ENERGY TRADING SETTLEMENT COMPLIANCE CHECKLIST

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--- TRADE CONFIRMATION & VALIDATION ---
[ ] Trade ID
[ ] Trade Type (Spot, Forward, Swap)
[ ] Trade Date
[ ] Trade Time
[ ] Quantity
[ ] Unit of Measure (MWh, GJ, bbl)
[ ] Price
[ ] Price Unit ($/MWh, $/GJ, $/bbl)

--- DELIVERY/ALLOCATION INSTRUCTIONS ---
[ ] Delivery Point Confirmation (Confirmed, Needs Verification, Discrepancy Found)
[ ] Allocated Quantity (Units)
[ ] Allocation Start Date
[ ] Allocation Start Time
[ ] Delivery Method Confirmation (Pipeline, Truck, Rail)
[ ] Special Delivery Instructions (if applicable)
[ ] Delivery Location Verification

--- NOMINATION & SCHEDULING ---
[ ] Nomination Date
[ ] Nomination Time
[ ] Nominated Volume (MW/MMBtu)
[ ] Delivery Point (Point A, Point B, Point C)
[ ] Scheduling Method (Firm, Non-Firm, Interruptible)
[ ] Nomination Justification/Notes

--- SETTLEMENT INSTRUCTIONS & PAYMENT PROCESSING ---
[ ] Payment Method (Wire Transfer, ACH, Letter of Credit)
[ ] Invoice Amount
[ ] Payment Amount
[ ] Currency (USD, EUR, GBP)
[ ] Payment Due Date
[ ] Actual Payment Date
[ ] Payment Notes

--- MARKET DATA RECONCILIATION ---
[ ] Settlement Price (Benchmark)
[ ] Settlement Quantity
[ ] Volume Differences (if any)
[ ] Price Differences (if any)
[ ] Data Source Verification (e.g., ICE, Bloomberg) (ICE, Bloomberg, Reuters)
[ ] Date of Market Data Extraction
[ ] Comments/Discrepancy Notes

--- POSITION RECONCILIATION ---
[ ] Initial Position Quantity
[ ] Trades Executed (Net)
[ ] Deliveries/Allocations
[ ] Adjustments (e.g., corrections)
[ ] Final Position Quantity
[ ] Counterparty Agreement Status (Agreed, Disagreement – Minor, Disagreement – Major)
[ ] Notes on Reconciliation Discrepancies
[ ] Reconciliation Date

--- REGULATORY REPORTING COMPLIANCE ---
[ ] Reporting Standard Applied (NERC CIP, FERC Form 6, ISO Reporting, State-Specific Reporting)
[ ] Reporting Period Start Date
[ ] Reporting Period End Date
[ ] Total Volume Reported (e.g., MWh)
[ ] Reporting Status (Submitted, Pending Submission, Approved, Rejected)
[ ] Comments/Notes (if applicable)

--- CREDIT RISK MANAGEMENT ---
[ ] Counterparty Credit Exposure Limit
[ ] Last Credit Review Date
[ ] Credit Rating Agency (S&P, Moody’s, Fitch)
[ ] Credit Rating Score
[ ] Summary of Credit Risk Assessment
[ ] Collateral Requirements (No Collateral, Cash Margin, Letter of Credit, Other)
[ ] Margin Call Threshold (%)

--- SYSTEM ACCESS & SECURITY ---
[ ] Multi-Factor Authentication Enabled? (Yes, No, N/A)
[ ] Access Reviews Performed? (Yes - Regularly, Yes - Annually, No)
[ ] Number of Users with Settlement System Access
[ ] Last Password Reset Policy Review Date
[ ] Principle of Least Privilege Applied? (Yes, No, Not Applicable)
[ ] Description of Security Incident Response Plan

--- DOCUMENTATION & AUDIT TRAIL ---
[ ] Document Creation Date
[ ] Time of Document Creation
[ ] Summary of Settlement Activity
[ ] Settlement Confirmation Document
[ ] Document Review Status (Not Reviewed, Reviewed, Approved)
[ ] Reviewer Signature
[ ] Document Version Number

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