Spreadsheet: louise_kitchen__22809__Credit Start Up Plan
Sheet: Sheet1

NETCO Start Up Plan
Credit Risk Management
 |  | Task | Duration | Start | Finish | Responsibility
Estabish NETCO counterparty base |  |  | 3 days | 2002-01-07 00:00:00 | 2002-01-10 00:00:00 | Credit
 | Create master list of potential CPs from CAS, including criteria: |  | 2 days | 2002-01-07 00:00:00 | 2002-01-09 00:00:00 | Credit
 |  | Entities ENA, ECC and EPMI only
 |  | Products of Gas and Power only
 |  | Status of Active
 | Combine and analyze above results with EOL CP list |  | 1 day | 2002-01-09 00:00:00 | 2002-01-09 00:00:00 | Credit
 | Circulate list to Credit, GCP and desks for final approval to upload |  | 1 day | 2002-01-10 00:00:00 | 2002-01-10 00:00:00 | Credit
 | Cleanse resulting counterparty list |  | 10 days | 2002-01-11 00:00:00 | 2002-02-11 00:00:00 | Credit
 | Integrate GCP data set with new owner to ensure reporting consistency |  | 1 month | launch |  | GCP
Continue to perform credit reviews for NETCO counterparties (top 50 done) |  |  | 1 month | launch |  | Credit
 | Perform counterparty analysis if not within last six months
 |  | Assign credit score
 |  | Determine appropriate credit limits (dollar, tenor, term & potential exposure)
 |  | Input results of above into NETCO CAS
 |  | Populate EOL profile and limits
Execute trading contracts |  |  | 2 months | launch
 | Identify initial target contract customers |  | in progress |  |  | Commercial
 | Specify contracts to be put in place (EEI, ISDA, Master Firm) |  | in progress |  |  | Legal
 | Develop credit terms |  | 2 months | launch |  | Credit
 | Send drafts to counterparties |  | 2 months | launch |  | Legal
 | Negotiate terms as necessary |  | 2 months | launch |  | Credit / Legal
Guarantys - outgoing and incoming |  |  | 1 month | 2002-01-10 00:00:00 | 2002-02-10 00:00:00
 | Identify customers which require credit support |  |  | 2002-02-01 00:00:00 | 2002-02-28 00:00:00 | Credit
 | Draft form of guaranty |  |  |  |  | Legal
 | Send draft of guaranty to counterparties |  |  |  |  | Credit
 | Negotiate format as necessary |  |  |  |  | Legal
Credit Reserve
 | Coordinate process with new owners
 | Models migrated via IT transition
 |  | Transaction model - Excel
 |  | Transaction model - RisktRAC
Establish credit support procedures for NETCO |  |  | 7 days | 2002-01-11 00:00:00 | 2002-01-21 00:00:00 | Credit
 | Obtain legal input as to access to ESTATE credit hard copy files
 |  | Hard copy credit files by counterparty | 4 days | 2002-01-11 00:00:00 | 2002-01-16 00:00:00 | Credit
 |  | Keep any files or components thereof
 |  | Create new files for any information not retained from ESTATE
 | Develop procedures for contract briefings, name changes and assignments |  | 2 days | 2002-01-17 00:00:00 | 2002-01-18 00:00:00 | Credit / GCP
 | Establish new procedure for setting up new counterparties which credit reviews first |  | 1 day | 2002-01-18 00:00:00 | 2002-01-21 00:00:00 | Credit / GCP
 | Develop procedures for internal GCP / Credit interface with regard to relationships |  | 1 day | 2002-01-18 00:00:00 | 2002-01-21 00:00:00 | Credit / GCP
Policy
 | Incorporate credit policy within NETCO Risk Management Policy |  | 24 days | 2002-01-21 00:00:00 | 2002-02-21 00:00:00 | Credit / MRM
Separate CAS systems into NETCO and ESTATE |  |  | 5 days | 2002-01-15 00:00:00 | 2002-01-20 00:00:00 | Credit / IT
 | ESTATE systems scenario testing |  | 5 days | 2002-01-07 00:00:00 | 2002-01-12 00:00:00 | Credit / IT
 |  | Determine completeness of feeds from ERMS, EnPower, [NAME], CPR and Unify
 |  | Create dummy CPs, books, contracts, deals, etc
 |  | Test each through systems to ensure flow
 | NETCO CAS systems testing |  | 5 days | 2002-01-15 00:00:00 | 2002-01-20 00:00:00 | Credit / IT
 |  | Determine which data fields to be copied over from ESTATE
 |  | Copy specified fields for specified counterparties into NETCO version
 |  | Determine proper Canadian interface
 |  | Test NETCO CAS systems
 |  | Determine interfaces required by new owners | 1 month | 2002-02-01 00:00:00 | 2002-02-28 00:00:00
Separate RMS (RisktRAC) systems into NETCO and ESTATE
 | ESTATE systems scenario testing
 | NETCO systems testing |  | 10 days | 2002-01-07 00:00:00 | 2002-01-18 00:00:00 | Credit / MRM
 |  | Set up new risk books
 |  | Set up portfolio heirarchy structure
 |  | Copy all new curves from ESTATE to NETCO version
 |  | Determine which books not applicable for Credit and exclude
 |  | SEE MARKET RISK / RESEARCH PROJECT PLAN
Define process to reconcile DPR, Accounting and Risk Systems |  |  | undetermined
Set up new credit reporting procedures and interface with accounting for NETCO |  |  | undetermined
Subscriptions to place
 | S&P
 | Moody's
 | D&B
 | DBRS, [NAME]??
Credit Scoring Model
 | Coordinate process with new owners
 | Moody's RiskCalc potential purchase
 | Training of analysts
People |  |  | 39 days | 2002-01-07 00:00:00 | 2002-02-28 00:00:00
 | Retention Plan |  | 10 days | 2002-01-07 00:00:00 | 2002-01-18 00:00:00
 | Finalize |  | 1 day | 2002-02-28 00:00:00 | 2002-02-28 00:00:00