The Vendor is required to provide counterparty assessment and monitoring services which will enhance the state ability to manage and mitigate financial risks related to its power-related contracts which includes senate bill (SB) 1020-related “net zero” or “100% renewable” resources contracts.
- Responsible for obtaining and retrieving all needed and relevant information to perform the Contractor-centric tasks and activities specified in this agreement from the original material source (e.g. counterparties themselves, third-party financial repositories and databases, and financial news and reports outlets).
- Creditworthiness score and rating.
• Probability of default by the counterparties in the near-term, short-term and long-term.
• Credit limit and term limit.
• Collateral requirements or collateral limit.
- Assumptions and factors used in either the assessment of the credit strength of counterparties or the terms and conditions specified by the vendor.
- Assessing financial statements to calculate credit limits and determine term limits.
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