Functionality
The Process
The matching of confirmations via XML documents is based on the principle that two business partners both produce one confirmation and exchange it. enerbility is administering address information for all counterparties that exchange electronic documents. enerbility derives the recipient from the XML document
and forwards the document to this party
.
Process scheme
The buyer compares the XML documents and transfers a Match Suggestion to the seller in case of matching documents
. The seller also checks if the documents are matching and sends a Match Acceptance
where applicable. After successful transfer, the transaction is successfully matched & confirmed for both counterparties and the status in the ETRM can be updated accordingly
.
Range of Transactions
enerbility supports the standards EFET 1.0 and EFET 3.x, with which fix priced and index deals as well as options on all power- and gas products can be matched & confirmed.
Usability
enerbility is operated via a browser-based interface, which has been designed in close co-operation with Back Office staff from the project partners. Different, task-related views and simple parametric queries enable comfortable and efficient handling of the system:
enerbility's user interface
Detail view of eCM documents
Particularly Back Office and Risk Management can derive decisive economic Advantage through enerbility Software:
enerbility convinces back office through
- Time savings and avoidance of time-intensive and tiring routine activities
- Reduction of errors through automation of confirmation matching and electronic filing
- Minimal training time necessary because of user friendly product design
- Reliability in daily usage through high stability and quality
enerbility convinces risk managers through
- Minimal technology risk, namely independence from transport technologies like HTTP or ebXML Messaging Service
- Significant reduction of operating risks thanks to timely data matching reached by automation and electronic transfer
