Energy and metals information provider Platts, a division of The McGraw-Hill Companies, Inc., US, has expanded its products and services to include Platts Valuation Hub. The Platts Valuation Hub is projected as a one-stop solution for customised derivative and asset valuations and risk management consulting services for energy market participants.
Platts Valuation Hub uses Platts' oil, natural gas, power, coal, nuclear, petrochemicals and metals market data to provide customised reports and services. It produces valuations for portfolios and individual over-the-counter and exchange traded instruments such as swaps, options, combination and complex instruments and structured products. It also provides valuations for commodity-based assets, including oil and natural gas reserves and contracts and supply and power purchase agreements, among others.
Platts Valuation Hub methodologies are consistent with International Financial Reporting Standards and US General Accepted Accounting Principles for fair value reporting requirements and financial model compliance under the US Dodd-Frank legislation. All valuations are generated in easy-to-read reports with clear descriptions of employed methodologies and full documentation required for fair value accounting entries, financial statement disclosures, and regulatory reporting requirements.
Randy Wilson, former partner with KPMG LLP in energy risk management, and Evan Zuckert, former managing director of BNP Paribas specialising in commodity derivatives, have joined forces with Platts to help spearhead this new offering.
Through its risk management data services, Platts seeks to provide clients with a full and independent view of forward price assessments for natural gas, power, oil, and coal in regions around the world. In addition to more than 200 forward curve price assessments daily, Platts publishes more than 9,500 benchmark price assessments, references, and indexes in energy, petrochemicals and metals on a daily basis.
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