ENERGY TRADING AND RISK MANAGEMENT

Created by ChecklistGuro (https://checklistguro.com)

[ ] Fetch Market Prices: Retrieve current market spot prices and forward curves from the Market Data model.
[ ] Register New Trade: Create a new trade entry in the Trade Ledger model with details like volume, price, and counterparty.
[ ] Calculate PnL (Profit and Loss): Calculate the unrealized profit or loss by comparing trade price against current market prices.
[ ] Update Trade Status: Update the status of a trade entry from 'Pending' to 'Confirmed' or 'Settled'.
[ ] Calculate Total Exposure: Aggregate all active trade volumes to determine the total net position for a specific commodity.
[ ] Calculate Value at Risk (VaR): Execute a complex formula using historical volatility and position size to estimate potential loss.
[ ] Assign Risk Review: Create a task for the Risk Manager to review trades that exceed predefined VaR limits.
[ ] Fetch Counterparty Credit Limit: Retrieve the remaining credit capacity for a specific counterparty from the Counterparty model.
[ ] Check Credit Utilization: Compare current trade value against the retrieved counterparty credit limit.
[ ] Notify Trade Confirmation: Send an automated email to the counterparty with the trade details for confirmation.
[ ] Back-Office Settlement Task: Create a task for the settlement team to initiate the movement of funds based on the trade date.
[ ] Daily Volume Summary: Sum the total energy volume (MWh/Bbl) traded during the current business day.
[ ] Generate EOD Risk Report: Create a comprehensive End-of-Day report summarizing PnL, Exposure, and Limit Breaches.
[ ] Cancel Erroneous Trade: Delete a trade entry from the ledger in the event of a manual entry error (requires audit trail).
[ ] Alert Limit Breach: Send an urgent SMS to the Head of Trading when a real-time risk threshold is breached.

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