Tag Archives: Commodity Energy Trading and Risk Management -Etrm

Take that Hill: Improving C/ETRM Software implementations

Post by admin on May 10, 2017

Companies undertaking implementation of C/ETRM systems seek to reduce the risk of delays and exceeding budget.  Actively collaborating creates a foundation for finding effective solutions and an environment where both vendor and customer have skin in the game and failure is not an option. To accommodate this process, following an iterative implementation methodology such as an Agile process is imperative. This approach provides flexibility and adaptability to changes that invariably arise during the process and is designed to deliver small “wins” that demonstrate success, project momentum and therefore a positive customer experience.

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Credit Value Adjustment (CVA): Challenges and How to Manage

Post by admin on May 15, 2013

Written by Uday Baral, Pioneer Solutions’ President/CEO

Are you prepared for financial regulations related to Credit Value Adjustments and Fair Value Disclosure?

finregTwo counterparties are taking market risks as they enter into a trade. In addition, they are also taking credit risks against each other, due to counterparty default (i.e., counterparty credit risks).  Credit risks should be adjusted appropriately with credit/debt value adjustments (i.e., CVA/DVA) in order to reflect the adjusted value of the portfolio.

The FASB and IFRS accounting standards require fair value adjustments, due to credit risks. These requirements are dealt with in ASC815 (FAS133) and ASC820 (FAS 157) FASB standards in the US. Similarly, IFRS standards IFRS7, IFRS9 and IFRS13 define these requirements. Fair value hierarchy disclosure is also required by both FASB and IFRS standards.

While the concepts of these requirements are simple, proper implementation could not be more complex. Because of this, companies will require a solution that requires tight collaboration among market and credit risks and derivative accounting processes/solutions.

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Join Pioneer Solutions at 17th Annual Energy Risk USA

Post by admin on May 3, 2013

It is that time of year again—Energy Risk USA 2013 is rapidly approaching and associate sponsor, Pioneer Solutions, is eagerly preparing for what is expected to be a great event. The 17th annual Energy Risk USA will take place May 14-15th at the Hilton Houston Post Oak in Houston, Texas. Preand post-conference workshops will take place May 13th and 16th, respectively.

This year, representatives from Pioneer will be on-site to answer questions and discuss their next generation C/ETRM solutions.

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Justification for a New Energy Trading Risk Management -ETRM System

Post by admin on May 16, 2012

most improved

Why Companies Should Implement an Energy Trading & Risk Management (ETRM) System?

  1. The goal of implementing an ETRM system is to improve the bottom line performance of a corporation through superior business insight while capturing, normalizing, managing and mitigating risk proactively.
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