IECA Webinars


IECA Webinars offer timely, on-point educational sessions presented by subject matter experts. Webinars run between 60-90 minutes in length and cover such diverse industry topics.

Once you purchase an IECA webinar, you receive 24/7 access to content and materials. Click on any title below to watch a preview of the session. Webinars are a FREE benefit for IECA Members!

(On-Demand Webinars do not offer CPE credits)


Sessions

Credit Rating Downgrades to Deal Counterparties: Traditional Strategies and Lessons Learned From 2016 Oil & Gas Bankruptcies, M&A Markets, and Commodity Price Volatility

Sep 20, 2016 12:00pm ‐ Sep 20, 2016 1:00pm

Identification: WEB160920

Credits: None available.

September 20, 2016

A company’s “creditworthiness” and financial health go hand in hand, and a key assessment of a company’s ability to pay its financial obligations is its credit rating. While a credit rating does not guarantee performance or reflect other types of risk (such as liquidity or market risks), it is a factor that carries great weight in predicting future behavior. In this session, our hosts will review a “Recovery Plan” that will discuss impacts on deals from your company’s credit rating as well as your counterparty’s credit rating, and how you can address those situations to “recover” the deal! Drawing from their legal and accounting backgrounds as viewed against the backdrop of oil & gas bankruptcies, M&A markets, and commodity price volatility in the energy space in 2016, the panel will identify issues and discuss contract language to address those issues before credit rating problems occur, as well as potential responses to consider when an actual credit rating downgrade occurs.


 

If you joined the association recently and you aren't able to register as a member, please contact Tracy Custis at tcustis@ieca.net

Speaker(s): Speaker(s):
Members: $0.00
Standard: $35.00

Upstream Lending Fundamentals and Credit Market Overview

Aug 16, 2016 10:00am ‐ Aug 16, 2016 11:00am

Identification: WEB160816

Credits: None available.

August 16, 2016

Please join us for a presentation and discussion on the energy industry from a banker’s view. The webinar will focus on upstream lending fundamentals coupled with a credit market overview. Charlie Crouse, Energy Division Managing Director at Commerce Bank will cover how credit metrics drive lending decisions including:


  • The Value of the Reserves
  • Leverage Ratios
  • Liquidity Ratios
  • Repayment Analysis

 

He will also take some time to cover upstream lending trends including


  • Regulator Pressure
  • Declining cash flow (and reserve values)
  • How energy lenders are responding

 

The webinar will include with a discussion on where are oil and gas prices going and what do NYMEX futures and fundamentals tell us.


 

If you joined the association recently and you aren't able to register as a member, please contact Tracy Custis at tcustis@ieca.net

Speaker(s):
Members: $0.00
Standard: $35.00

Mark-to-Market Credit Exposures: Now A Credit Insurable Risk

Jul 14, 2016 11:00am ‐ Jul 14, 2016 12:00pm

Identification: WEB160714

Credits: None available.

July 14, 2016

Although credit insurance has existed in the United States for at least 125 years, underwriting in the energy sector has been limited almost exclusively to those credit exposures created in the normal course of physical commodity delivery. Until the last few years, it was very difficult, if not impossible, to get credit insurers to support the idea of covering the financial risk associated with in-the-money credit exposures on longer term, fixed price contracts. As more trade credit and political risk insurers enter the US market every year, the underwriting environment has become much more competitive. Carriers seeking to grow their market share now must continue to evolve and innovate so as to differentiate themselves from the rest of the pack.


 

This insightful webinar provides an overview of current market conditions for mark-to-market credit insurance, who is underwriting it, how the coverage is typically structured and what are the limitations and/or restrictions of this highly specialized coverage.


 

Who should attend:


  • Finance executives
  • Credit management professionals
  • Energy Entrepreneurs
  • Underwriters
  • Professional service providers (i.e. legal, accounting, restructuring advisors, credit data suppliers, etc.)

 

If you joined the association recently and you aren't able to register as a member, please contact Tracy Custis at tcustis@ieca.net

Speaker(s):
Members: $0.00
Standard: $35.00

Developing and Using Internal Ratings – an Important Tool for Evaluating the Credit Health of Your Counterparties

Jun 14, 2016 12:00pm ‐ Jun 14, 2016 1:00pm

Identification: WEB160614

Credits: None available.

June 14, 2016

Please join us for a presentation and discussion regarding developing and using internal ratings. Rachel Reisenauer, Vice President of RMG Financial Consulting, will cover throughout the presentation the benefits and uses of scoring (and point out some weaknesses too) including:

  • Consistency across counterparties particularly non-rated entities
  • Limitations of rating agency ratings
  • Caution against over-reliance on just the results (need to do some homework too)
  • Scoring should be just one of many tools to evaluate counterparties
  • Mapping your score to credit limits

 

She will also point out various methods of credit scoring and the pieces needed in developing scoring including:

  • Scorecards by counterparty type (one size does not fit all)
  • Layering in adjustments (beyond financial statement info), including, quantitative adjustments to financials, qualitative factors and rating agencies
  • Model should have some flexibility and transparency, and be easy to use and understand
  • Importance of backtesting and validation of your model
  • CDS

Speaker(s):
Members: $0.00
Standard: $35.00

Failing Companies and the Commonalities Among Them

May 24, 2016 12:00pm ‐ May 24, 2016 1:00pm

Identification: WEB160524

Credits: None available.

May 24, 2016

Please join us for a presentation and discussion regarding defaults in the energy sector. James H. Gellert will present commonalities among energy companies that have failed since the beginning of 2015, and explain how these defaults did not happen overnight. Mr. Gellert will show attendees what factors were identifiable and the areas within the companies' financials that gave the most early warning. Mr. Gellert will present elements from a financial health perspective, as well as the capital market's perspective.

 

In this webinar, Gellert will: 

  • Review the top 5 industry groups, sorted by percent of defaults
  • Discuss the profiles of failed vs. successful companies in the industry over the past 12-18 months
  • Discuss the volatility in energy bonds, principally in the U.S. High Yield bond market, and how the Fed's rate guidance is impacting energy markets
  • Present Rapid Rating's 2016 Outlook for the Energy Sector"

Speaker(s):
Members: $0.00
Standard: $35.00

Natural Gas 101Natural Gas 101

Preview Available

Natural Gas 101

Mar 1, 2016 12:00pm ‐ Mar 1, 2016 1:00pm

Identification: WEB160301

Credits: None available.

March 1, 2016

This will be the first in a series of presentations by the IECA designed to introduce industry participants to those commodities commonly encountered in your day to day energy practice.  Our first program will be presented by a panel of business and legal industry participants.  Their discussion, which will focus on natural gas,  will explore where the product comes from, how it is transported and used and the various contracts that often arise.

Speaker(s):
  • Francis J Lawall, Esquire - Pepper Hamilton LLP (Philadelphia office)
  • John W Carroll, Esquire - Pepper Hamilton LLP (Harrisburg office)
  • John P Evenstad, Director Credit & Contracts - Concord Energy LLC
  • Zarin Imam, Chief Compliance and Regulatory Officer - Iberdrola Energy Holdings, LLC
Members: $0.00
Standard: $35.00

Understanding & Monitoring Risk in Energy: Best practices in counterparty credit risk management

Jan 12, 2016 11:00am ‐ Jan 12, 2016 12:00pm

Identification: WEB160112

Credits: None available.

January 12, 2016

This webinar will provide a discussion around the current state of credit risk in the energy sector with a significant focus on 2016. The discussion will focus on how to account for and manage risk. The webinar will be a panel format highlighting the following:
 

  • Review of current trends in energy credit risk for rated/unrated credits
  • 2016 outlook for credit & energy
  • How to deal with continued depressed oil prices
  • Key challenges for credit risk underwriting/management
  • Best practices for monitoring risk

Join the IECA for a FREE, informative and timely webinar available to members only!

Speaker(s):
  • Paul Waine, Global Director, Commodity Risk Solutions, Platts
Speaker(s):
Members: $0.00
Standard: $35.00

An Introduction to the Uniform Commercial Code (UCC) and Why Credit and Contract Professionals Should Know It

Sep 18, 2015 1:00pm ‐ Sep 18, 2015 2:00pm

Identification: WEB150918

Credits: None available.

September 18, 2015

Do you know your rights to call for adequate assurance under the UCC? Did you know that a “perpetual” letter of credit expires in five years? Did you know your buyer might have a free out if the ISO reconstitutes a delivery point? Did you know quantity is the only necessary term for a contract? The UCC is powerful - you can control it or be controlled by it. Join Jeremy Weinstein as he introduces several key concepts of the UCC, including a review of adequate assurance and other key contract provisions.

Speaker(s):
Members: $0.00
Standard: $35.00

The Canadian Derivatives Regulatory Reform Initiative: The Journey So Far

Nov 18, 2014 12:00pm ‐ Nov 18, 2014 1:00pm

Identification: WEB141118

Credits: None available.

November 18, 2014

There is no downloadable handout for this session

Many companies in the Canadian energy industry or companies that transact in the Canadian energy industry are dealing with the new trade reporting requirements that were published by the Ontario Securities Commission (OSC), the Manitoba Securities Commission (MSC) and the Autorité des marchés financiers "[provincial regulator in Québec]" (AMF) in Rule 91-507. The Trade Reporting Rules require "reporting counterparties" to report certain over-the counter ("OTC") derivatives data to "designated" or "recognized" trade repositories with respect to transactions involving "local counterparties". Unlike the federal regulation of OTC swaps in the U.S. under the Dodd-Frank Act, each Canadian province or territory will issue its own individual set of regulatory requirements for OTC derivatives.

The presenters of this webinar will discuss the Canadian derivatives regulatory reform regime and its journey so far. In addition, the presenters will review the requirement to report trades that went into effect on October 31, 2014 by the OSC, the MSC and the AMF involving a "clearing agency" or a Dealer. The reporting requirements for trades that do not involve such entities will begin on June 30, 2015.

Speaker(s):
  • Marco Petta, Managing Director, Market Infrastructure, RBC Capital Markets
  • Kari Olesen, Legal Counsel, Corporate Law Department, Enbridge Inc.
  • Zoltan Nagy-Kovacs, Senior Counsel, Commodity and Derivatives, Capital Power Corporation
  • Priscilla Bunke, Associate, Dentons Canada LLP
  • Tim Reibetanz, Senior Counsel & Vice-President, Legal, Corporate & Compliance Group, BMO Financial Group
Free Standard: $35.00

2014 Leading Practices Survey Results

Oct 29, 2014 11:00am ‐ Oct 29, 2014 12:00pm

Identification: WEB141029

Credits: None available.

October 29, 2014

Join the IECA for an informative and timely webinar which is FREE to members and the public.

Deloitte & Touche has again assisted the IECA in the framing and execution of its Leading Practices Survey. This webinar will give you insights into leading credit risk practices as reported by participants and recap major findings and trends identified from the survey results. In this interactive session, attendees will have an opportunity to ask questions about the survey results and gain some insight into what are the best practices in credit risk within the energy sector as it relates to some of the questions.

Important Registration Information:

Please note IECA uses ProLibraries to host webinars. For first time ProLibraries users, you need to create a free user account with ProLibraries . (We suggest using your IECA web login/password if you have one for convenience purposes.)

To register for the webinar:

  1. Click the "Register Now!" button above
  2. Click on "Register" and then "View Cart" or "Shopping Cart"
  3. Click "Checkout"--You will be prompted to create a free account or log in to your existing account and then you will finish the checkout process.
  4. Upon successful registration, you will receive an email confirmation and link to log in in your ProLibraries account to access the webinar.

If you have any questions or need assistance registering for this webinar, please contact IECA at ieca@ahint.com or 856-380-6854.

Important Note:
The comprehensive results of the survey will be provided to all survey participants following the webinar.

If your company did not complete the survey, the comprehensive results will be made available to IECA members within the online Resource Library in January 2015.

Speaker(s):
  • Kim Detiveaux, Director, Energy & Resources Deloitte & Touche LLP
Members: $0.00
Standard: $35.00
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