COMMODITY CAPITAL REQUIREMENTS
using it to invest in the marketable securities issued by the platform. What could be a safer investment for the Treasury team than a firms own credit risk? Therefore, by using Center you can mitigate credit risk,
be a responsible counterparty, save on financing costs and earn a relatively secure commercial return. And there are no legal costs or arrangement fees for using the Center platform, the cost is the carry, with added margins for the credit risk of theOTM trader and maintaining the system.
Summary Commodity markets have always been volatile and
future commodity trading market dynamics will change dramatically. Now that commodity markets are being captured under
Dodd-Frank and corresponding EU legislative packages, transparency will overcome OTC trading opaqueness and margining practices will be much improved. Ironically, however, by applying these regulations it will reveal the inherent risks in commodity trading and require billions of new capital which the current banking market cannot support, (even if it wanted to). Gaining access to margin capital could be a life or death
scenario for commodity trading firms. The Center solution represents a competitively priced workable solution. •
For more information on Center contact:
Aily Armour-Biggs, Advisory CEO, Global Energy Advisory. E:
aily@globlenergyadvisory.com
www.globlenergyadvisory.com
Footnotes: 1. Denmark is the current head of the rotating EU Presidency. 2. Bloomberg, 20th
January, 2011.
5th Annual
Optimizing Operational Efficiency in the Energy Trading Markets
April 19-20, 2012 | Houston, TX Achieving Back Office Efficiency Despite Regulatory Uncertainty
Attending this Premiermarcus evans Conference will Enable You to:
• Learn how the most recent Dodd-Frank rules being defined by the CFTC will impact back office operations
• Leverage comprehensive methods for trading compliance • Evaluate the effect the central clearing of trades will have on the standardization of trades and straight-through processing capabilities
• Assess the effects collateral and margin requirements will have on the back office
• Develop effective data management and information governance processes in the back office
• Determine where well-placed expenditures can provide major gains in operational efficiency
• Effectively integrate IT systems to improve operational efficiency in the back office
Featuring Case Studies from Leading Portfolio Management Experts Including:
• David Urwiler, Director, Program Management Bank of America Merrill Lynch Commodities
• Sri Rangan, Manager, Customer Support, Shell Energy • Judith Kim, FERC Attorney, Senior Regulatory Counsel, Direct Energy • Daniel Harris, Vice President, Risk Management Brookfield Renewable Power
• Christopher Haworth, Senior Director, Utility Accounting, Xcel Energy • Brian Goldstein, North America Upstream Compliance Manager Direct Energy
• Nick Galletti, Managing Director, Risk Management, ConEd • Miki Kolobara, Senior Counsel, Energy Transfer Partners • Cassandra Schultz, Vice President, Commercial and Risk Management Repsol Energy North America
For More Information,
Please Contact: Michele Westergaard T: 312 540 3000 ext. 6625
E:
Michelew@marcusevansch.com
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