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SUGGESTED AGENDA FOR PRODUCT TRAINING AND FAMILIARISATION:

BRIEF REVIEW OF INTENDED USERS OPERATION

INTRODUCTION

  • A brief history of the product and company background
  • How the product attempts to address Electricity trading and management in Australia
  • Perceived Market needs Uniform pricing tool, consistent market approach, risk management capabilities etc (comparison with other markets)
  • Brief (not too technical) assessment of derivative pricing methods, sensitivity analysis
  • Technical overview of system / environment

DETAILED OPERATION OF THE SYSTEM

  • Data Facilities
    • Information structure and data feeds. Direct entry of RRPs, forwards and vols.
    • Regional alternatives
    • Pool Data; historic and feed facilities External file uploading / downloading
    • Futures and Forward Curve building (multiple forward curve usage) DDE links
    • Forward calculators
    • Volatility: seasonal effects / estimation / forward curve development
    • Public Holidays; NEMMCO holidays etc.
    • Load profile construction and price calculations
    • System Settings (numerous)
     
  • Analytical features

    • Historical calculations, graphics, analysis
    • Instrument Pricing Screens (major part of presentation)        

    • Volatility and implied volatility
     
  • Portfolio Features
    • Quote or deal entry and audit trail / logging
    • Portfolio summary screens
    • Tracking performance & accrued profit / loss of current trades in any portfolio
     
  • Risk Management
    • Instrument Position
    • Instrument Summary
    • Profile Summary
    • Cap/Floor/Swap/Futures Payoff diagrams etc (extns to averaged instruments)
     
  • Tools
    • Profile and Forward Calculators
    • Option and Swaps Strategy Graph
    • Updating facilities and downloading of data to external systems
     
  • Help System
    • Context on-line referencing
    • Technical, technical tips etc.

GENERAL TOPICS

  • Philosophy

    • Review of methodologies / assumptions on a regular basis (3 / 6 Months)

    • Feedback to keep abreast of market
    • Confidentiality
  • Backup and Support
    • Support from development team
    • Database shell / structures / updating / Backups
    • Security
    • Training
      • Initial familiarisation, technical and operational
      • Periodic upgrading, new user training etc.
       
    • Trading Review - Dealers Facilities
      • Set aside time to go over specific issues of trading features in system with your dealers.
       
    • Risk Management - Accounting Perspective
      • Set aside time to review accounting, management, audit features with appropriate staff.
      • Performance analysis (including accrued profit/loss)
  • Back Office Integration

    • Opportunity to review your current / planned back office systems and assess potential for integration etc.

    • Description of internal system logs and audit trails

    • Security aspects of database and deal capture / modification logs

  • IT Review

    • Cover aspects of system, proposed developments from the IT perspective (e.g. operating systems, hardware, databases data feeds, integration etc.)

    • Outline of tasks required ensuring system data is current

     
  • Future Product Enhancements

    • Where we see the product going in the future new modules etc.

DISCUSSION POINTS FROM USERS PERSPECTIVE

  • As required

 

*** NOTE: For the presentation, it would help if you could provide either a large monitor that I can connect to my laptop, or a projector as appropriate. I would however ask you to ensure that normal XGA screen resolution (1024 x 768) is available on whatever is used.

If all else fails, my laptop has a 15.1-inch screen and is adequate for viewing by at least four or five people.


 

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Last modified: July 14, 2006