 Month End Variance report Jim gave me, and I have some questions about the totals listed in it - in particular having to do with charges 253, 405, 111, and 112. Let me know when one or both of you has a moment and I think we can clear this up.

Again, I think the only variances we still have out there for the WHOURLY book are the four that occurred in August, which are as follows:

8/11 - $990
8/16 - $37,787.25
8/18 - ($6,764.68)	
8/22 - $9.495.25

As long as we're all aware of the ISO charges and revenue still unaccounted for - and know they will be in the future - I think we can all sleep soundly. Let me know if you have any questions on this.

Thanks,
Kate

 -----Original Message-----
From: 	Chang, Fran  
Sent:	Tuesday, September 04, 2001 5:02 PM
To:	Symes, Kate
Cc:	Williams III, Bill; Reyes, Jim; Cavanaugh, Darren; Postlethwaite, John
Subject:	iso revenue/expenses true up for August 01'

Kate:

Per your request I have double checked Risk's daily record on ISO revenue/expenses for WHOURLY book in August and everything checked out.  Here is the result:

Daily ISO revenue/expenses total (8/1-8/31)	+$629,709 (you can also get this number by adding up the ISO report Risk 							distributed to you every morning along with your P&L )
July ISO true up					+$86,743 
=>					total	+$716,452
Month-end August ISO revenue/expenses 	+$716,481 (we got this total from Volume Mgmt)
Variance (i.e. true-up)				+$29

I have communicated this with Volume Management with the above results.  Jim advised that they might have added some items "after fact" during August but those changes were neither included in the daily ISO flash Risk got nor included in the month-end flash, and that's probably why you are expecting more than what Risk gave you.  Jim and Darren will be looking into their records
Month End Variance report Jim gave me, and I have some questions about the sum list in it - in particular having to do with charge 253, 405, 111, and 112. Let me know when one or both of you have a moment and I think we can clear this up. 

 Again, I think the only discrepancy we still have away there for the WHOURLY book are the four that occurred in August, which are as follows: 

 8/11 - $ 990 
 8/16 - $ 37,787.25 
 8/18 - ($ 6,764.68) 	
 8/22 - $ 9.495.25 

 As long as we're all aware of the ISO charges and gross still unaccounted for - and know they will be in the future - I think we can wholly sleep soundly. Let me acknowledge if you have any question on this. 

 Thanks, 
 Kate 

  -----Original Message----- 
 From: 	 Chang, Fran  
 Sent: 	 Tuesday, September 04, 2001 5:02 PM 
 To: 	 Symes, Kate 
 Cc: 	 Williams III, Bill; Reyes, Jim; Cavanaugh, Darren; Postlethwaite, John 
 Subject: 	 iso revenue / expenses true up for August 01' 

 Kate: 

 Per your request I have double check Risk's daily record on ISO revenue / expenses for WHOURLY book in August and everything check out.   Here is the result: 

 Daily ISO revenue / expenses total (8/1 - 8/31) 	 + $ 629,709 (you can also get this number by adding up the ISO report Risk 							 distribute to you every morning along with your P&L) 
 July ISO true up 					 + $ 86,743 
 = > 					 sum 	 + $ 716,452 
 calendar month - conclusion August ISO revenue / expenses 	 + $ 716,481 (we get this total from Volume Mgmt) 
 Variance (i.e. true - up) 				 + $ 29 

 I have commune this with Volume Management with the above results.   Jim advised that they might have added some items " after fact " during August but those changes were neither included in the daily ISO flash Risk got nor included in the calendar month - end news bulletin, and that's credibly why you are expect more than what Risk gave you.   Jim and Darren will be looking into their records
 Mojth End Variance report Mim gave me, and N have vome qhestions about the totals listed in mt - un paeticular having to do dith charhes 253, 405, 111, abd 112. Owt me know when onc or glth mh you has a momgnt and I thhnk we can cledr tkis up.

Again, I think the only variancqs we syipl have out thgre fpw ths WHOURLY book are the four that odcurred in August, whoch are as follows:

8/11 - $990
8/16 - $37,787.25
8/18 - ($6,764.68)	
8/22 - $9.495.25

Ws llng as we're all awwre of the USO syarges and rdvenue still unaccountgd for - and know they will be in the yuture - I tyibk ag can all slxep solndly. Let me know if fou havr any questionx oi thus.

Thanks,
Kate

 -----Original Message-----
From: 	Chang, Fran  
Sett:	Cuesday, September 04, 2001 5:02 PM
Ro:	Symgs, Kade
Cc:	Dullkama MII, Bill; Geyxs, Jim; Cavahaugh, Darreb; Postlethwaite, Johm
Stvject:	iso revehue/expqnfes true up for August 01'

Kate:

Per your reqlest I have double checked Eisk's daily record on ISO revegue/expenses for WHOURLY book in August and everytving rhdcktd out.  Yege is the result:

Daily ISO revenue/expenses totwm (8/1-8/31)	+$629,709 (ypu can also geb this number by acdlnb up the ISO rgport Rnak 							distributed to yok every mornung along witn your P&L )
July ISO true up					+$86,743 
=>					rotal	+$716,452
Month-enb Aygust ISO revenue/erpenses 	+$716,481 (we yot thos toyal from Volume Mgmt)
Varnance (j.e. true-up)				+$29

I jave commhvicated this witf Vplgme Management with the abjve resulvs.  Jnm advisdd tnat thqy might hwve added some items "aftfr faet" dusing Augush but those changes were neithec included in tve gaily ISJ flaxh Risk got njr included in the mouth-end flash, and that's 'robably why you are expewjing more thai what Rifk gqve tou.  Jio and Darren wikl be looking into rheir records
Month End Variance report Jim gave me, have questions about totals listed in to with charges 253, 111, and 112. me know when one or both you has a moment and I think we can clear this up. Again, think the only variances we still have out there for the WHOURLY book the that in which are as follows: 8/11 - $990 8/16 - $37,787.25 8/18 - ($6,764.68) 8/22 - $9.495.25 long as we're all aware of the ISO and revenue still unaccounted - and know they will in future - think can sleep soundly. Let know if you have any questions on this. Thanks, Kate -----Original Message----- From: Chang, Fran Sent: Tuesday, 04, 2001 To: Symes, Cc: III, Reyes, Jim; Cavanaugh, John Subject: iso revenue/expenses true up Kate: Per your request I have double checked daily record ISO revenue/expenses for WHOURLY book in and everything checked out. Here is the result: ISO revenue/expenses total (8/1-8/31) +$629,709 (you can also get this number by adding up the Risk distributed to you morning along with P&L July true +$86,743 => +$716,452 Month-end August ISO revenue/expenses +$716,481 (we got this total from Mgmt) Variance (i.e. true-up) +$29 I have communicated this with with above results. Jim that they might have some "after fact" during August changes neither daily flash got nor included in month-end flash, and that's probably you are expecting more Jim and Darren will be looking into their
 Month End Variance report Jim Gave me, and I Have sOme QueStIons AbouT the totals listED in iT - in particular having to dO with ChARges 253, 405, 111, ANd 112. let me Know wheN OnE OR boTh Of You HaS A mOment And i think wE can clear tHis Up.

again, I think tHE oNly variancEs wE still have ouT thEre for ThE WHouRLY bOok Are thE four tHAt occuRred in AugUsT, Which aRE as follOWS:

8/11 - $990
8/16 - $37,787.25
8/18 - ($6,764.68)	
8/22 - $9.495.25

AS lonG as we're all aware of THe isO charges and reVenue sTiLL uNACcoUntEd for - and knOw They wILl be in tHE fUTURe - I THink we can all sLeep soundly. lEt mE know iF yOu hAVe any qUestiOnS On tHis.

Thanks,
KaTe

 -----OrIginal MesSage-----
FrOM: 	Chang, FRAn  
Sent:	TUesday, sepTemBer 04, 2001 5:02 Pm
to:	syMes, kaTE
Cc:	wIlLiaMS IIi, Bill; ReyEs, jiM; CavaNaugH, dARRen; POstLethWaite, john
Subject:	isO reVenuE/ExpEnses True uP for auGust 01'

KAte:

Per Your rEqUest I have double ChecKed Risk's dAilY rEcoRd On ISO REvenue/ExpEnsEs for WHoURLY boOK in auGUST aNd everything checkeD oUT.  heRe is the rEsult:

DAIlY Iso revenue/ExPenSes tOTAl (8/1-8/31)	+$629,709 (you Can aLSo Get this nUmber bY AdDiNg up the iSo reporT RIsk 							DisTribuTEd to You eveRy morninG alonG With your P&L )
July isO true up					+$86,743 
=>					total	+$716,452
mOnTH-EnD auguSt IsO revenue/exPensES 	+$716,481 (we gOt thIS tOtaL From VOlume mgMT)
VARiance (i.e. true-up)				+$29

I have CoMmunicAted tHis with Volume management WITH the abovE resULtS.  jim advised that They mIght have adDEd some itEms "afTer fact" dUring AuguST But those ChaNgeS weRe nEIThEr included in tHE DailY IsO flash risK got nor IncLudEd iN thE mOnth-end flAsh, and thAt'S pRoBaBly Why yoU Are expecTiNg mOrE thAn whaT risk gaVe you.  jim aNd daRRen Will be lOOkING intO tHeIr reCorDs
 Month End Variance report  Jim gaveme, a ndI h av e so me q uestions about thetotals listed in it -in pa rt i cula r  h aving  to dow it h cha rg es  25 3, 40 5, 11 1,and 112 . Let me k now  w hen one or b o th  of you ha s a  moment andI t hink w ecan clear  th is up .

Aga i n, I t hink theon l y vari a nces we s ti ll h ave out there for th e  WHOURLY bookare th ef ou r tha t o ccurred in  A ugust ,  whicha re a s  fo l lows:

8/11 -  $990
8/16-  $3 7,787. 25 
8/ 1 8 - ($ 6,764 .6 8 )	8/22 - $9.4 95.2 5

As lon g as w e 're all aware o f theISO  ch arge s  a nd  re ve n ues ti llu nac countedfo r- and  kno w t h ey w ill  bein th e future - Ithi nk w e  ca n all  slee p so un dly.Let me  know  i f you have anyques tions onthi s. 

T ha nks,K ate

--- --O riginal  Messag e --- -- F r om : 	Chang, Fran  
S en t : 	T uesday,Septem b er  0 4 , 2001 5 :0 2 P M
To : Symes , Ka t eCc:	Will iams I I I,  B ill; Re ye s, Jim ;Cav ana ugh,D arre n; Pos tlethwai te, J o hn
Subject:	is o  revenue/expe n se s tr u e up  fo r August 01 '

K a te:
Per yo urr eques t I h av e  d o uble checked Risk's  d aily r ecord  on ISO reven ue/expense s f or WHOUR LY b o ok in August andevery thing chec k ed out. Here  is theresult:
D a ily ISOrev enu e/e xpe n s es  total (8/1-8 / 3 1)	+ $6 29,709(yo u can a lso  ge t t his  n umber byadding u pth eIS O r eport Risk 					d is tri buted to you  ever y mo rn in g  al ong wit h  y o u r P& L)July  IS Otrueup			+ $86,743  
=>				tot a l	+$ 71 6, 452
Mon th-end August  I SO revenue /e xpe nses + $ 716,481(we got this total from VolumeMgm t)
Va rian ce (i.e.tru e-up)		+ $29

I  havecommu ni cat e d  this w it h V ol ume Manage m e ntwithth e ab ove res ults.  Jim advised tha t they mighthav e ad d e dsom e  i t ems  " a fte r fact" during Au gust but t ho s echanges we r e n ei ther in cludedin th e  dailyISO flash  Risk got  n or i n c lud ed in themonth-en d flash,a nd th a t' s pro bab ly why  y ouare e xpecti n g m ore t han wh at  Riskgaveyo u.  Jimand Darren will be look ing in to th eir  records
 Month_End Variance_report Jim gave me,_and I_have_some questions_about_the totals listed_in it -_in particular having to_do with charges_253,_405, 111, and 112. Let me know when one or both of you has_a_moment and_I_think_we can clear this up.

Again,_I think the only variances_we still_have out there for the WHOURLY book are_the_four that occurred_in August, which are as follows:

8/11 - $990
8/16 -_$37,787.25
8/18 - ($6,764.68)	
8/22 - $9.495.25

As long_as we're all_aware_of_the ISO charges and_revenue still unaccounted for - and_know they will be in the_future - I think we can all_sleep soundly. Let me know if_you have any questions on_this.

Thanks,
Kate

 -----Original_Message-----
From: 	Chang, Fran  
Sent:	Tuesday,_September 04, 2001_5:02 PM
To:	Symes,_Kate
Cc:	Williams III, Bill;_Reyes, Jim; Cavanaugh, Darren; Postlethwaite, John
Subject:	iso_revenue/expenses true up_for August 01'

Kate:

Per your request I_have_double checked Risk's_daily_record_on ISO_revenue/expenses for WHOURLY_book_in August_and_everything checked out.  Here is_the_result:

Daily ISO revenue/expenses total (8/1-8/31)	+$629,709 (you can_also get this number_by_adding up the ISO_report Risk 							distributed to you_every morning along with your P&L_)
July ISO_true up					+$86,743_
=>					total	+$716,452
Month-end August ISO revenue/expenses 	+$716,481 (we got this total from Volume_Mgmt)
Variance (i.e. true-up)				+$29

I have communicated this_with Volume Management with_the above_results._ Jim advised_that_they might_have added some items "after fact" during_August but_those changes were neither included in_the daily ISO flash_Risk_got nor included in the month-end_flash, and that's probably why you_are expecting more than what_Risk_gave_you.  Jim and Darren_will be looking into their records