Solutions
- STP Energy Markets Solution
- Energy Trading Solution
- Enterprise-wide Risk Management Solution
- Global Energy Back Office Solution
- Custom Solutions
- ASP Services
Market Focus
- Crude Oil/Refined Product Firms
- Global, Fully Integrated Energy Companies
- Electric Utilities
- Local Distribution Companies (LDC) & Municipalities
- North American Pipeline Companies
- Natural Gas/NGL Companies
- Commercial/Investment Banks
- Hedge Funds
- Other Entities
Enterprise-Wide Risk Management
Beyond Aggregations
For global energy firms, obtaining a firm-wide risk profile by aggregating summary risk metrics of disparate, local systems has been an ongoing trend and is viewed as a major achievement for their risk management needs. However, given energy market's newfound, not-so-transient volatilities and the extensive range of exposures that global energy firms must deal with the reactive, reporting-oriented nature of the current firm-wide risk management practices need serious revision for the new reality and challenges ahead.
OpenLink has a long-term commitment to developing a next-generation firm-wide risk management solution that operates proactively, in real-time, which is dynamic, adaptive, comprehensive, and, above all, offers ease of use. Delivering on all these benefits obviously presents a huge challenge, but we believe we have achieved these goals.
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Leveraging its superior design and the Risk Core technology, OpenLink's Endur-based HRM Solution gives you the most advanced Energy Risk Management (ERM) system available. It supports real-time, enterprise-wide position management facilities, advanced VaR exposure calculations using both parametric and simulation-based methodologies, and a host of other user-configurable risk analytics. These include, (but are not limited to): Pricing Model Risks, Operational Risks, Stress Testing, Generation Asset Modeling and Evaluation, Volumetric VaR, Credit VaR and, Cash Flow at Risk.
As a result of OpenLink's in-depth expertise and understanding of the trading desk level, the HRM Solution supports the most "tailored," market-specific trading and risk management requirements for both traders and risk managers in energy trading. For instance, desk-level trading and risk management needs differ between the natural gas basis and crude basis markets. The HRM Solution will provide accurate, market-specific basis exposures while modeling them under-the-hood, within the same consistent Risk Core technology . You face system-induced arbitrages, modeling gaps, pricing inconsistency, or approximation within these solutions. No compromises!
The key differentiating factor for OpenLink's HRM Solution lies in its open, uniquely architected Risk Core technology. Unlike many low-end risk solutions with bolted-on, hard-coded and/or approximation formulas for a set of popular risk management "sound bites" like VaR, HRM Solution's risk core provides an elegantly-designed engine that supports "open" or user-configurable risk modeling views. This program does so with a seamless integration of all exposure elements including related and unrelated energy prices, physical/volumetric exposure, currency, interest rates, credit, operational, and other factors.
The benefits of this openness and integration of all risk elements are best highlighted by real-life examples. Given today's volatile trading environment and various on-going deregulation processes for global energy markets, OpenLink's HRM offers the only solution that can capture actual as well as potential market changes, from Europe's emerging emissions credit trading and natural gas deregulations, to America's expanding reliance on imported LNG ( Liquefied Natural Gas) and its increased ISO-based power trading.
What happens as newly created energy products reveal the need for new risk management support for the products? Leveraging HRM's Instrument Modeling and Risk Analytics' External Pricing Model Interface facilities, OpenLink clients enjoy full coverage for these new opportunities. More importantly, once defined, you will find these new products automatically incorporated into your existing production risk management framework across all the exposures. No waiting for hard-coded formulas or burdensome workarounds. No missed opportunities!
HRM empowers you to manage all your trading activities, such as trading and marketing, asset management, fuel procurement, E&P, storage and logistics, and more - with the most robust risk engine. HRM delivers these unparalleled features:
- The Risk Core, industry-leading risk architecture that's open and integrated across all risk elements
- Comprehensive library of risk analytics and pricing models
- User-defined Instrument and External Pricing Model Interface facilities for quickly implementing new products and/or highly structured, customized instruments
- Real-time monitoring of Credit and Market risks
- Real-time Position Management Capabilities
- Robust set of integration tools (e.g., XML, Web Services, TIBCO) so that you can seamlessly integrate HRM into your existing environment, leveraging all of your existing deal-capture, logistic, and accounting solutions
- Optional Grid-enabled back-end for "extreme" performance and scalability
Choosing OpenLink's HRM rather than a low-end solution resembles deciding whether to invest for the long term or just to get by today. The decision is yours!
For a front-to-back tour of Endur, Click Here