Free Simple Glossary of Energy Trading terms

An organization that manages the clearing for an Exchange

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Term used to describe transferring natural gas from a storage facility into a transmission network

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Term used to describe transferring natural gas from a transmission network into a storage facility

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A give up is an OTC trade - usually a forward - given up to an Exchange for clearing 

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A trade with no optionality

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A type of Forward contract that is physically delivered and settled at a price derived from a published index

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A type of Futures contract that is physically delivered and settled at the exchange closing price of the contract

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Origination - the negotiation and conclusion of bespoke contracts, and structuring of non-standard products to offer for sale

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Auto Trade Capture is a capability in most trading organizations (and many have an application called ATC) that allows trades executed on an electronic trading platform (usually exchange or broker) to be automatically downloaded to our organization's ETRM

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To offset the delta of an option or other non-linear trade, usually with a linear derivatives position

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