A Query that needs your input please

Sally

I meet today with a representative of the Aust Financial Markets Assoc (AFMA)
to look at a system they have developed called SCOR: Standards for the
Control of Operational Risk. It is essentially a complex set of procedures
for identifying and managing operational risk. The idea is to use it to
benchmark and develop in written form your own control procedures.

I have a presentation pack and I think this would be worth our subscribing:
cost is $US5 500 for 3 years, but I was wondering:

1. Who would be the right person in Houston/London to go through this with -
if that is required
2. Am I re-inventing the wheel and do we have detailed written procedures all
ready.

Any feedback would be great. Another point to note that may be of interest:
all our trading counterparties in the energy markets have taken it, including
some with US parents like ourselves, including Delta and NRG. This surprised
me a little.

With thanks

Heidi