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Commodity Risk
100
This US federal regulator is charged with increased supervision of the financial energy markets.
What is the US CFTC?
100
This type of guarantee is issue by a bank to serve as a guarantee for payments made to a specified person or entity under specified conditions for a specific amount.
What is a Letter of Credit?
100
This Act created one of the world's largest free trade zones between Canada, the United States and Mexico.
What is the North American Free Trade Act (NAFTA)?
100
The EPA, under the Renewable Fuel Standard Program, requires one of these credits for each gallon of gasoline.
What are RINs?
100
The basic premise for any commodity discussion is to "Know your ________."
What is "position"?
200
This term is commonly used in the USA to describe Competition Law.
What is Anti-trust?
200
This ratio is used to determine a company's ability to pay short-term and long-term obligations.
What is a liquidity ratio?
200
This type of legal contract between parties is intended to protect information and details from being revealed to an outside source.
What is a Confidentiality Agreement or Non-disclosure Agreement?
200
The likely imposition by the federal government of a crude oil tanker moratorium in NE British Columbia will be a death blow to this crude oil pipeline project.
What is Enbridge Northern Gateway?
200
Buying or selling at index-based pricing terms is a contract pricing arrangement that ensures maximum volatility to ______.
What is cash flow?
300
This major accounting firm is tied to the ENRON scandal in 2001 shared ENRON’s downfall.
What is Arthur Andersen?
300
This term describes the capital of a business that is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.
What is Working capital?
300
This legal action results in combining multiple entities into one company, such as with HEMI and HOOL.
What is an Amalgamation?
300
This proposed crude oil pipeline received a major setback to receiving regulatory approval when all of the NEB members assigned to the case had to resign from the Hearing Panel.
What is Energy East?
300
Risk calculates profit and loss based on an economic perspective, whereas accounting uses mandated accounting rules (IFRS Accrual Accounting specifically). The result is accounting P&L numbers that are: 1) different than; or 2) the same as, Commodity risk.
What is (1)? Different than Commodity Risk.
400
This United States federal law, enacted in 2002, set new or expanded requirements for all U.S. public company boards, management and public accounting firms. It can be referred to as the “Public Company Accounting Reform and Investor Protection Act”.
What is the Sarbanes–Oxley Act of 2002?
400
This SAP module is designed to increase visibility into and control of cash-related processes between a company and its business partners.
What is Financial Supply Chain Management (FSCM)?
400
This contract is commonly used to execute financial derivatives. HINT: published by International Swaps and Derivatives Association.
What is ISDA?
400
The number of proposed new crude oil pipeline projects exiting Western Canada that are currently at various stages in the regulatory approval process.
What is 4?
400
This value measures the rate of change of the theoretical option value with respect to changes in the underlying asset’s price.
What is option delta?
500
This company was found in violation of "Bid Rigging" and the executive charged in March 2016 with racketeering, anti-trust violations, conspiracy pertaining to the bidding on leases in Oklahoma.
What is Chesapeake Energy and Aubrey K. McClendon?
500
This agreement will create one of the largest national commercial cardlock networks in Canada.
What is the Canadian Products Marketing IOL agreement?
500
This matrix sets out the transactional limits of individuals to trade using term and volume parameters.
What is Transaction Authority Delegation or Delegation of Authority (DOA)?
500
In addition to the amount currently charged to residential consumers for natural gas in Calgary (~$2.65/GJ), a carbon levy in this amount will be added to those bills beginning January 2017.
What is $1.011/GJ?
500
Any physical asset implicitly has these two financial exposures. For further discussion please visit us at Risk Island.
What are extrinsic and intrinsic risk?
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