INSIGHTS
renewable energy – and hence
Premier League now, and we
products that are processed by
increased supply uncertainty –
have to capitalise on the major
the front office, standardising
the US market fulfils most of the
opportunities we now have. The
back-office processes as much as
criteria that enable DC to generate
company’s three-year strategy,
possible has been important for us.
solid earnings. We got established
LEVEL UP, lays out the prerequisites
Given our increasing transaction
in the US in 2019 through an
for our further development.
volumes, further standardisation
Equinor-owned subsidiary that DC operates.
and streamlining of processes so DC processes huge amounts of
more and more reconciliation,
data every day, and given the
confirmation, settlement and so
- I have had the pleasure of being
increased volume of transactions
on can be automated will become
CFO of the company for one year
and greater number of markets
even more important.
now and am happy to note that the
and products in the portfolio, the
acquisition of Danske Commodities
requirements for data structure and
Risk management is a chapter in
has exceeded all expectations and
quality will keep on rising. Likewise,
itself at DC. With gross revenues
must be considered a success”,
the requirements pertaining to
of more than EUR 10 billion a
says Lars Troen Sørensen. “We
risk management and back-office
year and around 70 persons with
have realised more than expected
management of the many trades
market access, it is vital that all
in terms of synergies and have
and transactions will also increase.
risks are registered and tracked
transferred all the business
from the moment they arise until
activities we had planned to DC,
In 2019, DC averaged around 6,000
they are mitigated and eventually
who are now optimising them
trades per day, with a single day
neutralised. Risk management is
on a daily basis. DC is now part
in November seeing more than
an independent function, and the
of a substantially larger company
15,000 transactions pass through
company’s CRO reports to the CEO
and has been granted the
the system. We expect these
in the same way as the CFO.
opportunity to trade in markets
figures to triple in the next five
with products and counterparties
years. DC already uses Robotics
To ensure future growth, DC must
we never had before because our
Process Automation (RPA) for
be able to handle even larger data
capital base and solvency were
much of the back-office process,
volumes, and indeed the company
not large enough. We are in the
and while we have many different
has established a data strategy in
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