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Credit Risk Control at UBSW Energy LLC

Credit Risk Control at UBSW Energy LLC. Bill Glass, Regional Chief Credit Officer Bill Bradford, UBSW Energy CRC. Agenda. Regulatory Environment Credit Risk Controls Day 1 Workflow Day 2 Requests Policies Day 1 Discipline & Sanctions Transactions requiring Pre-Approval.

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Credit Risk Control at UBSW Energy LLC

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  1. Credit Risk Control at UBSW Energy LLC Bill Glass, Regional Chief Credit Officer Bill Bradford, UBSW Energy CRC

  2. Agenda • Regulatory Environment • Credit Risk Controls • Day 1 Workflow • Day 2 Requests • Policies • Day 1 • Discipline & Sanctions • Transactions requiring Pre-Approval

  3. Regulatory Environment • Regulation • Federal Reserve Bank • Financial Services Authority (UBS London Branch) • EBK (Switzerland) • Requirements • Robust Risk control practices • Monitor, measure and report counterparty risk • Business Responsibilities • KYC • Money Laundering • Suitability

  4. Credit Risk Controls • Credit approval of counterparties before trading • Limit availability exists • “Vanilla” trades • Legal documentation • If in doubt - call Credit

  5. Day 1 Workflow • Day 1 • Distribution of day 1 list of Counterparties • Credit on trading floor • Assistance in obtaining signed master documents • EOL trades vs Phone Trade Availabilty

  6. Day 2 • Business prioritization for incremental accounts • Credit pre-approval prior to trading • Once business approved, Account Opening form sign-off by desk heads • Goal - Build an Availabilty Checker for Phone Trades until Checker deliverable

  7. Policies • Enron Trading Day 1 Policy • Tenors • Counterparty Rating • UBSW Discipline & Sanction Policy • Transactions Requiring Pre-Approval

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