Credit Risk in the US Energy Industry: CNRA and Its Implications
The US energy sector has experienced recent loss of counterparty confidence. To offset this, managing credit risk has become paramount. Knowing what the risks are is just the start—risk mitigation methods must be used to reduce overall credit risk exposure and to free up capital resources. Find out three key ways to mitigate risk, and how a clearing, novation, and release agreement (CNRA) can help guarantee collateral.