Prosmar’s EU ETS Solution
Is your EU ETS compliance consuming more resources than you’d like?
Prosmar Risk’s EU ETS module saves our clients valuable work hours, transaction costs, and provides substantial efficiency gains.
Importantly, we customize to YOUR desired workflow, as we recognize not all companies address the compliance alike.
Below are three profiles using Prosmar’s EU ETS module:
A trader at a large, multinational shipping company finds it difficult to keep track of all the ETS exposures across the different books, losing track of which EUA purchases were meant to cover which voyages, time charters, or forward contracts. This not only wastes time and energy, but it also makes it difficult to effectively hedge.
An operator working at the shipping arm of a small-sized commodities company spends far too much time linking various EUA batches to the appropriate voyages – and having to make updates at the voyage start, commence, and completion to ensure accurate voyage P&L. She feels that her current work process is inefficient and wants to be able to spend more time on more value-creating tasks.
A diligent accountant at a coal company has to regularly monitor the EU Registry transactions, matching the transactions with payables and receivable deliveries. He notices that occasionally, there are mismatches that are difficult to trace. This can be problematic when having to provide an audit trail.
All three of the above user stories have their problems addressed by Prosmar’s EU ETS module:
Benefitting your traders, Prosmar’s EU ETS module:
Shows the ETS exposure on a portfolio view, as well as breaks down ETS exposure on a voyage-to-voyage level
Easily links EUAs to specific voyages, time charters, and forward contracts
Allows for hedging with futures and swaps contracts
Benefitting your operators, Prosmar’s EU ETS module:
Reduces workload of the operator on each voyage by 10-15 minutes
Eliminates manual labor by automatically allocating EUAs at each stage of the voyage, resulting in accurate P&L data
Provides forward-looking EUA planning capabilities
Benefitting your accountants, Prosmar’s EU ETS module:
Keeps track of all your payable and receivable deliveries and links it to your EU Registry transactions
Provides a comprehensive audit trail and accounting compliance
Reduces information leakage from beginning to end
Book a meeting for a demo here:
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