After discussing solutions to failed end-of-day CTRM reporting in our last post Value Creed’s series, 5 Reasons for Choose Run Smart CTRM Managed Services, continues by showing how critical it is to quickly rectify problems with overnight reports.
Value Creed’s Run Smart CTRM Managed Services runs in conjunction with your reporting system to ensure your pricing, credit, risk, and other reports are complete and accurate so have the most complete information for basing your positioning decisions. Your business day typically starts with a review of your firm’s prior day activities. Your trading platform runs several reports overnight — valuation, value at risk, credit, physical balance, etc. — in the format you need and commodity managers can use. You ensure all the transactions you expected to move, did in fact, value and finalize, and that no anomalies occurred.
It’s all routine. Except when it isn’t.
What happens if the report log does not include the most recently scheduled report? What if it ran but generated errors or unexpected results?
Unfortunately, this occurs all too frequently. Some energy traders rely on legacy systems and outdated technologies that may not be as reliable as the market demands.