Volume 2 — Governance and ControlsGovernance and Controls © Copyright 2002, All rights reserved 50 • Deal management. 2. Portfolio Design and Management • Position tracking process. • Book structure. • Valuation methodologies. • Sources of market price information. • Risk management instrument types. • Forward contracts. • Futures contracts. • Swaps. • Options. 3. Middle Office Processes • Deal validation. • Confirmation. • Contract administration. • Risk reporting. • Risk analytics. • MTM and valuation adjustments. • VaR. • Greek framework. • Stress testing. • Other risk measures. 4. Personnel Policies and Other Responsibilities • Overview. • Background checks. • New-hire orientation. • New employee/contractor checklist. • Designated employees. • Authorized transactions and exceptions. • Trading for own account. • Conflict of interest.