Comment Text:
Teleconference with ONEOK
Wednesday, January 19, 2011
Memo from
Fajfar, Mark
CFTC Staff :
Mark Fajfar
External Attendees :
Pat McDonie (ONEOK)
John O’Dell (ONEOK)
Derek Reiners (ONEOK)
Ray Poudrier (ONEOK)
Vicky Hale (ONEOK)
Mike Pate (ONEOK)
Paul Architzel (Wilmer)
Additional Information :
ONEOK explianed how it uses swaps, and in particular the roles played by the various companies within the corporate group. The discussion focused on how swaps between affiliated companies would be treated in determining if any of the companies is a swap dealer. ONEOK explained the efficiency benefits of centralizing swap activities in one of its controlled companies.
