Energy Trading Risk Management Checklist
Minimize financial exposure in volatile energy markets. This Energy Trading Risk Management Checklist ensures robust controls, regulatory compliance, and proactive mitigation of potential losses. Stay ahead of the curve and protect your trading operations.
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Market Data & Pricing
Verification of data sources, pricing accuracy, and market information integrity.
Data Source Update Date
Price Deviation Threshold (%)
Data Source Validation Status
Notes on Data Anomalies
Last Data Refresh Time
Average Price Variance (Ticks)
Counterparty Credit Risk
Assessment of counterparty financial health, credit limits, and collateral management.
Counterparty Credit Limit
Credit Rating Agency Rating
Last Credit Review Date
Collateral Posted (Value)
Collateral Type
Summary of Creditworthiness Assessment
Credit Report
Regulatory Compliance
Ensuring adherence to relevant energy trading regulations (e.g., FERC, EMIR, Dodd-Frank).
Applicable Regulations
Reporting Frequency (Days)
Last Compliance Review Date
Summary of Compliance Review Findings
Supporting Documentation (e.g., Compliance Certificates)
Reporting Status
Position Limits & Reporting
Monitoring trading positions against regulatory limits and accurate reporting to governing bodies.
Current Position (Megawatt Hours)
Regulatory Position Limit (Megawatt Hours)
Reporting Frequency
Last Reporting Date
Reporting Submission Time
Reporting Jurisdiction
Supporting Documentation (e.g., trade confirmations)
Model Risk Management
Validation and monitoring of pricing models and risk assessment tools.
Model Validation Frequency (Months)
Model Type
Model Assumptions & Limitations
Model Validation Report
Date of Last Validation
Model Error Rate (e.g., MAPE)
Description of Model Enhancements Implemented
Operational Procedures
Review of order execution processes, settlement procedures, and reconciliation practices.
Order Routing Method
Trade Execution Timestamp
Trade Volume
Confirmation Details/Notes
Settlement Date
Settlement Type
Trade Confirmation Sign-off
Cybersecurity & Data Security
Assessment of system vulnerabilities and data protection measures related to trading platforms and data storage.
Firewall Configuration Status
Last Password Reset Cycle (Days)
Vulnerability Scan Results - Critical Findings
Last Security Awareness Training Completion Date
Description of Data Encryption Methods
Security Audit Report
Stress Testing & Scenario Analysis
Evaluation of portfolio resilience under adverse market conditions and stress events.
Price Shock Magnitude (%)
Volume Change Factor
Scenario Start Date
Duration (Days)
Affected Assets
Scenario Narrative
Portfolio P&L Impact ($)
Record Keeping & Audit Trail
Verification of comprehensive trade records and audit trails for regulatory scrutiny.
Trade Date
Trade Time
Trade Volume
Price per Unit
Product Traded
Notes/Comments (e.g., rationale for trade)
Supporting Documentation (e.g., contracts, agreements)
Trader Signature
Business Continuity & Disaster Recovery
Review of plans to maintain trading operations during disruptions and emergencies.
Last BCP/DRP Review Date
Summary of Key BCP/DRP Actions Taken Since Last Review
BCP/DRP Activation Status
Estimated RTO (Recovery Time Objective) in hours
Estimated RPO (Recovery Point Objective) in hours
BCP/DRP Documentation (Latest Version)
Alternate Trading Location Tested (Y/N)
Notes/Observations from Recent Testing/Drills
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