Shopping for curves

More regulation requires more accurate valuation of forward trades – and a need for more reliability in the forward curve tool. Sandy Fielden presents an informal survey of the data choices available to energy risk managers in the US natural gas and electricity markets who are looking for forward curves

The 2002 Sarbanes Oxley (Sox) legislation in the US created new accounting standards for stock exchange-listed companies required to report to the Securities and Exchange Commission (SEC) on a quarterly and annual basis. Section 404 of Sox covers internal control over financial reporting and requires that companies demonstrate adequate audit and control process over (among other areas) their financial transactions. Sox legislation implicitly requires US-registered energy trading companies to