• 2016 IECA Master Netting Agreement (MNA) Enforceability Opinion

    Member: $500.00
    Non-member: $1000.00
    Join with purchase: The IECA is offering a special promotion price of $800 for both an IECA 2019 membership and the Enforceability Opinion. Please use MNAMEM discount code at checkout.

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    The 2016 IECA Master Netting Agreement (“MNA”) Enforceability Opinion is now available for purchase. This legal opinion, prepared by Reed Smith LLP, focuses on enforceability of the termination, Close-out netting and Termination Payment provisions of the MNA. When used in accordance with this legal opinion, parties to an MNA governed by the laws of the State of New York can be confident that their exposure on covered transactions can be viewed on a net, rather than a gross, basis, thereby reducing credit risk and potentially conserving working capital.

    The New York Enforceability Opinion is available to members for $500 and to non-members for $1000. A UK Enforceability Opinion will be added at a later date to which access will be provided at no additional charge to those who previously purchased the New York Enforceability Opinion.

  • Credit Support Agreement Gap Risk Table

    Member: $0
    Non-member: $50.00

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    Description:

    This tool is an in-depth analysis of industry-standard credit support agreements, and the differences between those contracts. Individuals in commercial, credit and legal roles will find this a helpful resource in identifying which credit support agreement provides your company with the most protection, and which contract aligns most closely with the credit needs of your business.

    The people that deserve special thanks are Craig Enochs, Chair of the Working Group, Alan Babp, Ryan Evans, Geoffrey Heffernan, Michelle Owens, Tara Liscombe, Kevin Page, James Pappenfus, Ginger Price, Lacey Sedlacek, and Chris York. The other members of the group were Nicole Rigueira, Zackary Starbird, Jeremy Weinstein and K.C. Hairston.

  • IECA 2018 Credit Survey

    Member: $0.00
    Non-member: $500.00

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    Date: December 31, 2018
    Presenters:
    Deloitte, IECA
    In partnership with Deloitte, the 2018 IECA Leading Practices Survey provides insights and benchmarking information specific to the energy credit industry. Benchmarking and trends data provided on the following:

    Company and credit departments/practices
    Risk mitigation
    Clearinghouses/brokers
    Technology
    Current events – impact

  • IECA Financial Statement Confidentiality Agreement Form

    Member: $0.00
    Non-member: $35.00

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    Description:

    The IECA Financial Statement Confidentiality Agreement Form (“IECA Confi”) was developed to facilitate the exchange of non-public financial statements for the purpose of conducting credit evaluations. It is an important tool for credit professionals and their colleagues who are involved in the evaluation of non-public financial statements. As an “off the shelf” form, ready for download from the IECA website, the IECA Confi is a valuable expedient to negotiating the terms of confidentiality for financial statements to be provided at the start of a trading relationship or as part of subsequent credit reviews.

    Highlights:

    • The project was initiated at the request of a credit professional
    • The form is modeled on an in-house template that has over time proven to expedite the negotiation process
    • It is intended for financial statements only
    • It is a template for a 1-page contract
    • The form was developed with significant contributions from contract administrators, credit professionals, and in-house and outside counsel

  • IECA General Agreement for the Provision, Acceptance and Usage of Letters of Credit

    Member: $0
    Non-member: $50

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  • IECA Irrevocable Standby Letter of Credit Form and Supporting Documentation

    Member: $0.00
    Non-member: $50.00

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    Description:

  • IECA Irrevocable Standby Letter of Credit Form
  • IECA Letter of Credit Practice Tips for Standby Letters of Credit Subject to ISP98
  • IECA Irrevocable Standby Letter of Credit Provisions to Paragraph 13 of the ISDA ® 1994 Credit Support Annex
  • IECA Irrevocable Standby Letter of Credit Provisions to Paragraph 13 of the ISDA ® 2016 Credit Support Annex for Variation Margin (VM)


  • This tool is a standardized irrevocable standby Letter of Credit form for industry wide use. The supporting documentation includes practice tips for using standby Letters of Credit and recommended provisions for Paragraph 13 of the 1994 ISDA® Credit Support Annexand Paragraph 13 of the 2016 ISDA ® Credit Support Annex for Variation Margin (VM).

    Any company that uses and/or accepts Letters of Credit as a form of collateral will benefit from using the IECA documentation. The IECA Letter of Credit form was drafted and prepared by a diverse group of experienced energy professionals including some of the industry’s top lawyers, credit and finance professionals. The IECA Letter of Credit form was prepared specifically for energy companies and the way Letters of Credit are used in the energy industry.

    The people that deserve special thanks are Doug Lanzo, Chair of the IECA Letter of Credit Working Group, Ginger Price, Geoffrey Heffernan, Jeremy Weinstein, KC Hairston, John Evenstad, Mark Sherrill, Craig Enochs, Ryan Evans, CJ Lee, Delia White, Karen Scott, Kari Olesen, Todd Rodgers, Joseph Yu and Phil Lookadoo.

  • IECA Master Agreement Gap Risk Table

    Member: $0
    Non-member: $50

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    Description:

    Are there hidden risks exclusively related with your choice of contract? Which master agreement provides your company with the most protection, and which agreement aligns most closely with the commercial/credit/legal needs of your business? Find out why choice of contract really does matter with an in-depth analysis of industry-standard master agreements, and the disparities between those contracts, in the easy-to-use IECA Gap Risk Table. This table, prepared by the IECA Gap Risk Working Group, is sure to be a valuable tool for anyone looking to manage contract risk.

    The people who deserve special thanks are Craig Enochs, Chair of the Working Group, Michelle Owens, Kari Olesen, Tara Liscombe, Chris York, Ginger Price, and Kevin Page. The other members of the group were Jeremy Weinstein, Paul Breme, K.C. Hairston, Doug Lanzo, and Joe Yu.