Back Office Operational Efficiency in the Energy Trading Market Brochure

Learn & shareto improve practical experiences standardize, and automate energy trading operations.” With the significant growth of the North American energy trading market, it's essential to review processes and improve back office operations. This unique event will gather leadingpractitioners from energy and financial markets to discuss how to efficientlyincrease automation and progress toward industry standardization.March 12-13, 2009Marriott Houston West Loop | Houston, TXBook Online At:www.marcusevansbb.com/BackOffice2009• Examine the gains energy trading operations have madein becoming more automated and standardized to evaluate progress and discuss room for improvement• Explore the effects of the reorganization of energy marketsand new trading regulations on operational proceduresto best adjust back office processes • Assess the consequences of the current volatility of economicmarkets to understand how back office functionswill be influenced• Determine the best methods for managing effective communication and teamwork between all offices to ensure operations is running as smoothly as possible • Gauge shifts in operational and counterparty risk to make certain companies are prepared to respondAttending this Premier marcus evansConference will Enable You to:Conference Chairperson:Jeff GerlDirector of Credit Risk ManagementShell Energy North AmericaCurrent Speakers Include:William Hirshorn Managing Director, Head of GlobalCommodities Operations Morgan Stanley Co-Chair ISDA Commodities OperationsWorking Group Co-ChairOMG/Commodities OperationsMajor Dealers' GroupJoann BonannoLEAP SecretaryLEAPTeam Lead, Trading BPM, Global Supply & TradingChevron CorporationTricia NguyenManager, Middle Office OperationsHess CorporationKevin SweeneyDirector of Americas Commodity OperationsMerrill Lynch & Co., Inc.Frank McCammonIS Director, Merchant SystemsCalpine CorporationBjornar EideDirector, Risk ManagementSempra Energy UtilitiesJoseph KluczynskiManager – Business Process ImprovementAmerican Electric Power Company, Inc.Roberto PasquaChief Financial OfficerEni S.p.A.Jeff GerlDirector of Credit Risk ManagementShell Energy North AmericaLuis CasasTrade Contracts Manager for PhysicalCrude/Products and DerivativesBPMaxwell BulkCommodities OperationsGoldman SachsJason RobertsDirector, Operational RiskSequent Energy ManagementMichael SullivanManaging Director RTO and Commodity SettlementsAmerican Electric Power Company, Inc.Michael StrongManager, Settlements and Systems San Diego Gas & Electric CompanyDavid HadenManager, SettlementsLS PowerMatt FryeVice PresidentNGX U.S.Carrie SlagleDirector, ICE eConfirmIntercontinentalExchange, Inc.Who Should Attend:marcus evans invites C-Level Executives, EVPs, SVPs, VPs,Directors, Heads, and other Senior Executives from the energy,banking, and trading industries across North America.The delegation will include those involved in the following roles:• Back Office• Energy Operations• Clearing• Settlement • Commodities• Operational Risk• Accounting• Collateral• ITExploring Solutions to Increase Standardizationand Improve Energy Trading Operations2nd AnnualBack Office Operational Efficiencyin the Energy Trading MarketMedia Partners:DAY ONE | THURSDAY, MARCH 12, 20098:00 Registration 8:45 Opening Remarks by ChairpersonJeff Gerl, Director of Credit Risk ManagementShell Energy North America9:00Analyzing Manual Breaks in Straight Through Processingto Assess Where Improvement Can be Made• Determining which spreadsheets are necessary and which onescan be eliminated• Detecting where STP can be leveraged • Reorganizing the IM and fax system to classify sections of inherent waste• Weighing the benefits of the human touch with the speedof automation to customize operational change Tricia Nguyen, Manager, Middle Office OperationsHess Corporation9:45Discussing LEAP's Progress to Understand the Changing Face of the Physical Oil Market• Examining the development of master agreements to assessthe impact on contracts• Determining what efficiencies are being created through the program • Analyzing the consequences on operations to see how processes are being automated• Evaluating how the dealings between counterparties will be alteredby LEAP's methodologies Joann Bonanno, LEAP SecretaryLEAPTeam Lead, Trading BPM, Global Supply & TradingChevron Corporation10:30 Networking Break11:00Exploring Clearing in the Physical Gas Market• Looking at how clearing works specifically for this market• Uncovering the trouble and the benefits of employing clearingin this area• Clarifying the big push from the front office to go this route• Assessing the tools being used to clear physical gas tradesMatt Frye, Vice PresidentNGX U.S.11:45Updating the Development Status of Automated Confirmationand Settlement Matching Tools• Examining counterparty and broker confirmation matching opportunities available today• Discussing opportunities for expanding confirmation matchingto new commodity markets• Reviewing settlement matching, how the software may work,and how it will fit in with other systems• Analyzing why many feel these automated matching toolsare essential and considering how quickly they will be absorbedby the marketplaceCarrie Slagle, Director, ICE eConfirmIntercontinentalExchange, Inc.12:30 LunchEXAMINING THE GAINS IN AUTOMATION AND STANDARDIZATION WITHIN ENERGY TRADING OPERATIONS1:30Comparing Confirmation Tools to Scrutinize What Counterpartiesare Using and Why • Inspecting the new tools that are emerging to considerhow they will affect the market• Appraising eConfirm, ConfirmHub, and other confirmation platforms to assess their plusses and minuses• Examining why some counterparties aren’t yet utilizing electronic confirmations to see how they can be encouraged to automate• Exploring why companies favor one tool over the other • Discussing the possibility of making the variousplatforms interoperationalLuis Casas, Trade Contracts Manager for PhysicalCrude/Products and DerivativesBP2:15 Panel Mastering Back Office Operations in Unstable Financial Markets• Evaluating the state of the industry, how things are changing,and what that means for people in the back office• Determining how tighter budgets will impact the back officeand deciding where cuts can be made• Confronting what less liquidity means for the types of deals being done and the subsequent consequence on back office functions• Exploring ways in which the industry will move toward overall operational consistency• Discussing the proposed debate surrounding the eliminationof mark-to-market accounting• Examining how increasing margins and rising costs for doing business create new challenges for the back officeModerator:Jeff Gerl, Director of Credit Risk ManagementShell Energy North AmericaPanelists:Bjornar Eide, Director, Risk ManagementSempra Energy UtilitiesRoberto Pasqua, Chief Financial OfficerEni S.p.ACarrie Slagle, Director, ICE eConfirmIntercontinentalExchange, Inc.3:00Adapting Back Office Functions to be Compatible with Front Office Trading Innovation• Managing the effects of the changing front office operationally • Establishing new business units to cope with the demands of new approaches to trading• Identifying how to be proactive about what the trader is doing instead of reactive• Staying in front of new deals to keep the back office from getting behindJeff Gerl, Director of Credit Risk ManagementShell Energy North AmericaASSESSING THE CONSEQUENCES OF THE CURRENT VOLATILITYOF ECONOMIC MARKETS ON THE BACK OFFICE PRODUCER INFOI would like to thank everyone who has assisted with the researchand organization of the event, particularly the speakers for theirsupport and commitment. Liz Kauder, lizk@marcusevansch.com.Booking Info: www.marcusevansbb.com/BackOffice2009marcus evans is registered with the National Associationof State Boards of Accountancy (NASBA) as a sponsorof continuing professional education on the NationalRegistry of CPE Sponsors. State boards of accountancy havefinal authority on the acceptance of individual courses for CPE credit.Complaints regarding registered sponsors may be addressed to theNational Registry of CPE Sponsors, 50 Fourth Avenue North, Nashville,TN, 37219-2417. Web site: www.nasba.org. BUSINESS OPPORTUNITIESA limited amount of exhibition space is available at the conference.Sponsorship opportunities covering luncheon, evening functions,and documentation also exist. For further details, please contactNatakii David capitalmarkets@marcusevansbb.comDAY ONE | CONTINUED3:45 Networking Break 4:15Negating Risk Within Energy Trading Operations to Eliminate Waste• Improving systems to make them more robust• Overcoming the risk challenges of back office integration• Discovering ways in which to best organize and govern groupsto address operational risk • Assessing ways by which invoicing problems can be avoidedJason Roberts, Director, Operational RiskSequent Energy Management5:00 Roundtable Appraising the State of OTC Trading to Understand How the Marketis Moving and the Subsequent Effects on the Back Office• Forecasting new trends that may emerge to prepare the back office for changes in operations• Analyzing the future of novations, their automation, and keeping up with them in the back office • Calculating the advantages and disadvantages of cleared versus bilateral trading• Considering the move toward guaranteeing interest-rate swapsand how that has shaped energy trading processes• Exploring the complexities of OTC tradingModerated By:Jeff Gerl, Director of Credit Risk ManagementShell Energy North America5:45 Closing Remarks6:00 Close of Day OneDAY TWO | FRIDAY, MARCH 13, 2009Booking Info: www.marcusevansbb.com/BackOffice20098:00 Registration 8:15 Opening Remarks by ChairpersonJeff Gerl, Director of Credit Risk ManagementShell Energy North America8:30Summary of October 2008 Letter to NY FED from Major Dealersand Market Participants: Commodities Implementation Statusand Outlook for Dealers and Non-DealersWilliam Hirshorn, Managing Director, Head of Global CommoditiesOperations Morgan StanleyCo-Chair ISDA Commodities Operations Working GroupCo-Chair OMG/Commodities Operations Major Dealers' Group9:15Responding to Regulatory Oversight in Back OfficeEnergy Operations• Analyzing what operational functions will have to change• Upgrading systems to make them more robust so that discrepancies are eliminated • Evaluating various means for matching to assist in the correct calculation of trade data• Preparing for audits and increasing transparencyKevin Sweeney, Director of Americas Commodity OperationsMerrill Lynch & Co., Inc.TRANSPARENCY AND REORGANIZATIONIN ENERGY TRADING MARKETS 10:00 Networking Break10:30Handling the Restructuring of Regional Energy MarketsEfficiently from a Back Office Perspective• Assessing how back offices will be able to absorb the demandsof shifts in regions• Assuring that communication is efficient and consistent as various groups come together• Dealing with different standards and regulations for different regions• Keeping up with books as they become more global Michael Strong, Manager, Settlements and SystemsSan Diego Gas & Electric Company11:15Managing Back Office Integration in Mergers and Acquisitions • Exploring best practices for absorbing portfolios to easethe transitional process• Compiling data from different systems effectively to guarantee reliable figures• Determining how to best distribute labor to encourage speed without error• Handling the paper shuffling appropriately to disable lag in operations• Figuring out how to write off losses or correctly mark downa portfolio in a buy outMaxwell Bulk, Commodities OperationsGoldman Sachs12:00Investigating the Role of Custodial Services to DiscoverHow Their Influence Will Further Develop in Energy Trading• Gauging when to outsource operational functions to assist the back office• Calculating the impact of using custodial services on business costs to discover when they should be employed• Evaluating service trends since economic collapse• Assessing what portion of operations should be serviced• Determining how much strain custodial services could potentially takeoff the back office to see if they are worthwhile in tough financial timesDavid Haden, Manager, SettlementsLS Power12:45 Lunch1:45 Roundtable Developing Task Forces to Address Issues and BreakDown Back Office Silos• Formalizing groups to facilitate improvements• Analyzing the effectiveness of these teams • Deciding when to form them and which problems they should address• Determining which people to bring to the team to ensure resources are being allocated properly• Handling the segregation of duty• Adapting back office functions to be compatible with front office trading innovation• Establishing new business units to cope with the demands of new approaches to tradingModerator:Luis Casas, Trade Contracts Manager for PhysicalCrude/Products and DerivativesBPDETERMINING THE BEST METHODS FOR MANAGING EFFECTIVECOMMUNICATION AND TEAMWORK BETWEEN ALL OFFICES TESTIMONIALSMEDIA PARTNERSWHY YOU MUST ATTENDAs economic markets become more and more unstable, companiesinvolved with energy trading are seeking ways in which to make theiroperational teams and processes more efficient in order to be able to keepup with trading trends and come out on top in the marketplace.The better the back office runs, the more successful the entire group willbe. Those overburdened by out-of-date processes or ineffective meansof communication cannot remain competitive in a fast-paced economicenvironment and must move toward straight through processing.This second annual conference will bring together executives involvedin operations within energy trading who are looking to further refineback office functions, including clearings and settlements. They willdiscuss how to adapt to new developments in the market and betterhandle the complexities of OTC derivatives and exchange-driven tradesso that their teams can more adequately meet the demands of all internaloffices and external parties, ensuring company-wide success."Great organization of the conference and good overall presentations."Manager, PepcoHoldings, Inc."Good speakers; I appreciate a conference devoted to back office issues."Manager, Dominion Resources"Good conference with excellent discussion among attendees."Director, Alliant Energy Corporation2:30Establishing an Efficient Flow of Information from the Frontto Back Offices to Minimize Operational Risk• Overhauling systems that hinder essential communication between the offices• Standardizing methods of documentation to guaranteeall are kept up to speed• Examining practices for eliminating error or ensuring that a discrepancy is immediately made known to all involved should one be found• Making sure that the proper firewalls are in place so that fraud cannot occur• Keeping the right people doing the right things at the right timeBjornar Eide, Director, Risk ManagementSempra Energy Utilities3:15 Networking Break3:45Inspecting Recent Developments in ETRM Systems to Analyzethe Impact on the Back Office• Reconciling systems to promote compatibility and integration• Uncovering ways in which platforms can be updated and determining when doing so becomes necessary • Inspecting the shortcomings of various platforms and identifyinghow they were overcome• Surveying the usefulness of development and enhancement tools Frank McCammon, IS Director, Merchant SystemsCalpine Corporation4:30Coordinating with the IT Department to Guarantee that BackOffice Systems are Working as Effectively as Possible• Weighing the needs of various groups to ensure that properpriorities are set• Establishing what works well and where work needs to be done within back office derivative documentation systems• Making sure that in-house systems are compatiblewith commercial solutions• Managing cultural change to insure that everyone is on board when new systems are implemented Michael Sullivan, Managing Director RTO and Commodity SettlementsAmerican Electric Power Company, Inc.Joseph Kluczynski, Manager – Business Process ImprovementAmerican Electric Power Company, Inc.5:15 Closing Remarks5:30 Close of Day TwoEnergy Central, established in1996, is the leadingresource connecting professionals in the global powerindustry to news, events, databases, insight and analysis.With six distinct websites, seven e-newslettersand bothelectronic and print publications, top energy executives, managers,leaders and industry influencers have relied on Energy Centralto deliver the information they use every day. We also have the most usedjobs web site, EnergyCentralJobs.com, connecting job seekersand employers in the energy industry.EnergyBiz is a bimonthly business magazinefor leaders in the new power industry. EnergyBizreaches more than 20,000 of the most influentialbuyers, including managers, executives, legislators, regulators, lawyersand consultants who make buying decisionsin utilities, government,advisory firms and supplier companies. EnergyBiz target CEOs, CFOs,CIOs, CTOs, VPs and their direct reports – quality prospects availableonly through Energy Central.In the rapidly changing climate of today's powerindustry, Electricity Today magazine continues to bethe publication of choice for North America's utilitytransmission and distribution sectors. Electricity Today, a CCAB auditedpublication,is published 9 times a year by The Electricity Forum (adivision of the Hurst Communications Group, Inc.), the conferencemanagement and publishing company for North America's electricpower and engineering industry. It is distributed free of charge toelectric utility personnel and electrical consulting engineers acrossCanada and the United States, providing up-to date information andtimely articles on topics relevant to today's electrical power industry.Please use the following link: www.electricity-today.com.Since 1973, has kept its readers at the forefrontof major developments in the energy industry.The top daily publication among energyexecutives covers all aspects of the energy industry including electricutilities, nuclear power, natural gas, oil, coal and alternative fuels.For more information visit our website www.theenergydialy.com.SPONSOR ACKNOWLEDGEMENTSMore than 20,000 utility industry professionalsacross many career levels – includingexecutive, senior and general management. Intelligent Utility targetsprofessionals with decision-making responsibilities in the areasof engineering, operations, maintenance, IT, planning and analysis.Typical businesses include investor owned utilities, public powerand municipal providers, rural cooperative power suppliers, federalpower agencies, independent power producers, non-uniform gridsand utility holding companies.DAY TWO | CONTINUEDInternal Use Only: Job Code _____________ SIC Code _____________Registration DetailsName:Position:Email:Name:Position:Email:Name:Position:Email:Company:Address:City: State: Zip:Phone: Fax:Company Size:Nature of Business:Web site:Payment MethodPlease charge my: __ Visa __ Mastercard __ Diners Club __ AmexCard Billing Address:City: State: Zip:Card Holder's Name:Signature:Card Number: __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __Verification Number: __ __ __ Exp Date: __ __ / __ __Confirmation Details – If you do not receive a letter outlining the conference details twoweeks prior to the event, please contact the Conference Coordinator at marcus evans.Registration ContractPlease complete this form immediately and fax back to:_______________________________________________________________________FAX: 888 844 4901 (TOLL FREE) OR 246 421 9610For further information call 246 417 5420AuthorizationSignatory must be authorized to sign on behalf of contracting organizationName:Position:Email:Signature: Date:This booking is invalid without a signatureConference: 2nd Annual Back Office Operational Efficiencyin the Energy Trading MarketDate(s): March 12-13, 2009 Location: Marriott Houston West Loop | Houston, TXTerms & Conditions: marcus evans: Marcus Evans Inc.1. Fees are inclusive of program materials and refreshments.2. Payment Terms: Following completion and return of the registration form, full paymentis required within 5 days from receipt of invoice. PLEASE NOTE: payment must be receivedprior to the conference date. A receipt will be issued on payment. Due to limited conference space, we advise early registration to avoid disappointment. A 50% cancellation fee will be charged under the terms outlined below. We reserve the right torefuse admission if payment is not received on time. 3. Cancellation/Substitution: Provided the total fee has been paid, substitutions at no extracharge up to 14 days before the event are allowed. Substitutions between 14 days andthe date of the event will be allowed subject to an administration fee of equal to 10% ofthe total fee that is to be transferred. Otherwise all bookings carry a 50% cancellation liability immediately after a signed sales contract has been received by marcus evans(as defined above). Cancellations must be received in writing by mail or fax six (6) weeksbefore the conference is to be held in order to obtain a full credit for any future marcus evans conference. Thereafter, the full conference fee is payable and is non-refundable. The service charge is completely non-refundable and non-creditable.Payment terms are five days and payment must be made prior to the start of the conference. Non-payment or non-attendance does not constitute cancellation. By signingthis contract, the client agrees that in case of dispute or cancellation of this contract thatmarcus evans will not be able to mitigate its losses for any less than 50% of the totalcontract value. If, for any reason, marcus evans decides to cancel or postpone this conference, marcus evans is not responsible for covering airfare, hotel, or other travelcosts incurred by clients. The conference fee will not be refunded, but can be credited toa future conference. Event program content is subject to change without notice.4. Copyright etc: There are no copyright restrictions on the presentations made by USGovernment personnel at marcus evans events. However, materials in this packageother than the presentations by US Government personnel are copyrighted and may notbe reproduced in any manner without the prior permission of the publisher.5. Data Protection: Client confirms that it has requested and consented to marcus evansretaining client information on marcus evans group companies database to be used bymarcus evans groups companies and passed to selected third parties, to assist incommunicating products and services which may be of interest to the client. If the clientwishes to stop receiving such information please inform marcus evans local office oremail gleavep@marcusevansuk.com. For training and security purposes telephone callsmay be recorded.6. Important note: While every reasonable effort will be made to adhere to the advertisedpackage, marcus evans reserves the right to change event dates, sites or location oromit event features, or merge the event with another event, as it deems necessary without penalty and in such situations no refunds, part refunds or alternative offers shallbe made. In the event that marcus evans permanently cancels the event for any reasonwhatsoever, (including, but not limited to any force majeure occurrence) and provided thatthe event is not postponed to a later date nor is merged with another event, the Clientshall receive a credit note for the amount that the Client has paid to such permanently cancelled event, valid for up to six months to be used at another marcus evans event. No refunds, part refunds or alternative offers shall be made.7. Governing law: This Agreement shall be governed and construed in accordance withthe law of Illinois and the parties submit to the exclusive jurisdiction of the Cook CountyCourts in Illinois. However, marcus evans only is entitled to waive this right and submitto the jurisdiction of the courts in which the Client’s office is located.8. Client hereby acknowledges that he/she specifically authorizes that marcus evans charge the credit card listed above for the amount provided herein;that this Contract is valid, binding and enforceable; and that he/she has no basis toclaim that any payments required under this Contract at any time are improper, disputed or unauthorized in any way. Client acknowledges that they have read and understood all terms of this contract, including, without limitation, the provisionsrelating to cancellation.FeesSTANDARD FEES__ CONFERENCE FEE (Early Registration) @ $2,672.82__ CONFERENCE FEE (Per Delegate) @ $2,969.80__ CONFERENCE ONLINE DOCUMENTATION ONLY (Per Delegate) @ $737.80All prices are inclusive of service charge.PREMIER PLUS DISCOUNTS__ 3+ ATTENDEES @ $2,524.33 (Per Delegate)__ 5+ ATTENDEES @ $2,375.04 (Per Delegate) All members of a Premier Plus group must register at the same time in order to receiveany discounts. Prices are inclusive of service charge.Please write in BLOCK CAPITALSCHC111/INTBack Office Operational Efficiencyin the Energy Trading Market Text8: Text7: FIRST 10 TO REGISTER SAVE 10% ON ATTENDANCE