New Initiative for a Set of Technical White Papers:
Credit Risk Management Practice Standards
The CCRO Board of Directors is very happy to announce this new initiative. Long-time in planning, recent months have brought together the right people and organizations such that we have now the ideal situation for us to come together and get started on this important initiative for all credit professionals. Join us!
Join your peers...
...CCRO industry professionals
The scope of this new project is to include:
Credit mitigation approaches and instruments
Credit and compliance
Information Technology for credit risk management
Creation of credit risks
Credit measurement methods
Effective credit controls
Today’s Credit Practices Situation as an Impetus for this Project:
The CCRO membership agrees that since our first credit risk publication in 2002, credit risk management practices have evolved in a number of important directions. In these past fifteen years:
New technologies have emerged making complex analyses more practical
New mitigation instruments are now offered by new service providers; while others have faded in use
New sources of credit risk have emerged, particularly from emerging industry segments such as retail energy
The CCRO is the industry platform for professionals to work together to publish ...
What’s more, we expect this evolution in situation and practices to continue going forward into the future. As a result of this progression, the CCRO has begun this new initiative to consolidate and update past CCRO materials, and to collaboratively research and author new material. To advance this group’s work products towards being widely recognized as industry standards, the CCRO will publish a definitive set of white papers, and host industry events & training based on this content.
Widening Our Peer Group for this Project
This new CCRO group is forming now by first establishing the leadership group of credit-practitioner members. In addition, we want to invite the appropriate credit solution providers as CCRO advocate members to provide expertise and resources needed to tackle research and carry-out case-example credit analyses for the paper. The wider team of credit professionals participating as editors is expected to incorporate a wide cross-section of industry and specialties.
CCRO welcomes the International Energy Credit Association (IECA) to this initiative.
CCRO and IECA will be working together to advance development of this set of white papers as well as related events & training...
As owner of the project and its deliverables, the CCRO is reaching-out to its membership and looking to create partnerships all leading to the capable and motivated resources needed to complete the project in a timely manner. Companies and individuals often join the CCRO specifically to gain an active role in shaping and developing our initiatives such as this. CONTACT US for more information about how your company can become involved
For this challenging CCRO Initiative, the IECA is joining with the CCRO to lend support and ensure success in both developing this set of papers and in establishing it as the widely accepted standard for industry. The IECA plans to create a “IECA/CCRO Member Group” of nominated IECA member individuals with expert knowledge and experience for this project. Requirements for participation in the Partner Group are still being worked-out. These individuals will all be designated as Editors in this project.
With the involvement of IECA, we look forward to a quick development of a team of industry leaders from across the energy industry.
"Find out what you don't know...and share what you do"
How to get Involved
One big advantage this group has from the start, is that it will be leveraging CCRO legacy published materials. Editing and updating these materials has already begun, and we welcome any credit professionals interested in the CCRO and joining this initiative.
To find out how you may participate, please notify us by e-mail at email@example.com and we'll arrange a conversation about getting involved...
Leadership Team for this CCRO Project
3 to 4 Co-chairs– Company Members of the CCRO and one IECA Partner Group nominee may be offered this role. Duties include participating in project strategy planning, supporting CCRO Executive Director in promoting the project, and generally ensuring that momentum for the project grows in industry.
3 to 4 Coordinators(aka Project Managers) – Two to four individuals that are Advocate Members of the CCRO may be offered this role. Coordinators apply their team leadership experience to ensure the project stays on-track. As possible, they bring their company’s resources to fill knowledge gaps and conduct analyses. They host group meetings and interact with participants to keep things moving forward.
3 to 4 Principal Editors–CCRO Company or Advocate members that have committed to drafting new text, approving edits suggested by other members, and making changes to the structure of the paper(s). Material time commitment.
Wider Project Participants
Editors – These are additional interested CCRO members, all EICA Partner Group members, and CCRO-invited outside experts. Editors are able to review on-line and suggest changes to the draft document(s) as it evolves, as well as participate in any Editor on-line discussions. All project Co-chairs and Coordinators also have Editor access rights.
Reviewers – Later in the editing cycle, the paper(s) are opened in an outreach phase to outside stakeholders for peer review & comment.
Sponsors– Advocate Member Companies and other CCRO-invited companies to be sponsors are eligible to gain branded exposure to the group and its events. Sponsors provide funds in support of the group’s meetings & events and receive access to the group through their involvement in planning & execution of events such as conferences and training sessions.
Leadership Team Coming Together...
All Leadership Team Members are CCRO Company Members or Advocate Members
Head of Corp. Risk,
IECA Partner Group