The IECA Presents: Navigating Credit in A Virtual 2020

Presented by the United States Regional Education Committee
Add to Calendar 2020-10-06 11:00:00 2020-10-08 14:00:00 The IECA Presents: Navigating Credit in A Virtual 2020 Description International Energy Credit Association info@ieca.net America/New_York public
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 Featuring 6 Sessions, Small Networking Groups & More!

virtual

The IECA 96th Annual Conference may be canceled but we are still bringing the most important content and small group networking opportunities, along with a few surprises, to you in a new virtual event, Navigating Credit in a Virtual 2020, hosted by Craig Enochs of Reed Smith LLP. This new virtual event is not your typical webinar series. In addition to six educational sessions, we will be hosting breakout networking groups, the IECA Annual Membership meeting, and more opportunities for you to connect with IECA members around the globe! See our packed agenda below, and register today!
Can't attend the session live? The entire presentation will be recorded and archived on the IECA Online Portal!

REGISTER TODAY!

Day 1: October 6, 2020

Session #1: Calling on Collateral – The How-to’s and What-to-Do’s
Presented by the Developing Energy Professionals Group (DEPG)
11:00 a.m. - 12:00 p.m. ET
Speaker: Daniel Pesikoff, Calpine Corporation 
Patrick 
Vogelei, Exelon

In the world of credit, the possibility of having to draw on a letter of credit is ever-present. Does a letter of credit protect you if you do not know how to draw on it? How can you prepare for this scenario? This session will walk through the How To’s of drawing on a letter of credit and calling on collateral and the What-To-Do’s before the need arises.

Learning Objective: Attendees will learn best practices and vital information for understanding how to call on collateral and drawn on a letter of credit, while learning to prepare their firms for a default and the steps needed to act quickly in the event there must be a draw on a letter of credit.

12:00 p.m. - 12:30 p.m. ET: RAPID RATINGS SPONSORED NETWORKING ROOM:
Please join the IECA and Rapid Ratings in the IECA Virtual Networking Room for a free form and interactive discussion on Supply Chain and Credit.  James Gellert, CEO, and Brad Saegesser,  Sr Solutions Specialist, of Rapid Ratings will be sharing the latest “Stress Test” data on the energy sector, discussing supply chain impacts on Credit departments, and fielding questions in an informal setting. 

Session #2: Transactional Risk Drivers
12:30 p.m. - 1:30 p.m. ET

Presented by the Professionals for Diversity and Diversion (PDIG)
Speakers: Joshua Rogers, Castleton Commodities International LLC
                 Margarita Boulankova, BNP Paribas 

This session will discuss the basic elements of a transaction that drive the transactional risk profile. Attendees will learn tools and techniques which they can use to help structure transactions that lead to lower risk and higher execution rates. Understanding these factors will lead to more meaningful collaboration between risk and execution teams.

Learning Objective: To identify and understand the risk impact of individual facets of a transaction. 

1:30 - 2:00 PM ET: CCRO NETWORKING ROOM:
New Credit Risk Best Practices White Paper 
The CCRO in Collaboration with the IECA 
Please join CCRO and IECA members Scott Davis, James Goerig, Nithya Venkatesan, Pat McKinnon in discussing the  New Credit Risk Best Practices White Paper The CCRO in Collaboration with the IECAIt’s been more than fifteen years since the CCRO first published a white paper documenting best practices for energy industry credit risk management [Volume 4 of 6: Credit Risk Management].  Today, the CCRO in collaboration with the IECA, has an initiative underway to create a new expansive paper incorporating the latest in practices and procedures.   The purpose of the paper is to provide an updated definitive reference to energy credit risk professionals on the latest leading practices in credit risk management.

Day 2: October 7, 2020

Session #1: A Bankruptcy Tour, Treatment of Contracts in Bankruptcy, Safe Harbors and Pre-Packaged Bankruptcies 
11:00 a.m. - 12:00 p.m. ET

Presented by the Contracts and Legal Education Group (CLEG)

Speakers: Mark Speiser, Partner, Stroock
                  Harold Olsen, Special Counsel, Stroock 

This presentation will begin with an overview of the treatment of contracts in bankruptcy. The second portion of the presentation will explore the “safe harbor” provisions of the Bankruptcy Code, including recent developments. Finally, the presentation will cover post-petition trading orders, including the treatment of secured hedging programs in pre-packaged bankruptcies.  

Learning Objective:  Review the fundamentals of bankruptcy safe harbors and learn about recent developments and pre-packaged bankruptcies. CLE Pending.       

12:00 p.m. - 12:30 p.m. ET: IECA VIRTUAL ANNUAL MEMBERSHIP MEETING & CEREMONIES
We're excited to join all of our IECA members and address our incoming and outgoing Leadership, state of the Association, and other membership updates! Turn on those webcams, and we'll "see" you soon!

Session #2: New Basel Regulatory Standards for Banks 
12:30 p.m. - 1:30 p.m. ET

Presented by the Credit Analytics Education Group (CAEG)

Speakers: Edward Santos, Rabobank 
                 Eric Twombly, Devon Solutions LLC

The Basel Committee on Banking Supervision (BCBS) has proposed changes in regulations for European Banks generally referred to as Basel IV. The current state of the suggested changes would rework the approach to risk-weighted assets (RWA) and possibly internal ratings, as well as set regulatory capital floors. This session will focus on explaining the changes and timing and their impact on European Banks’ credit quality and willingness to provide liquidity to the energy industry under the new capital regime.                                                                           

Learning Objective:  Identify the proposed changes to the Basel bank regulatory standards (Basel IV)

Day 3: October 8, 2020

Session #1: Making Credit Decisions with Limited Financial Information
Presented by the Professionals for Diversity and Inclusion Education Group (PDIG)
11:00 a.m. - 12:00 p.m. ET
Speakers: Pat Mckinnon, Latigo Energy Group
                 Nithya Venkatesan, Hess 

It is a reality that we often are faced with situations where we are required to assess credit and establish credit limits for counterparts who will provide only limited financial disclosure.  This session with address alternate methods of analysis, sources of information, and ultimately how you can be confident (and earn the confidence of your colleagues) with your credit assessment.

Learning Objective: Attendees will gain an understanding of how to evaluate the limited financial information you are able to obtain to assess credit, as well as assessing risk when financial statements are not available.  

12:00 p.m. - 12:30 p.m. ET: S&P GLOBAL MARKET INTELLIGENCE NETWORKING ROOM
Join us for a conversation on the Intersection of Climate and Credit where Giorgio Baldassarri, Global Head of the Analytic Development Group, and Danny Haydon, Market Development, Credit Risk Solutions, at S&P Global Market Intelligence will discuss challenges and explore approaches to stress test your portfolio with different climate scenarios.   

Session #2: REC’s Recent Developments and Litigation Update
12:30 p.m. - 1:30 p.m. ET

Presented by the Contracts and Legal Education Group (CLEG)

Speaker: Christie Degard, Director and Senior Trading Counsel, Trading Counsel Solutions

This session will include a basic overview of the Renewable and Clean Energy Standards across the United States and participants will leave with a “cheat sheet” of resources on the major programs. We will then move onto a few program updates, followed by focusing more narrowly on recent bankruptcies affecting the various regulators’ efforts to reduce greenhouse gas emissions. The issues addressed in these cases raise credit, regulatory, legal, and public interest questions and participants will understand how to approach these questions as an organization.     

Learning Objective:  Learn how RECs differ by the state program and how they are affected by state regulatory objectives and other constituencies. CLE Pending.

Fees

ALL RECORDINGS NOW AVAILABLE ON THE IECA RESOURCE LIBRARY!

$195.00 for Non-Members*
FREE for IECA Members!


This is FREE for IECA members! If you are an IECA member, please use the above Register link to RSVP to this event, free of charge. You will need to login to your IECA profile in order to receive this event for free. If you have any questions or need assistance registering, please contact Jessica Hall.

CLE Disclaimer:
The IECA has applied for virtual CLE and each CLEG session (2) is pending for 1.0 CLE credit in Kansas and Texas. Please contact info@ieca.net to obtain a certificate of completion for this IECA course which will include the sponsor and course IDs for you to apply individually. If you are seeking CLE credit, we encourage you to look into your specific state’s CLE requirements and any state reciprocity. For example, If you are applying for CLE in New York, you can view the state-approved jurisdiction list here, as well as the individual state CLE application here.

If you need any additional materials (i.e. slides, agendas, bio's, etc.) for your personal application, or have any questions about the course's accreditation status, please contact us at info@ieca.net.

CPE Disclaimer:
"Virtual Group-Live" CPE has been approved for 2020 due to COVID-19 thru December 31, 2020. We encourage you to look into your specific state's CE/CPE requirements. Please see "Group-Live" virtual CPE certificate updates on NASBA's website per your state's requirements.

Webinar Disclaimer: 
By registering for this webinar, you are aware that you will be using the Zoom platform to view this material. You hereby release and hold harmless the IECA and its Officers & Directors for any loss or liability relating to this platform, including for any materials compromised or loss of or damage to personal property or information technology due to the participation in this Zoom webinar. By consenting to view this IECA webinar on Zoom, you agree to assume any risks that may arise due to the Zoom platform, including but not limited to hacking, material compromise or other damages due to allowing Zoom to access your computer for the viewing of this webinar. By registering for this webinar, you are aware of the risks and expectations associated with participation in this online event

Sponsors:

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