aim to reduce settlement risk by increasing the use of
play

Aim to reduce settlement risk by increasing the use of payment - PowerPoint PPT Presentation

Aug 10, 2023 •12 likes •42 views

Aim to reduce settlement risk by increasing the use of payment netting and reducing settlement times in the European energy industry (Version 1.6) Solution: 10 th business day of the following month becomes Business Day Definition due date for

  1. Aim to reduce settlement risk by increasing the use of payment netting and reducing settlement times in the European energy industry (Version 1.6) Solution: 10 th business day of the following month becomes Business Day Definition due date for European Gas and Power Business day Defintion: Any week day that EUR and GBP can both move. Approach: 1) European Energy Settlement Calendar agreed 2005 2006 [IN PROGRESS] 2) Cross Product Payment Netting Agreement drafted GBP EUR Non-Business GBP EUR Non-Business Holiday Holiday Days Holiday Holiday Days [ONGOING] 3) Individual Master Agreements linked after std. reviews 03-Jan 03-Jan 02-Jan 02-Jan 25-Mar 25-Mar 25-Mar 14-Apr 14-Apr 14-Apr Costs and Challenges Benefits 28-Mar 28-Mar 28-Mar 17-Apr 17-Apr 17-Apr 02-May 02-May 01-May 01-May 01-May 1) Completing payment cycle by Basle calculation methodology the 10 th business day when 30-May 30-May 29-May 29-May 8% risk capital requirement 29-Aug 29-Aug 28-Aug 28-Aug receiving ZBT allocations on the 20% p.a risk capital charge 26-Dec 26-Dec 26-Dec 25-Dec 25-Dec 25-Dec 3 rd or 4 th business day CP A: Paying 5 mn for NBP Gas 27-Dec 27-Dec 26-Dec 26-Dec 26-Dec 2) Peak in workload of Back Office CP B: Paying 5 mn for UK Power Settlement Cycle due to shorter settlement times => 5 mn residual amount not netted 3) Cross Currency Netting mechanics (concept 8% x 5 mn = 0.40 mn Commodities with Commodities without established) Calendar Day Allocations (e.g ZBT) Allocations (all other) 0.40 mn x 20% = 0.08 mn p.a Fr 01-Apr-05 1 Prepare allocations Prepare invoices 1 Mo 04 Apr-05 2 ALLOCATIONS 2 Both CP’s save 0.08 mn per year Di 05-Apr-05 3 Send allocations INVOICING CP 3 Mi 06-Apr-05 1 Prepare invoices 4 Stages and Scope Do 07-Apr-05 2 INVOICING CP Send Invoices 5 1) Same currency Gas & Power Fr 08-Apr-05 3 Send invoices Validate invoices 1 2) Cross currency Gas & Power Mo 11-Apr-05 1 Validate invoices Netting Statement 2 Di 12-Apr-05 2 Payment process starts 3 Trial: Live since October-04 (same currency netting) Mi 13-Apr-05 3 PAYING CP 4 Do 14-Apr-05 4 Payment of Net amount due 5 –more trial participants welcome To find out more contact: Jon Cameron, Payment Netting Working Group Chair, jon.cameron@rwe.com or visit www.efet.org

  2. Settlement Cycle Commodities with Commodities without Allocations (e.g ZBT) Allocations (all other) Calendar Day Fr 01-Apr-05 1 Prepare allocations 1 Prepare invoices Mo 04 Apr-05 2 ALLOCATIONS 2 Di 05-Apr-05 3 Send allocations INVOICING CP 3 Mi 06-Apr-05 1 Prepare invoices 4 Do 07-Apr-05 2 INVOICING CP 5 Send Invoices Fr 08-Apr-05 3 Send invoices 1 Validate invoices Mo 11-Apr-05 1 Validate invoices Netting Statement 2 Di 12-Apr-05 2 3 Payment process starts Mi 13-Apr-05 3 PAYING CP 4 Do 14-Apr-05 4 Payment of Net amount due 5

  3. Business Day Definition Business day Defintion: Any week day that EUR and GBP can both move. 2005 2006 GBP EUR Non-Business GBP EUR Non-Business Holiday Holiday Days Holiday Holiday Days 03-Jan 02-Jan 03-Jan 02-Jan 25-Mar 14-Apr 25-Mar 25-Mar 14-Apr 14-Apr 28-Mar 17-Apr 28-Mar 28-Mar 17-Apr 17-Apr 02-May 01-May 02-May 01-May 01-May 30-May 29-May 30-May 29-May 29-Aug 29-Aug 28-Aug 28-Aug 26-Dec 26-Dec 26-Dec 25-Dec 25-Dec 25-Dec 27-Dec 26-Dec 27-Dec 26-Dec 26-Dec Published by EFET Payment Netting Working Group www.efet.org

Recommend

Reduce MSA Costs With Structured Settlements Presented by Kerri Poe Atlas Settlement Group,

Reduce MSA Costs With Structured Settlements Presented by Kerri Poe Atlas Settlement Group,

Reduce MSA Costs With Structured Settlements Presented by Kerri Poe Atlas Settlement Group, Inc. What is a Structured Settlement? A structured settlement is a stream of tax-free, secure, periodic payments paid over time to an injured worker.

432 views • 15 slides
Operational Risk What it is and how to reduce it Session Overview What is Operational Risk

Operational Risk What it is and how to reduce it Session Overview What is Operational Risk

Operational Risk What it is and how to reduce it Session Overview What is Operational Risk Common Risk Types and Categories What to Assess Most Overlooked Items Simplified Rating Risk and Reporting Mitigation Strategies

621 views • 35 slides
Risk Assessment Reduce the workers and Biosafety is an inexact science, and

Risk Assessment Reduce the workers and Biosafety is an inexact science, and

Risk Analysis Biosafety Risk assessment, Risk Risk analysis encom passes Management & risk risk assessm ent, risk communication m anagem ent, and risk com m unication. Ephy Khaemba International Livestock Research Institute

506 views • 11 slides
To quantify the risk of an uncontrolled release of hydrogen sulphide H 2 S in a well near to

To quantify the risk of an uncontrolled release of hydrogen sulphide H 2 S in a well near to

Reason for doing the work To quantify the risk of an uncontrolled release of hydrogen sulphide H 2 S in a well near to a human settlement. To ascertain those risks. To determine how to reduce those risks to ALARP (as low as reasonably

245 views • 22 slides
Fund for Lake Michigan The Fund was established in 2008 as part of a settlement over the Oak

Fund for Lake Michigan The Fund was established in 2008 as part of a settlement over the Oak

Fund for Lake Michigan The Fund was established in 2008 as part of a settlement over the Oak Creek Power Plant. The settlement calls for payments of $4 million per year for 25 years to support projects that address, reduce and

303 views • 5 slides
Increasing Efficiency to Reduce GHG Emissions Genetics Disease Management 2 Healthier Cows

Increasing Efficiency to Reduce GHG Emissions Genetics Disease Management 2 Healthier Cows

Increasing Efficiency to Reduce GHG Emissions Genetics Disease Management 2 Healthier Cows Reduce GHG Emissions Salmonella BVD Infertility Fluke IBR Lameness Mastitis 0% 5% 10% 15% 20% Increase in GHG emissions per 1,000L Source:

169 views • 5 slides
11/12/2018 Is it Possible to Reduce My Risk for Alzheimer's Disease ? An Overview of Current Risk

11/12/2018 Is it Possible to Reduce My Risk for Alzheimer's Disease ? An Overview of Current Risk

11/12/2018 Is it Possible to Reduce My Risk for Alzheimer's Disease ? An Overview of Current Risk Reduction Strategies Dorothy Farrar Edwards PhD, Professor of Medicine and Kinesiology Core Leader: Outreach, Recruitment and Education Core,

733 views • 13 slides
PERMiT Pipeline Erosion Risk Mitigation Toolkit Reduce erosion risk while optimizing

PERMiT Pipeline Erosion Risk Mitigation Toolkit Reduce erosion risk while optimizing

PERMiT Pipeline Erosion Risk Mitigation Toolkit Reduce erosion risk while optimizing production PERMiT is a unique tool designed to predict and mitigate erosion risk. It helps with design and operation of oil and gas pipelines within

530 views • 14 slides
Following your Treatment Plan to Reduce your Risk of a Second Event Created with an educational

Following your Treatment Plan to Reduce your Risk of a Second Event Created with an educational

Reducing your Risk of Heart Disease Webinar Series Following your Treatment Plan to Reduce your Risk of a Second Event Created with an educational grant from: Part 2 April 18, 2019 Presenters Andrea Baer, MS, BCPA Director of

680 views • 32 slides
Increasing return response to changes in risk Mehmet Dicle Loyola University New Orleans New

Increasing return response to changes in risk Mehmet Dicle Loyola University New Orleans New

Increasing return response to changes in risk Mehmet Dicle Loyola University New Orleans New Orleans, LA 70118 March 9, 2018 Dicle Increasing return response to changes in risk Briefly... A positive and marginally diminishing relationship

296 views • 17 slides
We need drugs that New treatments, new mechanisms of action Cathepsin K inhibitors

We need drugs that New treatments, new mechanisms of action Cathepsin K inhibitors

7/25/2014 What we have today New Osteoporosis Treatments Treatments that reduce the risk of vertebral fractures by 50 to 80% Mary L. Bouxsein, PhD Department of Orthopedic Surgery Treatments that reduce the risk of non-vertebral

419 views • 10 slides
VW Settlement Update Andrew DeCandis Settlement Breakdown Total Settlement to Date: $14.7

VW Settlement Update Andrew DeCandis Settlement Breakdown Total Settlement to Date: $14.7

VW Settlement Update Andrew DeCandis Settlement Breakdown Total Settlement to Date: $14.7 Billion $10.0B: Vehicle Buyback and Modification $ 2.0B: Zero Emission Vehicle Investment Electrify America $ 2.7B: Environmental

429 views • 11 slides
1 Not Notion on of of Risk Risk Risk societies societies might reduce social

1 Not Notion on of of Risk Risk Risk societies societies might reduce social

Ar Are In Inti timate Pa Partner Vi Viol olence ence (IP (IPV) risk risk as asse sessm ssment tools tools racially lly bi biase ased? Kathleen J. Ferraro, Ph.D. & Neil S. Websdale, Ph.D. Family Violence Institute Northern Arizona

440 views • 10 slides
Rethink Your Machine Risk Strategy to Identify and Reduce Costly Risks Machine Risk

Rethink Your Machine Risk Strategy to Identify and Reduce Costly Risks Machine Risk

Machine Risk Assessments Safety Standards Training Validation Machine Safety Integration Engineering Consulting Rethink Your Machine Risk Strategy to Identify and Reduce Costly Risks Machine Risk

668 views • 32 slides
EU Settlement Scheme What? Who? Why? How? www.strongertogetherni.org EU Settlement Scheme What

EU Settlement Scheme What? Who? Why? How? www.strongertogetherni.org EU Settlement Scheme What

EU Settlement Scheme What? Who? Why? How? www.strongertogetherni.org EU Settlement Scheme What does it mean for me? EU/EEA citizens and their family members need to apply to the EU Settlement Scheme to continue living in the UK. The

283 views • 12 slides
Blood Pressure Control to Reduce your risk of a second event Created with an educational grant

Blood Pressure Control to Reduce your risk of a second event Created with an educational grant

Reducing your Risk of Heart Disease Webinar Series Blood Pressure Control to Reduce your risk of a second event Created with an educational grant from: Part 3 May 2, 2019 Presenters Andrea Baer, MS Director of Patient Advocacy and

512 views • 40 slides
Mars Settlement Design Eurekas Goal: Overcome the Steelman Arguments Answer all

Mars Settlement Design Eurekas Goal: Overcome the Steelman Arguments Answer all

Mars Settlement Design Eurekas Goal: Overcome the Steelman Arguments Answer all reasonable challenges to Space Settlement in the most cost effective and low-risk ways possible Technology Issues Investment Issues This Photo by

591 views • 47 slides
Do informal risk-sharing groups reduce the challenge of

Do informal risk-sharing groups reduce the challenge of

Do informal risk-sharing groups reduce the challenge of providing weather indexed insurance products? Evidence from a randomized <ield experiment in

437 views • 25 slides
Radiation Safety: How Can We Reduce Risk? Rya n K o hlb re nne r, MD Assista nt Pro fe sso r o f

Radiation Safety: How Can We Reduce Risk? Rya n K o hlb re nne r, MD Assista nt Pro fe sso r o f

4/17/2018 Radiation Safety: How Can We Reduce Risk? Rya n K o hlb re nne r, MD Assista nt Pro fe sso r o f Clinic a l Ra dio lo g y Unive rsity o f Ca lifo rnia , Sa n F ra nc isc o Financial Disclosures No ne 1 4/17/2018 Outline

206 views • 17 slides
Skin Cancer DR M I CHE LLE WHI TE M BBS FRACG P AUS TR ALI A How Can You Reduce Your Risk? R

Skin Cancer DR M I CHE LLE WHI TE M BBS FRACG P AUS TR ALI A How Can You Reduce Your Risk? R

Skin Cancer DR M I CHE LLE WHI TE M BBS FRACG P AUS TR ALI A How Can You Reduce Your Risk? R ED U C E OVER EXPOSU R E T O U V SU N LIGH T T H AT D AMAGES SKIN C ELLS D N A & SU PPR ESSES SKIN IMMU N E SYST EM Skin Checks Avoid

581 views • 6 slides
Reduce to the max Reduce to the max Efficient solutions for mid size problems in

Reduce to the max Reduce to the max Efficient solutions for mid size problems in

Reduce to the max Reduce to the max Efficient solutions for mid size problems in interest rate derivative pricing and risk management at RLB OOE Stefan Fink Stefan Fink Raiffeisenlandesbank O, Treasury

610 views • 48 slides
ARRIVE (Aspirin to Reduce Risk of Initial Vascular Events): A Study to Assess the Efficacy and

ARRIVE (Aspirin to Reduce Risk of Initial Vascular Events): A Study to Assess the Efficacy and

ARRIVE (Aspirin to Reduce Risk of Initial Vascular Events): A Study to Assess the Efficacy and Safety of Aspirin in Patients at Moderate Risk of Cardiovascular Disease J. Michael Gaziano, M.D., M.P.H. European Society of Cardiology August 26 th

352 views • 7 slides
Investor-state dispute settlement under TTIP - a risk for environmental regulation? Christiane

Investor-state dispute settlement under TTIP - a risk for environmental regulation? Christiane

www.ecologic.eu Investor-state dispute settlement under TTIP - a risk for environmental regulation? Christiane Gerstetter Ecologic Institute (www.ecologic.eu) www.ecologic.eu Basis: Two studies Legal Implications of TTIP for the Acquis

310 views • 17 slides
Agricultural Risk Management Seminar 27-28 June 2018 | Lusaka, Zambia Increasing Agriculture

Agricultural Risk Management Seminar 27-28 June 2018 | Lusaka, Zambia Increasing Agriculture

Capacity Development Agricultural Risk Management Seminar 27-28 June 2018 | Lusaka, Zambia Increasing Agriculture Resilience through Better Risk Management in Zambia A Report of findings by IBRD . IDA / The World Bank Group (2018) Presented by

560 views • 32 slides

More recommend