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Main Page by Topic

A. PnL Explained

B. CTRM Software

C. Statistics

 

Site Map

 

Site Map Sections

1) PnL Explained Professionals

2) PnL Explained

3) CTRM

4) Statistics

 

1) PnL Explained Professionals

Link to  PnL Explained Professionals Home Page

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Page

Description

1

About Us

Information about the PnL Explained Professionals Association

2

Contact Us

How to contact the PnL Explained Professionals Association

3

Home

The main, i.e., home page for the PnL Explained Professionals Association web site.

4

Membership

Information on how to become a member and the benefits of membership

5

PnL Explained Professionals FAQ

Frequently asked questions about the PnL Explained Professionals organization 

6

Privacy

Privacy policy

 

 

2) PnL Explained

Link to PnL Explained Main Page

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Page

Description

1

Glossary

Terms used by PnL Explained Professionals

2

Greeks Explained

Information about the greeks

3

MTM Explained

Information on how to calculate MTM (Mark-to-Market), i.e., PV (present value) for various types of financial instruments (i.e., trades).

4

Option Pricing Models

Introduction to what we mean by the term ‘Pricing Model’.

5

PnL Explained FAQ

Frequently asked questions about PnL Explained

6

Trade Type Reference

Encyclopedia of different trade types

7

VaR ‘Value-at-Risk’

This page provides readers with a high level introduction to Value-at-Risk, known as ‘VaR’ and a comparison of calculation methodologies.

 

 

3) CTRM Software

 

Link to CTRM Main Page

 

This link takes you to a page on the PnL Explained Professionals website describing the CTRM Professionals Group.  From there, you’ll find a link to the LinkedIn homepage for the group.

Link to CTRM Professionals LinkedIn Group Page

 

3.1) CTRM Software – General Topics

 

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Title

Description

3.1.1

Intro to CTRM Software

Introduction to CTRM Software (Commodities Trading & Risk Management), sometimes called ‘ETRM’ for ‘Energy Trading & Risk Management’

3.1.2

Think like a CTRM Vendor

Considers things from the point of view of a typical CTRM Vendor

3.1.3

CTRM Ecosystem

Where things are at now and where they may be heading for the software Ecosystem of CTRM

3.1.4

Jigsaw Puzzle Metaphor

This page introduces a model of a CTRM based on a jigsaw puzzle metaphor.

3.1.5

CTRM System Design Philosophy

Provides some Design Philosophy suggestion for CTRM system designers and builders.

3.1.6

System Security

Introduces the topic of Security for CTRM systems.  That includes topics like security around who can log in and functional level security around different modules of the overall system.

3.1.7

Quality Assurance

Topics around Software Testing for CTRM Systems

3.1.8

Operations and Support

Considerations for supporting in production a CTRM system.

 

 

3.2) CTRM Software – Vendor Risk

 

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Title

Description

3.2.1

Vendor Risk Management

Intro to Vendor Risk Management (VRM)

3.2.2

Vendor Risk Mitigation

Ways to both

a) Reduce your Vendor Risk and

b) while simultaneously reducing your TCO (total cost of ownership)

3.2.3

Vendor Risk Audit

Provides a must-see Checklist for your firm’s Period Vendor Risk Audit, also known as a ‘Vendor Risk Assessment’

 

 

3.3) CTRM Software – Design Considerations for Specific Functionality

 

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Title

Description

3.3.1

Broker Fees

Design Considerations for Broker Fees on Trades

3.3.2

Initial and Variation Margin for Futures

Design Considerations for Initial and Variation Margin for Futures

3.3.3

Interbook Trades

 

Design Considerations for Interbook, Passthrough and Allocation Trades

 

3.3.4

Trade Payment Calculation Formulas

 

Design Considerations for Trade Payment Calculation Formulas

 

3.3.5

Applying Settlement Prices

Design Considerations for Applying Settlement Prices

3.3.6

VaR ‘Value-at-Risk’

This page provides readers with a high level introduction to Value-at-Risk, known as ‘VaR’ and a comparison of calculation methodologies.

3.3.7

PnL Benchmarking

Introduction to the practice of comparing PnL from actual trades, e.g., done to hedge market risk, compared to a firm’s internal benchmark.

3.3.8

Volatilities

Introduction and considerations on Volatilities

 

 

3.4) CTRM Software Implementation Related Topics

 

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Title

Description

3.4.1

CTRM Switching Systems Strategies

Strategies for migrating from one Vendor system to another or for switching from a vendor-supplied system to a home-grown solution or vice-versa. 

3.4.2

Reference/Static Data as Prerequisite for Trading

Comprehensive list of CTRM Setup Data, sometimes called ‘Static Data’ or ‘Reference Data’

3.4.3

Trade Migration Tips and Considerations

Migrating Transaction/Trade Data from a Legacy to New CTRM System

 

 

3.5) Trade Information

 

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Title

Description

3.5.1

Trade Type Taxonomy

Describes examples of ‘Trades’ and other Non-trade items, e.g. physical inventory, supported by CTRM Systems

3.5.2

Trade Lifecycle

Describes the start to end lifecycle of typical trades with some examples for Swaps, Futures, etc.

3.5.3

Trade Type Reference

Encyclopedia of different trade types

 

 

3.6) Commodities Overview/Information

 

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Title

Description

3.6.1

Big 3 Energy Commodities  

Introduces the Big 3 Energy Commodities, Crude Oil/Refined Products, Natural Gas and Power (a.k.a., Electricity)

3.6.2

Precious Metals

Introduces Precious Metals, e.g., Gold and Silver, in the context of CTRM design considerations

3.6.3

Base Metals

Introduces Base Metals, e.g., Copper and Aluminum, in the context of CTRM design considerations

3.6.4

Softs/Ags/Dairy

Introduces Softs like Cocoa Beans, Ags like Wheat, and Dairy in the context of CTRM design considerations

 

4) Statistics

Link to Statistics Main Page

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Title

Description

1

Sample Statistics Midterms and Finals

Sample Statistics Midterms and Finals from Intro to Statistics Class

2

Statistics Main Page

Main page for the site topic on ‘Statistics’

3

Unbiased Estimator of Variance

Explanation of why you use ‘N – 1’ instead of ‘N’ when calculating an unbiased estimator of a population’s Variance or Standard Deviation given sample data.

4

Volatilities

Introduction and considerations on Volatilities

 

 

Note on the above:

The same target page may exist in multiple sections, i.e., if the content is more broadly applicable.  E.g., ‘VaR’ is under the ‘PnL’ section, as that section talks about Risk Management in general and the ‘CTRM’ section as the VaR page talks about considerations for CTRM systems.

 

 

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