by potentially all Enron employees - and we
would really appreciate your input. We have presented the idea to quite a
few people in the company, and some outside of the company (Strategos
Institute), all of which have really liked the idea and provided key input.
Many people have suggested that we run the idea by you.
If you have some time next week, would you mind allowing me to explain our
ideas to you? I will follow up with a telephone call.
All the best,
Andrew
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/26/2000
09:12 AM ---------------------------
Stinson Gibner
07/25/2000 05:38 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Offsite Agenda - Stinson
|
Gwyn,
Try to reduce the number of potential candidates to 3, before I shall
get involved.
Also, I contacted HR regarding your promotion.
The process has started.
Vince
Gwyn Koepke@ENRON
05/02/2001 03:09 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Country Risk Jr. Economist hiring
Thanks Vince. I have the resume book from SAIS. I'd like to start
contacting them individually telephonically prior to meeting with Maureen. I
will begin to contact them and do some initial screening. Would you like to
participate in the initial screening?
THanks, -- Gwyn
Vince J Kaminski@ECT
05/02/2001 03:06 PM
To: Gwyn Koepke/NA/Enron@ENRON
cc:
Subject: Re: Country Risk Jr. Economist hiring
Gwyn,
Yes, please go ahead and get a resume book from SAIS.
Vince
Gwyn Koepke@ENRON
05/02/2001 11:40 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Country Risk Jr. Economist hiring
Vince,
Maureen had mentioned to me a while back that our group had approval to hire
an junior/full economist. She then asked me to contact Johns Hopkins SAIS to
get resumes of possible candidates. I have completed all this. But, before
I begin contacting these potential candidates, I wanted to confirm with you
that we have the approval to hire another person at the either junior or
associate economist level.
Thank you.
Gwyn Koepke
|
Steve,
I have finished Kirstee. I shall call you in a few minutes.
Vince
Steven Leppard
11/20/2000 03:59 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Urgent - PRCs
Hi Vince
I'm urgently trying to chase you up for PRC feedback on Kirstee and Matt. Our
PRC meeting is at 3pm GMT (9am for you), so if you're able to do them as soon
as you receive this I'd be very appreciative.
All the best,
Steve
|
Dale,
I started drafting the letter to John. I shall send you a cc later this week.
Vince
Dale Surbey
07/12/2000 01:11 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Steve Leppard
Vince,
I agree - I'll talk with Sherriff when he gets back to London next week.
- Dale
Vince J Kaminski
11/07/2000 20:49
To: Dale Surbey/LON/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Steve Leppard
Dale,
My recommendation is to make Steve the head of the research unit in London.
We were talking originally about September but I think we should accelerate
this process.
Of course, Anjam will be very unhappy about it, but we cannot manage around
him
any longer.
I think that the promotion should be combined with a salary increase.
I would like to offer him a significant increase that
goes with expanded responsibilities and much higher visibility.
A salary increase will also bring him closer to the market.
We see the market for technical people going through the roof in
practically every location
where we operate.
A contract is not a good solution in my view. It creates a sense of false
security for
both an employee and the company.
I shall send a message to John Sherriff with my recommendation. I shall cc
you.
I would appreciate if you could bring it up with John as well.
Vince
Dale Surbey
07/11/2000 10:23 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Steve Leppard
Hi Vince,
HR is working on a mid-year salary review for London people that have a
noticeable gap between their compensation at Enron and what we would have to
pay in the market for a replacement. They highlighted Steve as someone with
a potential gap - particularly in light of what we're seeing in our quant
recruiting effort for credit trading and research.
I'd like your opinion on the best way to make sure we keep Steve happy and
keep him at Enron. There are several things I see we can do:
1) Give him a mid-year pay increase to move him closer to market. I'm not
sure this is the best way to go, especially if we only offer him a token
salary increase.
2) Offer him more responsibility: What are your thoughts on timing for
making Steve the official head of the London research team? With my move to
EBS, should we accelerate this? I think this is good way to keep him happy
and motivated, and then follow up with a more meaningful salary review at
year-end (as part of the regular process) that takes into account his greater
responsibility.
3) We have some people that we're trying to get under long-term (3-yr)
contract with a 12-month notice clause. Obviously anyone signing one of
these will want significant up-front compensation for being handcuffed.
We've not had a lot of success with these here in London, and I would prefer
to keep Steve happy so he wants to stay with Enron rather than contractually
binding him to the job.
I'd value your thoughts on this.
Thanks,
Dale
|
Shirley,
Please, put on my schedule.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/30/2000
05:19 PM ---------------------------
Sheryl Lara@ENRON COMMUNICATIONS
03/29/2000 05:21 PM
To: Scott Yeager/Enron Communications@Enron Communications, Vince J
Kaminski/HOU/ECT@ECT, Dorn Hetzel/Enron Communications@Enron Communications,
James Reece/Enron Communications@Enron Communications, David Reece/Enron
Communications@Enron Communications, Everett Plante/Enron
Communications@Enron Communications, Diane Hetzel/Enron Communications@Enron
Communications, Ravi Thuraisingham/Enron Communications@Enron Communications,
John Griebling/Enron Communications@Enron Communications
cc: Sue Wadsworth/Enron Communications@Enron Communications, Shirley
Crenshaw/HOU/ECT@ECT, Brenda Foresee/Enron Communications@Enron
Communications, Marie Thibaut/Enron Communications@Enron Communications,
Kristy Carnes/Enron Communications@Enron Communications
Subject: Visit by Jerry Sellers of Orillion
Gentlemen:
I have spoken with Jerry Sellers of Orillion and he is proposing a visit by
Orillion with EBS on Monday, April 25, 2000 for about half a day. It can be
from 8:00 a.m. to 12:00 noon or 1:00 - 4:00. They are flexible with the
times.
The following individuals will participate on behalf of Orillion. They are
as follows:
Jerry Sellers, Chairman
Terry Lindsey, President
Professor Ken Dick, Technical Advisory Board at University of Nebraska
Orillion would like to propose the following agenda:
1. Introduce Orillion to EBS
2. Engage in Technical Discussions
3. Discussions on how Orillion can help EBS
Please let me know if your schedules will best accommodate a morning session
or an afternoon session. Many thanks for your prompt assistance.
Participants from EBS:
(Scott, if I have left anyone out, please advise)
Scott Yeager
Vince Kaminski
John Griebling
James Reece
David Reece
Everette Plante
Diane Hetzel
Dorn Hetzel
Ravi Thuraisingham
|
FYI
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/11/2001
02:19 PM ---------------------------
"William Fitzgibbon" <[email protected]> on 03/13/2001 02:45:57 PM
To: <[email protected]>
cc: <[email protected]>
Subject: SIAM invitation
Dear Dr. Kaminski
here is an email invitation for teh SIAM event. A hard copy will follow
Dr. V. Kaminski
Enron
P.O. Box 1188
Houston, Texas 77251-1188
Dear Dr. Kaminski
March 12, 2001
I am writing to formalize your invitation to attend, participate, and speak
in the SIAM Southwest Regional Mathematics in Industry Workshop. A time
span of thirty minutes is being allotted to invited talks with an additional
ten minutes or so for discussion. The workshop, funded under the auspices
of a National Science Foundation grant to SIAM will not be a standard
applied mathematics event with representatives from industry, academe, and
governmental agencies presenting their latest research results. Instead the
meeting will emphasize the mathematics and technology currently applied to
the projects of industry and governmental laboratories. Additionally the
event will focus upon the mechanisms facilitating interaction and
collaboration between the academy, industry, and government laboratories.
The workshop will be held at the University of Houston Hilton Hotel, April
27-28. Funds will be available to support both travel expenses and the cost
of food and lodging of invited speakers. We will be happy to make travel
arrangements on this end if so desired.
We hope that you can accept our invitation. If this is the case please
furnish us with a title, a short abstract, and a list of the necessary
equipment for your presentation.
We look forward to seeing you at the University of Houston.
Sincerely
W. Fitzgibbon
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/09/2001
05:01 PM ---------------------------
"Kleindorfer, Paul" <[email protected]> on 03/08/2001 03:41:21 PM
To: "'[email protected]'" <[email protected]>
cc: "'[email protected]'" <[email protected]>
Subject: Invitation to the 20th Annual Rutgers Conference
Vince:
For two decades now, I have been a member of the faculty helping to organize
the Eastern Conferences on Regulation and Competition that Michael Crew of
Rutgers has chaired. This year will be, in fact, the 20th anniversary
conference and a number of notable personages will be joining us to celebrate
what we have learned and what we haven't about the economics of network
industries. Fred Kahn, Al Philipps, Bill Hogan and a number of other
distinguished academics will be reviewing our progress and the prospects for
the future. The conference will take place at a beautiful site in the
Poconos, about 90 minutes north of Philadelphia, from Wednesday afternoon May
24th to Friday afternoon May 26th. You can check for yourself the nature of
the program and the conference site/hotel at the following website URL:
http://www.rci.rutgers.edu/~crri/WS.htm
Michael Crew and I would both be delighted if you would be willing to be an
after dinner speaker on Thursday evening (May 25th), just before the key
research reviews of Friday morning take place on the electricity, telephone
and gas industries, and following a day of special topics on emerging power
markets and other developments in network industries. Naturally we would be
pleased if you would be able to stay for the entire conference, but knowing
your schedule, you may only have time for a part of it. That would not be a
problem. The usual after-dinner address is for 30 minutes, followed by a
short Q&A period.
Your presentation would help to underline the tremendous importance of Enron
in driving the development of new risk instruments to assist in price
discovery and efficient risk management for market participants, in energy
markets and more generally. Both Michael and I feel that your perspectives
on the "new science of risk management" and what can be expected from it
could be a very important addition to this special anniversay event.
Please let me know (and please do copy Michael on your response) whether your
schedule will allow your participation in this very special event. Michael
and I would, of course, be very happy to follow up with you in discussing the
nature of the presentation, participants and so forth, if this is a go. I
look forward to hearing from you.
Regards,
Paul
Paul Kleindorfer
215 898-5830
|
Julie,
No problem. It's your call but Chris should also be mentioned as number one.
Vince
"Julie" <[email protected]> on 08/03/2000 03:06:28 PM
To: "Vince J Kaminski" <[email protected]>
cc:
Subject: Re: Preface for book
Vince,
Thanks for this.??
?
Are you OK with us using your name for this??
?
Julie
----- Original Message -----
From: Vince J Kaminski
To: [email protected]
Sent: Wednesday, August 02, 2000 2:11 PM
Subject: Re: Preface for book
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/02/2000
08:16
AM ---------------------------
Vince J Kaminski
08/02/2000 08:09 AM
To:?? "Julie" <[email protected]> @ ENRON
cc:?? Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
Subject:? Re: Preface for book? (Document link: Vince J Kaminski)
Julie,
The introduction looks fine. I have made some cosmetic changes
(typos and split infinitives that slipped by). You can safely ignore most of
them.
English is not even my second language.
The corrections are in pink.
Vince
(See attached file: Intro0802.doc)
"Julie" <[email protected]> on 08/01/2000 07:43:10 AM
To:?? "VinceJKaminski" <[email protected]>
cc:
Subject:? Preface for book
Vince,
Hope you are well.
We spoke a while ago about who should write the preface for the book, and?
you
kindly offered that you would provide this. Is this still? possible? We
realise that you are extremely busy, so Chris and Les went? ahead and wrote
something, which is below, and if you want to review, change or? re-write the
preface, that would be very appreciated. Let me know? what your thoughts
are.
Thanks,
Julie
(we're getting close)
Preface
One of our main objectives in? writing Energy Derivatives: Pricing and Risk
Management has been to bring? together as many of the various approaches
for the
pricing and risk management? energy derivatives as possible, to discuss
in-depth
the models, and to show how? they relate to each other. In this? way we hope
to
help the reader to analyse the different models, price a wide? range of
energy
derivatives, or to build a risk management system which uses a? consistent
modelling framework. We? believe that for practitioners this last point is
very
important and we continue? to stress in our articles and presentations the
dangers of having flawed risk? management and giving arbitrage opportunities
to
your competitors by using? ad-hoc and inconsistent models for different
instruments and markets (see also OTHERS WHO PROPOSE CONSISTENT? MODELS?).
However, it is not? our wish to concentrate on one particular model or
models,
at the exclusion of? the others because we believe that the choice should
rest
with the user? (although it will probably be clear from our discussions the
model(s) we? prefer). We therefore try and give? as clear account as possible
of the advantage and disadvantages of all the? models so that the reader can
make an informed choice as to the models which? best suit their needs.
In order to meet our objectives the? book is divided into 11 chapters. ? In
chapter 1 we give an overview of the fundamental principals needed to?
model and
price energy derivatives which will underpin the remainder of the? book. In
addition to introducing? the techniques that underlie the Black-Scholes
modelling framework we outline? the numerical techniques of trinomial trees
and
Monte Carlo simulation for? derivative pricing, which are used throughout the
book.
In Chapter 2 we discuss the? analysis of spot energy prices. As? well as
analysing empirical price movements we propose a number of processes? that
can
be used to model the prices. ? We look at the well-know process of Geometric
Brownian Motion as well as? mean reversion, stochastic volatility and jump
processes, discussing each and? showing how they can be simulated and their
parameters estimated.
Chapter 3, written by Vince? Kaminski, Grant Masson and Ronnie Chahal of
Enron
Corp., discusses volatility? estimation in energy commodity markets. ? This
chapter builds on the previous one. It examines in detail the methods,?
merits
and pitfalls of the volatility estimation process assuming different? pricing
models introduced in chapter 2. ? Examples from crude, gas, and electricity
markets are used to illustrate? the technical and interpretative aspects of
calculating volatility.
Chapter 4 examines forward curves? in the energy markets. Although? such
curves
are well understood and straight-forward in the most financial? markets, the
difficulty of storage in many energy markets leads to less well? defined
curves.
In this chapter we? describe forward price bounds for energy prices and the
building of forward? curves from market instruments. We? outline the three
main
approaches which have been applied to building forward? curves in energy
markets; the arbitrage approach, the econometric approach, and? deriving
analytical values by modelling underlying stochastic factors.
Chapter 5 presents an overview of? structures found in the energy derivative
markets and discusses their uses. Examples of products analysed in this
chapter include a variety of swaps, caps, floors and collars, as well as
energy
swaptions, compound options, Asian options, barrier options, lookback
options,
and ladder options.
Chapter 6 investigates single and? multi-factor models of the energy spot
price
and the pricing of some standard? energy derivatives. Closed form? solutions
for forward prices, forward volatilities, and European option prices? both on
the spot and forwards are derived and presented for all the models in? this
chapter including a three factor, stochastic convenience yield and interest
rate model.
Chapter 7 shows how the prices of? path dependent and American style options
can
be evaluated for the models in? Chapter 6. Simulation schemes are? developed
for the evaluation of European style options and applied to a variety? of
path
dependent options. In order? to price options which incorporate early
exercise
opportunities, a trinomial? tree scheme is developed. This tree? is built to
be
consistent with the observed forward curve and can be used to? price exotic
as
well as standard European and American style options.
Chapter 8 describes a methodology? for valuing energy options based on
modelling
the whole of the market observed? forward curve. The approach results? in a
multi-factor model that is able to realistically capture the evolution of a
wide range of energy forward curves. ? The user defined volatility structures
can be of an extremely general? form. Closed-form solutions are? developed
for
pricing standard European options, and efficient Monte Carlo? schemes are
presented for pricing exotic options. The chapter closes with a discussion of
the valuation of American style options.
Chapter 9 focuses on the risk? management of energy derivative positions. ?
In
this chapter we discuss the management of price risk for institutions? that
trade options or other derivatives and who are then faced with the problem?
of
managing the risk through time. ? We begin with delta hedging a portfolio
containing derivatives and look? at extensions to gamma hedging ?
illustrating
the techniques using both spot and? forward curve models. The general? model
presented in Chapter 8 is ideally suited to multi-factor hedging of a?
portfolio
of energy derivatives and this is also discussed.
Chapter 10 examines the key risk? management concept of Value at Risk (VaR)
applied to portfolios containing? energy derivative products. After?
discussing
the concept of the measure, we look at how the key inputs? (volatilities,
covariances, correlations, etc) can be estimated. We then compare the fours
major? methodologies for computing VaR; Delta, Delta-gamma, historical
simulation and? Monte-Carlo simulation, applying each to the same portfolio
of
energy? options. In this chapter we also? look at testing the VaR estimates
for
various underlying energy market? variables.
Finally, in Chapter 11 we review? modelling approaches to credit risk. ? We
look
in detail at two quite different approaches, CreditMetrics (J. P. Morgan
(1997))
and? CreditRisk+ (Credit Suisse Financial? Products (1997)) for which
detailed
information is publicly available. Together these provide an extensive set?
of
tools with which to measure credit risk. We present numerical examples of
applying these techniques to energy derivatives.
Before? we begin we stress that the models and methods we present in this
book
are tools? which should be used with the benefit of an understanding of how
both
the ?tool?? and the market works. The? techniques we describe are certainly
not
?magic wands? which can be waved at? data and risk management problems to
provide instant and perfect solutions. To quote from the RiskMetrics
Technical
Document ?? no amount of sophisticated analytics will replace experience and
professional judgement in managing risk.?. ? However, the right tools,
correctly
used make the job a lot? easier!
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/27/2000
04:48 PM ---------------------------
Rodrigo Lamas
10/24/2000 12:17 PM
To: David Port/Market Risk/Corp/Enron@ENRON, Vince J Kaminski/HOU/ECT@ECT,
Anjam Ahmad/LON/ECT@ECT
cc: Zimin Lu/HOU/ECT@ECT, Steven Leppard/LON/ECT@ECT, Oliver
Gaylard/LON/ECT@ECT, Suzanne Bain/LON/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT
Subject: Inflation Model Review - Final Version
This morning a draft of RAC's Inflation Model Review was discussed with Anjam.
All points as presented in the draft were agreed upon.
Also, four new points were amended as suggested by Anjam:
The RPI short-term model could be improved by a combination of the
information available from the GILTS and RPI Swaps market.
Add: "This is an issue across all Enron's econometric models." to section
PLLU and DZCV Short-term, First Point.
To implement some of the suggestions requires additional statistical and
programming resources.
Additionnal human resources with advanced econometric modelling skills are
required given the current workload of the european research team.
Please find the final version attached.
Please note that the short term solution has been to freeze the curve.
The medium to long term solution involves futher research towards a sounder
and more efficient model.
Given the current workload of the European Research Group, it is necessary to
hire a new member of staff with strong economics and econometrics background
to address this issue properly.
RAC will communicate to the Financial Trading Group and Risk Management the
actions to take as the curve will be frozen.
Thanks,
Rodrigo
|
Erin,
Thanks.
Vince
Enron North America Corp.
From: Erin Rice @ ENRON 07/12/2000 11:09 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Your Transcript
Attached is the transcript of your eSpeak. It was a great session!
Thanks!
- er
|
Jim,
I shall contact Althea and make sure Rusty meets with the Research Group
members.
Vince
Jim Garven <[email protected]> on 03/28/2001 01:01:42 PM
To: [email protected]
cc: [email protected]
Subject: recommendation of an outstanding Baylor MBA student for summer
internship
Dear Stinson,
I would like to call your attention to Rusty Parks, who is an MBA student
here and has been serving as my research assistant since last fall.? Rusty is
a very outstanding individual with a very impressive work ethic and interest
in topics such as financial engineering and technology, particularly as these
issues pertain to the energy industry.?? In fact, you met Rusty during your
recent visit to Baylor (specifically, last month over dinner at the Gamma
Iota Sigma chartering ceremony).
I happen to know that Rusty is already scheduled to visit Enron for an
interview for a summer internship on April 19.? He has been invited by Althea
Gordon.? If there is any possibility that you could meet with him during his
visit, I am sure that he would be most grateful.? Rusty is one of the very
best research assistants I have ever had, and I am sure that Enron would
benefit from having him aboard during the coming summer.
Sincerely,
Jim Garven
P.S.: Please find Rusty's resume attached to this email.
_________________________________________
James R. Garven, Ph.D.
Professor of Finance & Insurance
Department of Finance, Insurance and Real Estate
Hankamer School of Business
HSB 336
Baylor University
Box 98004
Waco, TX? 76798
Voice: (254) 710-6207
Fax: (603) 994-6680
E-mail: [email protected]
Home Page: http://garven.baylor.edu
Vita: http://garven.baylor.edu/dossier.html
Research Paper Archive: http://garven.baylor.edu/research.html
_________________________________________
- Rusty Parks Resume.doc
|
Sandeep,
I sent E-mail msg from the plane.
Vince
Sandeep Kohli@ENRON_DEVELOPMENT
03/20/2001 12:29 PM
To: Vince J Kaminski@ECT
cc:
Subject: Anshuman - A Reminder
Vince,
This is to remind you to either talk to or to send in a mail to Jim Hughes
asking for Anshuman to be here in Houston for analysis of the LNG side of the
Enron issue.
Regards,
Sandeep.
|
Craig,
Thanks for the feedback. Elena is doing really great and I think that she
will be
a great Enron's asset.
Vince
Craig Breslau
08/09/2000 09:19 AM
To: Vince J Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT
cc:
Subject:
I wanted to give you some feedback. Elena Chilkina has gone way above the
call of duty to help me on a very important research project. I am trying to
conduct some research on the global fuels market for Jeff Shankman. When I
mentioned this to Elena, she was extraordinarily helpful in helping me
compile some very useful information on very short notice. She was able to
quickly define the scope of the project and gather some pertinent
information. Because this was not one of her regular assignments, she put in
many extra hours to help us out on this project.
I just wanted to let you know about a job well done.
Regards,
Craig
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/23/2001
06:10 PM ---------------------------
ERisk <[email protected]> on 03/23/2001 11:36:33 AM
To: [email protected]
cc:
Subject: ERisk Essentials
? www.erisk.com
What's New at ERisk.com - 23 March 2001
Weekly Review This week's economic, banking and P_insurance news, from an
enterprise risk management perspective. Read it here...
Analysis
In this week's Analysis:
Taking the long view on credit risk management
The risks of cracking down on insurance fraud and
Fannie Mae controversy puts debt benchmark in jeopardy
Feature The treatment of operational risk is one of the more controversial,
and poorly understood, elements of Basle's proposed revisions to the Capital
Accord. In this exclusive article, Penny Cagan of Zurich Financial Services
explains what the Basle Accord proposals mean for most banks, where there's
room for improvement and how to get started on building an operational risk
framework
iConference Archive
Couldn't make it to our iConference on Risk Transfer, featuring Martin Nance
of AIG Structured Products and Barry Finkelstein, Joe Parsons and Chris
Crevier of Merrill Lynch? Check out the iConference Archive later this week
to find out what you missed. Still available: The proceedings of our two
recent Basle iConferences, featuring Bill Treacy of the Federal Reserve
Board, Ashish Dev of Key Bank and Andy Hickman of ERisk
Events
Calendar Feeling the need to network? Check out our comprehensive listing of
risk management events around the world in the Events Calendar
The ERisk Essentials is published every Friday by ERisk.com.
To subscribe to this newsletter, please register on our website.
To unsubscribe, access your account. Your username is the email address
where you received this message.
To be reminded of your password, or to reset it, follow this link.
|
John,
I am forwarding to you the request by Jens. We gave in the past
our forward oil curves (with approval of Greg Whalley) to some academics.
What is your position on this request?
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/27/2000
04:29 PM ---------------------------
Jens Gobel@ENRON
10/26/2000 12:06 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Forward oil prices
Vince,
As discussed on the phone, I am sending you the request that I have received
from Prof. Buehler. Prof. Buehler is the
head of the faculty of finance at Mannheim University in Germany. Currently,
he is writing a study about the hedging
strategy that led to the Metallgesellschaft debacle. For this study he would
like to get forward oil prices form us.
The forward oil prices should be for WTI with Cushing as the delivery point
for the time period July 1986 and December 1996
with remaining contract durations between one and ten years. It would be
ideal to get this data on a daily basis. Weekly
or monthly data is helpful as well, of course.
Since Mannheim University is among Enron's tier one recruiting universities
in Germany, it would be great if we could help
him with some data. Thanks a lot for your help.
Jens
[email protected] on 10/10/2000 11:44:57 AM
To: [email protected]
cc:
Subject: Daten
Sehr geehrter Herr Goebel,
bezugnehmend auf Ihr heutiges Telefongespraech mit Herrn Prof.
Buehler hat mich Prof. Buehler gebeten, Ihnen genauer
darzustellen, welche Daten idealerweise fuer unsere Studie
benoetigt wuerden.
Zunaechst zum Hintergrund. Wir sind auf ENRON gestossen, weil
Eduardo Schwartz in einer seiner Arbeiten die folgende Datenquelle
angibt:
" In addition to the publicly available futures data described above,
for the purpose of this study Enron Capital and Trade Resources
made available some proprietary historical forward price curves
from 1/15/93 to 5/16/96. From these data ten forward prices were
used in estimation, ranging in maturities from two months to nine
years"
Dies laesst uns annehmen, dass Enron bestimmte Daten
verfuegbar hat.
Nun zum idealen Datensatz:
Forwardoelpreise (am besten WTI mit Lieferung in Cushing) fuer
Restlaufzeiten zwischen einem und zehn Jahren fuer den Zeitraum
Juli 1986 bis Dezember 1996. Dabei waere eine hohe
Datenfrequenz ideal (taeglich, ansonsten woechentlich oder
monatlich). Zusaetzlich waeren auch Spotpreise fuer WTI mit
Lieferung in Cushing nuetzlich.
Diese idealen Datenanforderungen werden sich vermutlich nicht
erfuellen lassen. Jedoch waere uns auch schon geholfen, wenn ein
kuerzerer Zeitraum oder eine niedrigere Datenfrequenz vorlaege.
Wir waernen Ihnen sehr dankbar, wenn Sie in Erfahrung bringen
koennten, inwiefern solche Daten von Enron zu erhalten sind.
Herzlichen Dank fuer Ihre Muehe und beste Gruesse
Olaf Korn
p.s. Bei Rueckfragen stehe ich Ihnen jederzeit gern zur Verfuegung
__________________________________________________________
Dr. Olaf Korn
University of Mannheim
Chair of Finance
D-68131 Mannheim
Germany
Tel.: ++49/621/181-1487
Fax.: ++49/621/181-1519
e-mail: [email protected]
|
Steve,
Please, let me know when you come back.
I have detected a tendency to implement different
approaches to valuation in the past.
To some extent, it reflects the absence of formal
rules for sign-off on the valuation techniques
which, in turn, reflects, the turf wars and the desire by the
originators to control the outcomes.
Vince
[email protected] on 01/19/2001 06:53:14 PM
To: [email protected]
cc:
Subject: Valuation
Vince,
I'd like an opportunity to talk to you about valuation.
I'm hearing confusing messages about the way that the UK IT team and the UK
traders get their Valuation code aparently signed off by Research, while
here... You provide it for our guys to wrap up.
We have now a situation where the UK team are using a home grown Valuation
piece called DOVE, where results differ from those of the equivalent USA
portcalc.
I need to break through the pride barriers and the "not built here" syndrome,
and try to do the right thing, but I don't beleive I can do that without you
guidance.
I'm scared that if we diverge too much we will never work globally on these
systems.
Steve
------------------------
Tel: 713-345-8980
Cell: 281-541-1862
Page: [email protected]
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/30/99
04:31 PM ---------------------------
Vince J Kaminski
10/04/99 07:30 AM
To: Andrew Schuleman/AA/Corp/Enron@ENRON
cc: Thomas Bauer/AA/Corp/Enron@Enron, Richard Causey/Corp/Enron@Enron, Ted
Murphy/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT,
Patty Grutzmacher/AA/Corp/Enron@Enron, John Sorrells/AA/Corp/Enron@Enron,
Derek Claybrook/AA/Corp/Enron@Enron
Subject: Re: Model Development Report
Andy,
Thanks for your message regarding the Model Risk project. I think it's a very
important issue and really critical to Enron. The model risk represents a
very significant exposure to the company: a wrong model results in bad
decisions and eventually leads to accounting errors and incorrect financial
statements.
Here are my comments.
1. Reasons of model risk. The main source of model risk in Enron is omitted
in your list. I think it's due to the fact that the responsibility for the
final model approval and validation is dispersed in the organization and
there no single unit/person that is vested with the authority to audit,
approve and monitor valuation models. The popular perception is that this is
done by the Research Group, but this could not be further form the truth.
Given the way the organization evolved over the last few years, we became a
group of internal consultants, working on highly specialized, partial
problems (sometimes, we work on a project from A to Z, but it's an exception
to the rule).
It's imperative that this is communicated to the senior management in a
precise, non-ambiguous way. I think that this is the main source of potential
problems and the first shortcoming of the modeling process to be corrected.
2. Inappropriate application of models. I would expand point 3 in your
draft (inappropriate application of models)
and add two lower level points: a) wrong inputs b) incorrect model used for a
given transaction. TVA is an example of point a: a transaction in case of
which the inputs have not been being updated for an extended period of time
in the past.
3. Control Strength. Under Control Strength you can mention that several
audits
of the Research Group model by Arthur Andersen and Darrell Duffie have been
initiated at our insistence.
4. Audit scope. I don't think you can address the issue of the model risk if
you exclude
from your review Risk Analytics and IT. The model development
activity cannot be divided into separate, independent processes.
I am afraid your recommendations will be highly inaccurate if your audit
scope will
remain as is.
Vince Kaminski
Andrew Schuleman@ENRON
09/29/99 06:00 PM
To: Wanda Curry/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Model Development Report
Attached is a draft of the Model Development Report that will be presented at
the Controller's Meeting on Friday, October 1, 1999. I would appreciate if
you could please review the report and respond with any comments prior to the
meeting. I appreciate all your help and cooperation throughout our review.
Thanks,
Andy
|
Shirley,
Please, put on my schedule.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/05/2000
05:19 PM ---------------------------
Veronica Valdez
01/05/2000 04:58 PM
To: Rick Buy/HOU/ECT@ECT, Ted Murphy, Rick L Carson/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, David Gorte/HOU/ECT@ECT, Kevin
Kindall/Corp/Enron@ENRON, Grant Masson/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT, Laura Gutierrez/HOU/ECT@ECT, Pam
Metoyer/HOU/ECT@ECT, Karen K Heathman/HOU/ECT@ECT
Subject: Enterprise Wide Risk Management Meeting, January 21
This is to confirm the meeting will take place on Friday, January 21 at
12:00 - 5:00p, at the DoubleTree Hotel, 400 Dallas Street.
The meeting room is Suite 407.
Those in attendance:
Rick Buy
Ted Murphy
Rick Carson
Vince Kaminski
Dave Gorte
Kevin Kindall
Grant Masson
Lunch will begin at 12:00 noon and a snack will be served at 2:30p.
Please give me a call with questions at x31881.
|
John and Krishna,
I am sending you an outline of a conference at Stanford on topics related to
demand-side pricing and management in the power markets.
Please, let me know if you are personally interested and who else
in your respective organizations would like to attend.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/19/2001
08:10 AM ---------------------------
Hill Huntington <[email protected]> on 03/15/2001 05:26:55 PM
To: [email protected]
cc:
Subject: RTP project
Vince,
Targetted conference date is Th-F June 21-22 at Stanford. Enclosed in the
recent revision to what I sent before.
Great to meet you,
Hill
- retail notes.rtf
*******************************************************************
Hillard G. Huntington
EMF - an international forum on
energy and environmental markets Voice: (650) 723-1050
408 Terman Center Fax: (650) 725-5362
Stanford University Email: [email protected]
Stanford, CA 94305-4026
EMF Website: http://www.stanford.edu/group/EMF/
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/05/2001
09:04 AM ---------------------------
Bryan Seyfried
03/30/2001 10:08 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Asset Swaps vs CDS's
---------------------- Forwarded by Bryan Seyfried/LON/ECT on 30/03/2001
17:12 ---------------------------
Martin McDermott
23/03/2001 18:47
To: John Sherriff/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT
cc:
Subject: Asset Swaps vs CDS's
John,
I haven't had much time to put something together on this issue.
Fundamentally both instruments represent the same credit risk, i.e. same
credit events and contingent payments, both represent senior unsecured credit
risk. The differences in pricing therefore arise purely from supply and
demand. One would expect generally that the asset swap would be lower than
the CDS because of liquidity: there are only so many bonds out there, and so
demand for Asset swaps is limited. I am attaching a one page note by JP
morgan where they claim that one of the principal reasons for the CDS to be
more expensive is people hedging convertible bonds by combining (1) a call
option on the equity and (2) a CDS. If the call is cheap they will be
willing to pay more for the CDS, driving the price up. I'll try to
synthesize something more complete next week.
Cheers
Martin
|
Rakesh,
Can you ask a lawyer to review it?
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/06/2001
04:15 PM ---------------------------
[email protected] on 04/05/2001 10:15:34 PM
To: [email protected]
cc:
Subject: Non-Disclosure Agreement
P. O. Box 2227
Livermore, California 94550
April 4, 2001
Dr. Vince J. Kaminski
Vice-President of Research
Enron Corporation
P. O. Box 1188
Huston, Texas 77251
Vince,
I have cleared my calendar, and I am looking forward to meeting with you
in Houston on May 4th.
Transmitted herewith is the agreement that you requested.
Thanks. Have a great weekend.
Larry Thorne
Attachments: Non-Disclosure Agreement
- Non-disclosure Agreement.pdf
|
Pam,
The last group.
Please, let me know if any name is missing.
Grade: A
Thanks a lot. It was a pleasure working with you.
Vince Kaminski
|
Nick,
We may have problems getting the VC location in Houston on short notice.
We are currently on stand-by. We shall default, if we have no other choice,
to a phone interview.
Vince
Enron Capital & Trade Resources Corp. - Europe
From: Nick Mooney 04/18/2000 09:09 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Mark Tawney/HOU/ECT@ECT
Subject: Video Conference with Ross McIntyre
Vince,
you should have received an invitation through lotus notes which outlines the
VC location for the conference call tomorrow. It is schedule for 4:30pm UK
time (10:30am Houston time)
Ross's background is from Investment banking ex Dresner bank, he has a PhD in
Mathematical and is currently with speedwell weather derivatives where he has
been developing weather derivative pricing and portfolio optimisation tools
which they have been marketing to end-users with weather risks.
The attached word documents are articles that he has written for publication.
regards
Nick Mooney
- MCS.doc
- Analytic.doc
- PAR.doc
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/27/2001
04:29 PM ---------------------------
ERisk <[email protected]> on 04/27/2001 10:40:36 AM
To: [email protected]
cc:
Subject: ERisk Essentials
ERISK ESSENTIALS --
What's New at ERisk.com, 27 April 2001
WEEKLY REVIEW
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0CwR0Ar
This week's economic, banking and P&C insurance news, from an enterprise risk
management perspective. Read it here ...
ANALYSIS
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0B4V0An
Why managing intellectual property risks is getting more challenging.
Will lead-based paint suits be "the next asbestos" for US insurers?
Is the idea of deposit insurance reform dead, or just sleeping?
BASLE SPECIAL 1
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0B4W0Ao
Confused about the new Basle Capital Accord? Look no further. Over the next
two weeks, we'll be presenting a quick guide to all you need to know before
the May 31 deadline for responses to the consultation document. In our first
article this week, Rob Jameson introduces the major themes, proposals and
controversies of Basle II.
BASLE SPECIAL 2
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0B4W0Ao
In the second of our special Basle guide, Alan McNee outlines the key
problems with the proposals, from market discipline and operational risk to
credit derivatives and maturity factors. More Basle coverage and analysis to
come next week on ERisk.
SEARCH ENGINE
It was broken, but now we've fixed it. ERisk’s new, more powerful and
efficient search engine will let you conduct more meaningful searches of the
ERisk site, with relevancy scores for each result and clear identification of
where each document can be found. Coming soon: a brief summary of each
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INTERACTIVE P&C STUDY
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0CwV0Av
ERisk and strategic partner Risk Management Solutions (RMS) last week
released the results of our jointly sponsored Property & Casualty industry
study. Visit the interactive online version to explore the capital adequacy
and risk-adjusted profitability of various segments within the P&C insurance
marketplace.
****************************************************
The ERisk Essentials is published every Friday by ERisk.com.
To subscribe, please register on our website.
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0BXt0At
To unsubscribe, access your account. Your username is the email address where
you received this message.
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0BXs0As
To be reminded of your password, or reset it:
http://email.eRisks.com/cgi-bin10/flo?y=eHvU0BHCKe0CjE0B6R0Al
|
Jim,
Clarification regarding Shalesh' transfer to EBS.
The request to rotate Shalesh out of Research into EBS
came from Ravi Thuraisingham. My understanding was that it was
fully coordinated with you and I was more than happy to oblige.
Shalesh is concerned that his integrity is being questioned and I can assure
you that he was not the instigator of the move.
My impression is that Shalesh is doing a very good job and Ravi is very happy
him. I shall be glad to keep him in the Research Group in his current role.
Have a good 4th of July.
Vince
|
Teresa,
I would like to invite Iris for an interview in Houston.
She works currently in London Can you call her
and ask when she is planning to visit the States.
We could pay the airfare from a location in the States.
I would hate to pay the 1st class ticket from London to Houston,
though I would go for it, if necessary (I don't
want a candidate to think that we are that cheap).
Business class is a standard
for business related, cross-Atlantic flights.
I would be more comfortable if you could negotiate this issue.
Thanks
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/16/2000
10:13 AM ---------------------------
Vince J Kaminski
06/12/2000 03:51 PM
To: [email protected] @ ENRON
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Re[10]: Greetings from London (to Enron)
Iris,
At this point it's my group: Research, i.e. Quantitative Modeling.
Please, let me know what your interests are and I shall try to line up
other groups for the interview.
Vince
[email protected] on 06/09/2000 02:33:50 AM
To: [email protected]
cc:
Subject: Re[10]: Greetings from London (to Enron)
Hi,
I will be out of the country until Wednesday afternoon - London time.
Maybe we can chat then.
Also, could you please tell me about the group(s) that are interested in
speaking with me.
Thanks,
Iris
Internet
From: [email protected] on 06/06/2000 20:31 GMT
To: Iris MACK
cc: Vince.J.Kaminski
bcc:
Subject: Re: Re[8]: Greetings from London (to Enron)
Iris,
Leaving for Ca in a few minutes. I shall get back to you Monday.
Vince
[email protected] on 06/06/2000 10:36:46 AM
To: [email protected]
cc:
Subject: Re[8]: Greetings from London (to Enron)
Hi,
Thanks for your email. Begining of July - what about July 4th week?
Could you give me a bit more info regarding the best days for you and
your
colleagues.
Thanks,
Iris
Internet
From: [email protected] on 06/06/2000 14:29 GMT
To: Iris MACK
cc: Vince.J.Kaminski
bcc:
Subject: Re: Re[6]: Greetings from London (to Enron)
Iris,
The beginning of July would be better for us. Please, let me know what
is your availability.
Vince
[email protected] on 06/06/2000 02:30:49 AM
To: [email protected]
cc:
Subject: Re[6]: Greetings from London (to Enron)
Hi,
Thank you for your email. How many days do we need?
I have checked my calendar.and think that I should be able to come on
Monday June 19th (Tuesday June 20th - if you need more than one day)..
I can fly from London to Houston during the following weekend to
arrive in
time for Monday morning.
Let me know if these days are good for you and your colleagues.
Regards,
Iris
Internet
From: [email protected] on 25/05/2000 18:33 GMT
To: Iris MACK
cc: Vince.J.Kaminski
bcc:
Subject: Re: Re[4]: Greetings from London (to Enron)
Iris,
We can invite you for an interview to Houston.
What would be a the time for you?
Vince
[email protected] on 05/25/2000 11:32:04 AM
To: [email protected]
cc:
Subject: Re[4]: Greetings from London (to Enron)
Hi,
Thank you for your prompt response. I am interested in any contacts
you
may have in your rolodex.
Also, I would be opened to talk to Enron as well. Please let me know
more
details.
Kind regards,
Iris
Internet
From: [email protected] on 25/05/2000 16:19 GMT
To: Iris MACK
cc: Vince.J.Kaminski, Stinson.Gibner, Grant.Masson,
Pinnamaneni.Krishnarao,
Vasant.Shanbhogue
bcc:
Subject: Re: Re[2]: Greetings from London (to Enron)
Iris,
I shall go through my Rolodex and try to find some good leads for you. I
left
investment banking 8 years ago and this field changes very fast.
Alternatively, would you be interested in a company like Enron
or another energy company in Houston?
Please, let me know.
Vince
[email protected] on 05/25/2000 09:20:01 AM
To: [email protected]
cc:
Subject: Re[2]: Greetings from London (to Enron)
Hi,
How are you? Thank you kindly for your email. Sorry I have not
responded
sooner.
Currently I am working in Derivatives Structured Products and Risk
Management at BNP Paribas in London. Although I currently enjoy living and
working in London, I may need to return to the states - because of my
mother's
failing health.
Do you know of any good contacts at investment banks that I may
forward my
details to?
For your information, I have attached my CV. (Please see attached
file:
Iris Marie Mack.doc).
Thank you in advance for your time and consideration.
Kind regards,
Iris Mack
44 (0)20 7595 8665 (work)
44 (0)20 7229 9986 (home)
(See attached file: Iris Marie Mack.doc)
Internet
From: [email protected] on 04/04/2000 15:03 GMT
To: Iris MACK
cc: Vince.J.Kaminski
bcc:
Subject: Re: Greetings from London (to Enron)
Iris,
Please, feel free to give me a call when you have a few minutes.
I shall be glad to chat with you.
Vince
[email protected] on 03/30/2000 02:24:27 AM
To: [email protected]
cc: [email protected]
Subject: Greetings from London (to Enron)
Dear Dr. Kaminski,
How are you? It was nice to meet you at the Real Options conference
in
NYC.
I was intrigued by some of the comments in your conference talk. In
particular, by your use of real options to hedge financial options. This
is
something I am interested in as well.
When you have some time, could we chat about this topic in a bit more
detail?
Thanks for your time and consideration. Hope to hear from you soon.
Regards,
Iris Mack
------------------------------------------------------------------------------
----------------
This message is confidential; its contents do not constitute a
commitment by BNP Paribas Group* except where provided
for in a written agreement between you and BNP Paribas Group*.
Any unauthorised disclosure, use or dissemination, either
whole or partial, is prohibited. If you are not the intended
recipient of the message, please notify the sender immediately.
*BNP Paribas Group is a trading name of BNP SA and Paribas SA
Ce message est confidentiel; son contenu ne represente en
aucun cas un engagement de la part du groupe BNP Paribas*
sous reserve de tout accord conclu par ecrit entre vous et le
groupe BNP Paribas*. Toute publication, utilisation ou diffusion,
meme partielle, doit etre autorisee prealablement. Si vous n'etes
pas destinataire de ce message, merci d'en avertir immediatement
l'expediteur.
*Le groupe BNP Paribas est le nom commercial utilise par BNP SA et Paribas
SA
(See attached file: Iris Marie Mack.doc)
(See attached file: Iris Marie Mack.doc)
(See attached file: Iris Marie Mack.doc)
(See attached file: Iris Marie Mack.doc)
- Iris Marie Mack.doc
|
Shirley,
Please, arrange a phone interview next week. TT, SG, ZL, VK.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/21/2000
08:46 AM ---------------------------
nina knirel <[email protected]> on 11/20/2000 05:13:47 PM
To: [email protected]
cc:
Subject:
708 Graham Place #207
Austin, TX 78705
November 20, 2000
Dear Mr. Kaminski:
I read with interest your company,s description on the
Web page. I was highly impressed by the work that
ENRON Corporation does and would like to inquire about
employment opportunities with your company.
Enclosed is a copy of my resume that details my
academic qualifications and practical experience. I am
excited about stepping into a position, which will
utilize my technical, analytical, and interpersonal
skills in a fast paced environment, and look forward
to expanding my horizons with new challenges and
opportunities that ENRON Corporation will offer. I
know from customer and supervisor feedback that I have
the interpersonal skills imperative to building a
successful career at the ENRON Corporation and am
motivated to do so. Your firm has an excellent
reputation and I genuinely look forward to becoming a
part of the ENRON Corporation community.
I know you must be busy during this time of the year,
but I would sincerely appreciate a few minutes of your
time. I plan to call you within the next seven days to
discuss how my education, practical skills, and
background would qualify me as a member of your
company. In the meantime, if you need to contact me,
my daytime and nighttime number is (512) 474-6683 and
my e-mail address is [email protected].
Thank you very much for your time and consideration. I
look forward to talking to you.
Sincerely,
Nina Knirel
__________________________________________________
Do You Yahoo!?
Yahoo! Calendar - Get organized for the holidays!
http://calendar.yahoo.com/
- knirel resume final[1].doc
|
Hi Kirstee,
Thanks again for all your work on MG. One think to double check is units.
Please, make sure that the prices are quoted in the same units our positions
come in.
One potential source of confusion arises from the fact that we are dealing
with different
cultures (metric system vs. English measures).
Vince
Enron Capital & Trade Resources Corp. - Europe
From: Kirstee Hewitt 08/03/2000 11:31 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: VaR for COB 2nd Aug 2000
Hi Vince,
I was waiting for a comment about the email below before sending it to the
full mailing list. Basically it suggests that the
copper option position may well have increased the VaR by more than $500,000.
However, given that the portfoilo has also
changed from the 1st of August it is difficult to asses the actual change due
to the option only.
Regards
Kirstee
---------------------- Forwarded by Kirstee Hewitt/LON/ECT on 03/08/2000
17:29 ---------------------------
Enron Europe
From: Kirstee Hewitt 03/08/2000 16:29
To: Cantekin Dincerler/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
cc:
Subject: VaR for COB 2nd Aug 2000
Hi all,
The CU option position has entered the MG books for the 2nd Aug. The delta is
35299$/mt for Dec 2000. The Cu VaR has gone up
from $2,245,000 to $3,306,000. I estimated that the portfolio for the 1st
would increase to approx $3,039,000 so this seems sensible.
The overall VaR change is from $4,780,796 to $5,991,569. Again, the estimate
for the 1st Aug was for an increase in VaR to ~ $5,476,000.
All estimates were based on a delta of 32,0004/dmt.
There has also been some increase in the VaR for Aluminium which will effect
the overall total.
A summary is as follows :
regards,
Kirstee
|
This is a resume of one guy I met in Houston a few months ago.
He comes across as a very bright and qualified individual. He is interested
in
a position in London. Who is the best person in London to forward the resume
to?
Vince
|
Dave,
I am sending you my accomplishments for the last year.
I am including also one document (just browse through it quickly)
to give you a flavor of some projects I have been working on.
I shall send you shortly an additional document I would like you to browse
through
(the list of projects my group works on in a typical week) to give you more
information
about the scope and depth of what we do. It's an internal document and I want
to clean
it up
Merry Christmas and a Happy New Year to you and your family.
Vince
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/18/2000
01:00 PM ---------------------------
"Cantekin Dincerler" <[email protected]> on 10/17/2000 10:40:22 AM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: part-time work
Vince:
I enjoyed the lunch and part of your presentation last week (I had an other
engagement to attend to, and hence could not make it to the rest of the
presentation and reception following it).
I appreciate the part-time offer, however, I must admit that I did not find
the terms very favorable. Unlike a person who is permamently located in
Houston, I would have the inconvenience and cost of commuting between Austin
and Houston, and of accomodation both in Austin and Houston.
I really would love to work in the Research Group and am sincere about this.
I would just hope that you would consider compensating me at manager level
so that I can cover transportation, accomodation expenses and more
importantly, justify the decision to devote at least half of my time to
Enron away from my thesis.
I will be looking forward to hearing from you soon.
Best,
Cantekin Dincerler
Doctoral Candidate
The University of Texas at Austin
Graduate School of Business
Department of Finance
office: (512) 471-1676
fax : (512) 471-5073
home : (512) 472-5356
cell : (512) 680-5355
http://uts.cc.utexas.edu/~cantekin
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
06:10 PM ---------------------------
Vince J Kaminski
09/01/2000 04:35 PM
To: [email protected]
cc:
Subject: PApers
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/04/2001
05:35 PM ---------------------------
From: Martin Lin on 01/04/2001 02:15 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
cc:
Subject: IP technical document
Please find attached a PDF version of the IP technical document. Comments
are appreciated. If there are any changes that you need, please let me know.
Thanks,
Martin
|
Patricia,
Barbara Pierce did not show up on my list of people asking for a review.
Maybe a glitch in the system.
Vince
Patricia Payton@ENRON
11/22/2000 08:56 AM
To: [email protected]
cc:
Subject: Evaluation for Barbara Pierce
Thank you for agreeing to interview Barbara Pierce. Unfortunately we are
unable to proceed because we have not received all of her evaluations. Can
you please fax the evaluation to me at your earliest convenience at (713)
646-3441 and send the original via interoffice mail to EB1171.
Thanks Again,
Patricia
ext. 54903
|
Anita,
Done.
Vince
Anita DuPont@ENRON
03/09/2001 03:02 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Expense Report Approvals
Vince:
There are several expense reports in your Approval Que on XMS. Some of these
are for rather large amounts of money due to trips, conference fees, etc.
Thanks for handling these as soon as possible. Anita
|
Bjorn,
Let's meet 11:30 at the lobby. My cell phone number
is 713 410 5396, just in case.
Do you want me to make reservations? Can you drive
(I took a bus today)?
Vince
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/26/2001
04:47 PM ---------------------------
Enron North America Corp.
From: V Charles Weldon 01/22/2001 09:18 AM
To: Mike A Roberts/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Stinson
Gibner/HOU/ECT@ECT
cc:
Subject: Turnover Document
|
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