The Evolution of Financial Risk Analytics At EnCana
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[edit] Title
The Evolution of Financial Risk Analytics At EnCana Download Paper,
[edit] Abstract
EnCana is one of North America's leading independent gas and oil production companies. We buy and sell product in the market place and need to offset and monitor risk from market movements, and assess risks associated with our customers, to ensure business is conducted within acceptable financial risk profiles. We have needed greater sophistication in our Risk Analytics to calculate "at-risk" metrics on revenue and mark-to-market including VaR, CVaR, PFE, CFaR along with other market, credit and liquidity metrics.
Our existing systems were not up to the task so we implemented SAS Risk Dimensions (RD). We started early in 2005 and had our initial implementation running by April. We then began enhancing the analytics within RD and infrastructure that support it.
This paper will discuss where we started with RD, the enhancements that have been made to date and where we are planning to go in the near future. This evolution will be presented from both the business and IT perspectives.
[edit] Audience
Risk Analysts, SAS Support staff, Managers
[edit] Keywords
Energy Risk, Risk Dimensions
[edit] Location Delivered
Calgary SAS League and Users Group (CSLUG)
2007 SAS Global Forum, Orlando, Florida
[edit] Product
SAS Risk Dimensions
[edit] Download Paper
MEDIA:Evolution_of_Financial_Risk_Analytics_At_EnCana.pdf
[edit] Download Presentation
MEDIA:Evolution_of_Financial_Risk_Analytics_At_EnCana_Presentation.pdf
