Trading Agreements
Kolobara Law Firm helps market participants with drafting, negotiating, and
implementing standard trading documentation for physically and financially
settled products. We leverage our 15 years of in-house experience
negotiating and drafting trading documentation, and over 10 years of
participation on the drafting committees of the North American Energy
Standards Board (“NAESB”) and the WSPP, to create and implement the trading
documentation that meets the operational and financial goals of the
underlying transactions. Having worked shoulder to shoulder with traders,
risk managers and credit managers over the past 15 years, we can add value
and efficiency to the negotiating process. Our clients benefit from our
cross-functional approach including operational, financial, strategic, and
risk considerations.
Kolobara Law Firm assists market participants with enhancing trading
liquidity and mitigating risk by explaining the pros and cons of all
contractual provisions. This way, our clients can adjust their operational
or financial aspects of their agreements in order to optimize the value of
each transaction. The trading agreements we draft or negotiate are tailored
to the unique needs of each client, ensuring the best possible results and
maximized returns. Our firm remains on the cutting edge of energy trading
and compliance trends. We are constantly monitoring the latest developments
in the energy trading arena and continually inform our clients about any
changes relevant to their underlying transactions.
Kolobara Law Firm has extensive experience drafting and negotiating the
following trading documents and we stand ready to assist market participants
with their documentation needs for:
Standard Master Agreements For Physically Settled
Products – NAESB, EEI, WSPP, ISDA gas, power, and coal annexes, as
well as special provisions, long-form confirmations and standard industry
agreements for coal, emission allowances, and crude oil agreements.
ISDA Schedules and Paragraph 13 – We
draft, negotiate, and implement swap documentation for commodity, interest
rates, foreign exchange, freight, weather, and currency swaps.
Credit and Collateral Agreements – We
offer to draft or negotiate standard forms for corporate guarantees, letters
of credit, master netting agreements, margin and collateral agreements,
credit support annexes, cross-product or cross-affiliate netting agreements,
and lock-box agreements.
One-Off and Non-Standard Agreements – We
assist with a variety of transaction documentation on the power side
including tolling and take-or-pay agreements, physically and financially
settled spark-spread options, unit contingent agreements, requests for
proposals, ancillary services, financial transmission rights, long-term
power purchase agreements, and transmission agreements. On the gas and
natural gas liquids side we can assist with long term supply agreements,
midstream agreements, capacity release agreements, wellhead purchase
agreements, fuel requirement and energy management agreements, capacity
hedging and calendar/spread hedging documentation, as well as gas and
liquids production and processing agreements.