Spreadsheet: louise_kitchen__22814__issues summary
Sheet: Sheet1

Dept. | Contact | status | Key Issues | Description | Action Being Taken | Impact | Level of Concern
Canada | [NAME] |  | Finalising Canadian Contracts | Canadian contract templates have not yet been completed | [NAME] (CDN UBS Warburg Energy legal) will be in Houston on Thursday this week to work with legal team on completing documents. | Canada cannot transact until contracts are complete | Medium
 |  |  | Resolution of Company name and structure | Company name and structure is required to finalise contracts and ensure participation online. | Working with UBS for resolution | Canada can not transact until structure is known | Medium
Operations | [NAME] | VM
Gas Commercial | [NAME]/Frank Vickers | VM
Power Commercial | [NAME]
Finance | [NAME] | VM
Treasury | [NAME] |  | Replacement of "Citibanking" application with "Keylink" | Changing Cash Flow Management Software | Software changeout underway | If the new software does not work, the old software can be used in the interim. | Low
IT Development | [NAME] |  | New Credit requirements are causing significant changes to credit calculation system | Changes identified as Day 1 requirements by UBS will result in significant changes to the internal credit calculation system, such that it will not be possible to accommodate all change requests for Day 1. | Discussions underway between IT, UBSWenergy credit and UBS credit to ensure everyone understands how the the current system operates and that only the critical Day 1 changes are identified and accomplished. | If reduced change list is not identified, launch will occur with a mix of new  and old credit functionality. | Medium
 |  |  | F/X data flows and hedging procedures need to be defined. | Proposed f/x processes are not consistent with current UBSWenergy/UBS system functions. Procedures and data flows need to be defined to ensure accurate f/x hedging. | Meeting required between UBSWenergy commercial f/x trader and between UBSWenergy and UBS IT development | If new processes are not defined, f/x hedging will be inaccurate | Medium
IT Infrastructure | [NAME] | VM
Credit | [NAME] |  | Counterparty Approval, Limits | Approving specific counterparts for UBS Warburg Energy and assigning headroom limits to each. | Working to define headroom limits consistent with UBS policy and ensuring UBS requirements for approval are met. | Companies which are not approved or which do not have headroom limits assigned will be unable to transact with us. | Low
 |  |  | Completion of Custom Master Agreements | Credit clauses must be tailored as appropriate for each Counterparty/Master Agreement | Working to define the clauses which will be used for each company | Appopriate credit clauses are required before the Master Agreement can be released to the Counterparty | Medium
Legal | [NAME] |  | Finalising contract templates | Incorporating UBS comments into existing drafts and obtaining UBS legal signoff. | The legal departments are working together on this. [NAME] will be in Houston by Thursday morning to represent UBS legal. | Marketing to potential customers cannot commence until contracts are complete. | High
Regulatory | [NAME] | VM