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Enron Mail |
The major groups are :
Manage Risk Deal Clearing & Documentation Logistics Volume Management Client Services or Settlements Global Data Management Within each of these major areas there groups of activities. I have some charts I can provide to you (they are slightly dated, but still better than not). To give you an idea, Manage Risk is comprised of : Value books, Identify Limit violations, Flash P&L, Trade Capture, Generate Reports, etc. Deal Clearing is comprised of: Prepare and distribute confirmations, verify/audit deals, broker checkout, etc. Logistics is comprised of: gather operational data, communicate with pipelines, plan product movement, nominate product movement, balance positions, etc. Volume Management : validate transport statements, allocate volumes, reconcile imbalances, etc. Client Services - Prepare and generate invoices, generate payment requests, resolve disputes on billing, cash management, reconcile A/R and A/P, etc Global Data Management - set up new counterparties, maintain cp data, capture and validate settled prices, setup new pipelines and facilities, etc. Generally, what is thought of as Financial Reporting at Enron is outside of Back Office Operations as is any trading or origination activity. Sally/Bob - feel free to make any corrections/additions you see fit. Lisa Petruszka@ENRON 02/01/2001 10:47 AM To: Sally Beck/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron cc: Subject: Back Office Process Definitions Hello team - How does Enron define their back office processes? It seems that every organization has their own definition of "back office" and the processes that fall within it. So, I was curious to know if we had a consistent breakdown for Enron. What I'm wondering is if there is a "common language" across Enron. Let me explain where I'm going with this question - I know that there will be participants from many parts of Enron at the session so we might have a risk of different definitions or assumptions being used during the conversations. If the groups define processes differently, even slightly, there could be some confusion if we start a conversation at the session around the kinds of services to be offered. To give you an idea of what I've seen, here are some different breakdowns or "models" used: In Derivatives Strategy magazine's annual technology assessment, the following breakdown is used to evaluate software products: Deal Capture Special Deal Entry EOD Mark to Market P/L Calculations Settlement Confirmations Payments Payment Netting The Bloomberg model, as depicted in Wall Street & Technology, January 2001, has the following high-level components: Trade and Order Management Electronic Trade Confirmation Trade Allocation Settlement Instructions Electronic Settlement Links Let me know your thoughts on this. If you think there is a significant risk of different groups using different definitions for Enron we might be able to build in an exercise early on to get us over the hurdle. Lisa P 5-6352
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