Usgc market abbreviation for united states gulf coast

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USGC Market abbreviation for United states Gulf Coast. V VaR Value-at-risk. the Var of a portfolio is the worse loss expected to be suffered over a given period of time with a given probability. the time period is known as the holding period, and the probability is known as the confidence interval. Var is not an estimate of the worst possible loss, but the largest likely loss. For ex- ample, a firm might estimate its Var over 10 days to be Us$100 million, with a confidence interval of 95%. this would mean there is a 5% chance of a loss larger than Us$100 million in the next 10 days. Vega the rate of change of the value of an option with respect to the volatility of the underlying instrument (sometimes referred to as kappa). Volatility the degree to which a particular price has fluctuated in the past or is expected to in the future.
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- 12 - VPP WTI (West Texas Intermediate Crude Oil) VPP Volumetric Production Payment. VPPs are debt- financing structures in which the Buyer advances funds to the seller in exchange for a non-operating in- terest that is paid from a specific portion of production. W Watt a measure of real power production or usage equal to one Joule per second. the rate of energy transfer equivalent to one ampere flowing under a pressure of one volt. Wet Gas natural gas containing significant nGL components. natural gasoline, butane, pentane and other light hydrocarbons can be removed by chilling and pressure or extraction. WTI (West Texas Intermediate Crude Oil) WtI crude is deemed to be traded at Cushing, okla- homa. traders typically refer to the nyMEX Light sweet Crude futures contract as the WtI contract. Sources: 1. Incisive Media. Commodity Risk Management and Trading Glossary, 2013. 2. Mercatus Energy Advisors. Energy Hedging & Risk Management Glossary, 2012. 3. North American Electric Reliability Corporation. Glossary of Terms Used in Reliability Standards, 2015. 4. PDC Energy. Glossary of Terms, 2015. 5. Standard & Poor’s. Volumetric Production Payment (VPP) Transactions. 6. US Energy Information Agency. EIA.gov/tools/glossary. 7. Vivek Chandra. Glossary—NatGas.info/glossary. 8. Wiley. Foundations of Energy Risk Management, 2009.
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Creating a culture of risk awareness® Global association of risk Professionals 111 town square Place 14th Floor Jersey City, new Jersey 07310 U.s.a. + 1 201.719.7210 2nd Floor Bengal Wing 9a Devonshire square London, EC2M 4yn U.k. + 44 (0) 20 7397 9630 www.garp.org © 2015 Global association of risk Professionals. all rights reserved. 7-15 About GARP | The Global Association of Risk Professionals (GARP) is a not-for-profit global membership organization dedicated to preparing professionals and organizations to make better informed risk decisions. Membership represents over 150,000 Members and Affiliates from banks, investment management firms, government agencies, academic institutions, and corporations from more than 195 countries and territories. GARP administers the Financial Risk Manager (FRM®) and the Energy Risk Professional (ERP®) Exams; certifications recognized by risk professionals worldwide. GARP also helps advance the role of risk management via comprehensive professional education and training for professionals of all levels. www.garp.org.
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