Good morning-  Discussions have taken place between EBS (Barry Pearce) and RAC (David Port) to make adjustments to the EBS daily risk-reporting process.
This memo will outline the changes that have been discussed and agreed upon.
EBS will implement these changes this week.
DPR   All risk books will be run on Tuesday and Thursday of each week and P&L will be reported for those days.
POSITIONS AND CURVES  Pending an IT solution, positions and curves will be loaded each day.
On days when the books are not run, we will use prior day information.
Per discussions with Credit, this process is sufficient for counterparty exposure reporting.
CASH FLOWS  Cash flows will be loaded on days the books are run.
Infinity will pick up prior information on days when books are not run.

New EBS Procedures for Risk Management Books
Good morning- Discussions have taken place between EBS (Barry Pearce) and RAC (David Port) to make adjustments to the EBS daily risk-reporting process.
This memo will outline the changes that have been discussed and agreed upon.
EBS will implement these changes this week.
DPR All risk books will be run on Tuesday and Thursday of each week and P&L will be reported for those days.
POSITIONS AND CURVES Pending an IT solution, positions and curves will be loaded each day.
On days when the books are not run, we will use prior day information.
Per discussions with Credit, this process is sufficient for counterparty exposure reporting.
CASH FLOWS Cash flows will be loaded on days the books are run.
Infinity will pick up prior information on days when books are not run.
discussions taken place ebs daily risk barry pearce books run infinity changes week dpr credit process sufficient good morning pick prior information counterparty exposure reporting curves pending