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L eadership for E nergy A utomated P rocessing. 2007 PIDX Fall Conference, Houston Oct. 8 Presented by: Vlad Zeman, LEAP Chair.

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l eadership for e nergy a utomated p rocessing

Leadership for Energy Automated Processing

2007 PIDX Fall Conference, Houston Oct. 8Presented by: Vlad Zeman, LEAP Chair

To pursue the automation of data processed between trading counterparties and companies that provide ancillary inspection, storage, pipeline movement, and related services.

To promote simplifying business standards and practices.

To develop and promote the use of non-proprietary electronic data standards, conventions and dictionaries, favoring industry standards over proprietary ones.

To retain control wherever possible over such intellectual property while making freely available to industry participants by means of licensing for use in accordance with the principles of this charter.

To encourage cooperation among the energy trading parties and other industry participants/associations towards achieving our mission. To encourage a broad based participation in the association.

To provide equal access to the standards for all members.

Our Mission:To promote efficient and reliabletransaction processing within the energy trading industry by means of automation and standardization.In connection therewith:

need to update current participating companies
Addax BV Curacao


Barclays Capital


BNP Paribas

Cargill International



Deutsche Bank

Glencore Ltd.


J Aron & Company

JPMorgan Chase

Mercuria Energy Holding BV

Morgan Stanley

Lehman Bros.




Shell Trading



NEED TO UPDATE…..Current Participating Companies
leap workstreams
Contract Matching Group

Currently working towards sign-off of a standardized Master Agreement for Purchasing and Selling Refined Petroleum Products and Crude Oil

Expected in Q4 2007

Scope intended to include all purchases and sales transported via pipeline in the US market

Currently working on first draft of a master agreement to cover business for the Amsterdam/Rotterdam/Antwerp barge market

Next scope of focus is undetermined, but suggestions have included:

European Brent-Forties-Oseberg

Asian Open Spec Naphtha

US Barge business

Canadian Crude delivered via pipeline

LEAP Workstreams
leap workstreams6
Certificates of Quantity and Quality (CQQ’s)

Focusing on the need to automate the exchange of structured oil inspection data, developing a standard XML format for nomination appointments (energy company to inspection company) and key inspection results (inspection company to energy company).

Results of automation benefit all stakeholders in the value chain:

Oil seller can receive generate invoice and receive cash more quickly

Oil buyer can immediately react to the volume and quality of oil received, and adjust future demand plans accordingly

Inspection company can receive cash for their services in a more timely basis, possibly without issuing an additional invoice

LEAP Workstreams
leap workstreams7
LEAP Workstreams

eBLs Group

  • Replacing outdated and inefficient paper cargo shipping documents with a number of interoperable web-based eDocs providers offering the secure and effective production and transfer of electronic shipping documents, including specifically the negotiable “bill of lading.”
  • Working specifically to create standards for:
    • Document Instructions
    • Amendments to General Terms and Conditions, Sales Contracts, and Charterparty Agreements to allow companies to use electronic documents.
leap workstreams8
Settlements Matching

Facilitating the ability to electronically match energy trade invoices, focusing at first on swaps and options, and later on physical transactions and other exotics.

Discussions have begun with several possible service providers based on a conceptual model developed by the team.

Benefits include the obvious such as accurate and more timely settlements, but also ability to fully utilize credit lines, more transparency on payment disputes, reduction of tie to a physical location for settlement functions of a company.

LEAP Workstreams
leap workstreams9
Reference Data

To establish standards governing reference data to facilitate LEAP's automation efforts and to define the functionality required to manage & distribute reference data.

LEAP Workstreams
additional information
LEAP conducts at least two meetings per year of the membership and invited trading companies and service providers.

Our meeting in Geneva, Switzerland June 12-13, 2007 was attended by over 60 delegates and was a huge success. !

Future LEAP meetings:

Feb. 2008—London

Please visit our website at www.energyleap.orgfor more information about LEAP.

Need more information on:

Becoming a LEAP member?

Being added to our mailing list?

Upcoming meetings?

Contact Rebecca Lehrfeld

[email protected]

(203) 328-3191

Additional Information