| 2.55
Moderated
Q & A plenary session: Implications for the global energy industry of e-commerce Moderated by Ben Pratt, Trading Architecture and Advanced Applications, KOCH INDUSTRIES •
Assessing
how e-commerce can be profitable to an energy company |
| 3.40
Developing an integrated IT strategy • Effectively integrating information developed at resource level – what to do with that information • Ensuring your system can support dynamic asset modelling • Developing effective and efficient internal models • Developing architecture within existing systems Ben Pratt Director, Trading Architecture and Advanced Applications KOCH INDUSTRIES |
| 4.20
Implementing advanced risk systems • Using measures of performance – cashflow return on investment – RAROC and methodologies required to support RAROC • Examining your application architecture • Determining the best methodologies used to apply analytics – defining parameters – making computational choices – selecting the appropriate data – data synthesis decisions – making assumptions – choosing valuation models Craig Brown Senior Manager, DELOITTE & TOUCHE |
| 5.00
Applying analytics effectively • Monte Carlo • Setting parameters for mean reversion • C-VAR Brett Humphreys RISK CAPITAL MANAGEMENT |
| 10.55
Practical insights into quantifying and managing operational risk • Defining operational risk within an organisation • Identifying different risk areas within an organisation – people – computers (data input) – physical assets – communication lines • Managing operational risk effectively • Understanding the correlation between systemic risk and operational risk • Calculating potential losses and ensuring contingency plans are in place Ruth Sotak Senior Vice President, Operations AQUILA ENERGY |
| 11.35
Effective risk control for electricity trading • Preparing for the uniqueness of electricity trading • The necessity to integrate management of trading, generation, operation and credit risks • Decomposing electricity trading risk • Optimal design of the risk books • Controlling spike and swing risks • Managing long-dated exposures • What we have learned from the summers of 1998 and 1999 Kenneth Leong Manager, Risk Control and Compliance CINERGY INC. |
| 12.15
CCOUNTING UPDATE: Evaluating the implementation of FASB 133 • Understanding the impact of FASB 133 on hedging strategies and risk management • Marking derivatives to market successfully • Ensuring effective IT systems are in place to implement FASB 133 • Recognising the effect of FASB 133 on the volatility of reported earnings • Determining whether derivatives constitute hedging instruments under FASB 133 Kevin Vann Manager, Accounting, Structure & Risk WILLIAMS ENERGY |
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Day
Two - Stream Two, 10 May 2000
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| Risk
Measurement, Management and Control *(Move the mouse over the description marked with a star for further details) |
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