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ADVANCING PRACTICES FOR RISK PROFESSIONALS IN THE ENERGY INDUSTRY
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Energy Credit Industry Standards

We work together to publish a new white paper providing industry standards & recommendations regarding energy credit risk management…

 

Initiative for a Set of Technical White Papers:

Credit Risk Management Practice Standards 

The CCRO Board of Directors is very happy to announce this initiative to publish a new edition of our energy credit industry standards white paper

 
 
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Detailed project overview

A published chapter

One of our chapters is completed, and is available to view here…

Today’s Credit Practices Situation as an Impetus for this Project:

The CCRO membership agrees that since our first credit risk publication in 2002, credit risk management practices have evolved in a number of important directions.  In these past fifteen years:

  • New technologies have emerged making complex analyses more practical

  • New mitigation instruments are now offered by new service providers; while others have faded in use

  • New sources of credit risk have emerged, particularly from emerging industry segments such as retail energy

What’s more, we expect this evolution in situation and practices to continue going forward into the future.   As a result of this progression, the CCRO has begun this new initiative to consolidate and update past CCRO materials, and to collaboratively research and author new material.  To advance this group’s work products towards being widely recognized as industry standards, the CCRO will publish a definitive set of white papers, and host industry events & training based on this content.  

The scope of this Ongoing project includes:

  • Monitoring practices

  • Credit mitigation approaches and instruments

  • Credit and compliance

  • Information Technology for credit risk management

  • Creation of credit risks

  • Credit measurement methods

  • Effective credit controls

  • Contracts

The group is this year resuming in its work in earnest. After a pause during the pandemic, we finished and published chapter 10, addressing technology for credit risk professionals (see button at left). Now in 2024, we have resolved to wrap-up a number of chapters already rich in content, that are available for members to edit on SharePoint. Join us!


A Wide Peer Group for this Project

Our member credit solution providers are CCRO Advocate Members that provide expertise and resources needed to tackle research and carry-out case-example credit analyses for the paper.  The wider team of member credit professionals includes a wide cross-section of industry and specialties. Credit risk management practices span all segments of our industry, which makes the diverse CCRO organization ideal to undertake this challenging initiative…

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We welcome IECA as a partner with us in this initiative. IECA is bringing their organization’s expertise and industry presence to help assure this project represents the best in industry and that its deliverables are widely used by industry in the future...


How to get Involved

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"Find out what you don't know...and share what you do"

This group is leveraging CCRO legacy published materials and has developed a lot of draft materials.  Editing and updating these materials has begun via SharePoint, which makes getting involved to make a difference very easy.

In fact, we have published one of the chapters “Technology for Credit Risk”, click here to view this chapter…

To find out how you may participate, please notify us by e-mail at info@ccro.org and we'll arrange a conversation about getting involved...


Group Leadership

Nigeria Bloczynski

Founder and Principal,
Prism Risk

Miguel Correa

Credit Manager,
ARAMCO Trading

Nithya Venkatesan

First VP,
Navitas Assurance

Roderick Austin

Managing Partner,
Cube Logic