Here's a sneak peak of what ETRM tools actually look like
Capture Physical and Paper Trades
Capture Physical and Paper Trades
Capture Physical and Paper Trades
Starting point of all ETRM applications. Here, we put you in the shoes of a physical and paper trader. You will be able to capture various trade elements dynamically into the system which is commonly captured by ETRM applications.
Perform Operations and Logistics
Capture Physical and Paper Trades
Capture Physical and Paper Trades
Now you change roles. You put on the hat of an Operator. In this step, you need to nominate a vessel, assign the quantities, load and discharge ports and link it to the physical trade. You will capture all these elements dynamically in the simulator
Generate Risk Reports
Capture Physical and Paper Trades
Generate Invoices for Payments
Next, based on the trade data you have captured, you will see how the position and exposure reports are generated. Here, you can play with the trade data and see how this impacts your overall portfolio. Be careful – if you underhedge or overhedge-> you risk yourself to speculation!
Generate Invoices for Payments
Generate Invoices for Payments
Generate Invoices for Payments
Now, you are a Settlements Analyst. Here you create an invoice for both the physical and financial trades against the counterparty you traded. Normally, this stuff is automated in ETRM applications, but to really understand them, you should know how to manually capture and process them to accounting!
Go through EOD processes
Generate Invoices for Payments
Create all the Master Data
Probably the most crucial part of any ETRM application is the running of successful EOD / COB process on a daily basis. This usually happens overnight and a whole bunch of workflows are triggered so that all the various teams in the trading house have their information ready before the next trading day.
Create all the Master Data
Generate Invoices for Payments
Create all the Master Data
Based on the scenario provided, you can get creative and create the required relevant master data such as counterparties, set credit limits against them, create business users and assign roles, create different contract types, products, transportation methods and various other such elements commonly stored in an ETRM application