DUBLIN--(BUSINESS WIRE)--The "Understanding the NAESB Master Agreement for Natural Gas & NGLs" conference has been added to ResearchAndMarkets.com's offering.
This seminar will provide a detailed review of the NAESB provisions and identify the most relevant shortcomings that can be remedied in the special provisions to the master agreement. It will also provide insight into the best practices and standards for drafting effective transaction confirmations, netting agreements, and asset management agreements frequently used in the gas marketing process.
This seminar also will outline practical steps to addressing the relevant operational issues such as natural gas capacity curtailments, force majeure events, natural gas buy-backs, and bookouts.
Additionally, the seminar will outline the best practices for managing various risk aspects of the Dodd-Frank Act, FERC and CFTC anti-manipulation rules, as well as the relevant court rulings impacting natural gas trading and compliance.
NAESB Master Agreement Provisions
- Review all standard provisions and identify potential shortcomings.
- Analyze some common NAESB special provisions and examine the best practices for ensuring legal certainty and enforceability of the NAESB documentation.
- Identify some practical steps to ensure enterprise wide consistency and uniformity of the NAESB provisions.
- Examine various operational factors impacting NAESB transactions including, but not limited to selling and buying natural gas at illiquid delivery points, pipeline curtailments and force majeure events, natural gas buy-backs and swing volume adjustments, asset management agreements and capacity releases, buying and selling intra-day gas, volumetric adjustments in physically settled transactions, and many more.
Credit Risk Management and Bankruptcy Considerations
- Understanding the NAESB implications on credit, collateral, and margin documentation.
- Developing and implementing consistent terms and conditions for responding to margin/collateral calls and demands for adequate assurance.
- Examining the pros and cons of various credit terms and conditions often embedded in standardized energy contracts and definitions including material adverse change, adequate assurances, and exposure calculation.
- The application of bankruptcy law and principles to forward contracts, physically settled commodity options, netting agreements, and exchange agreements in light of the latest regulatory changes.
- The latest court rulings on energy trading matters, including the status of cross-affiliate setoff provisions in energy trading agreements.
For more information about this conference visit https://www.researchandmarkets.com/research/72tpf8/2_day_seminar?w=4