An international organisation founded to ensure the safe and efficient operation of derivatives markets to facilitate effective risk management for all users of derivative products. ISDA is known for its master agreements and other standardised documentation that is widely used in international derivatives markets, including energy. Among its other activities it also acts as an umbrella body for industry-wide initiatives, such as Financial Products Mark-up Language (FpML).
* see also ISDA Master Agreement; Financial Products Mark-up Language (FpML)
The Energy Risk Glossary, now in its eighth edition, provides an at-a-glance explanation of the myriad specialised terms and acronyms used in energy trading and risk management.
This year, the guide has been updated by Aviv Handler of ETR Advisory. Energy Risk would like to thank him for his input into this edition, which benefits greatly from his valuable experience and insight into energy markets.
The fast-changing nature of these markets means much has changed since our last edition – almost 200 new entries and revisions have been made this year. Reflecting the increasing importance of regulation, definitions of the Markets in Financial Instruments Directive (MiFid) and the Ljubljana-based Agency for the Cooperation of Energy Regulators (Acer) make it into the glossary for the first time. A focus on improving back-office infrastructure and mitigating counterparty risk is also apparent from the inclusion of terms such as ‘portfolio reconciliation’ and ‘portfolio compression’.
The glossary is extensively cross-referenced, making for easy and thorough searches. We hope you find it useful.
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