Research European Commodity Market Regulations - Part 2 | Page 7

European Energy Market Regulations – Survey Results

manual and systems to perform portfolio reconciliation. A further 16% will use software only while
almost a quarter do not know how they will do it.
When asked how they intended to perform the portfolio reconciliation activity, only 10 respondents
replied. Of these, 60% said that they intended to exchange files with each relevant counterparty on
an agreed date and
Figure 4: Portfolio Reconciliation
then using their
system to perform
the reconciliation,
16%
16%
25% said that they
would
use
an
16%
outsourced service
26%
that takes the trades
26%
and works out the
dates, as well as
performing
the
reconciliation, while
one respondent had
Using a system
Combination of system and manual
not yet decided.
Manual only

Don't Know

No Answer

We also asked how
many extra man-days of effort per quarter would be added by the new reconciliation rules to their
workload. Only 11 respondents answered but they suggested a range of values from three mandays/quarter to as high as 30 man-days/quarter and an average of 16.8man-days of additional effort
per quarter.

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December, 2013

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