Energy Credit Best Practices – Chapter: Information Technology http://ccro.org © Copyright 2022, CCRO. All rights reserved. 32 4. Glossary of Terms Access Control List) - A list of permissions associated with an object. The list specifies who or what is allowed to access the object and what operations are allowed to be performed on the object. Artificial Intelligence (AI) - The development of applications, subroutines or other automated means that mimic the decisioning and logic leveraged by humans. Asset-Backed Trade - The asset-backed trading is a style of commodity trading which is used to seek and exploit market volatility in order to monetize the operational assets owned by the trading entity. Balance of the Month Exposure (BalMo) – The remaining days left in the month in which a commodity has not yet been delivered to the customer/counterparty. The Credit Exposure for the remaining undelivered days in the month is calculated using a MtM valuation method. A creditor will not continue to delivery to a counterparty if a default event has transpired unless they are contractual obligated to so. MtM calculates the replacement costs to the creditor if the undelivered commodity value is “Out of the Money” to the current market price. Bank Facilities - A facility is a formal financial assistance program offered by a lending institution to help a company that requires operating capital. Types of facilities include overdraft services, deferred payment plans, lines of credit (LOC), revolving credit, term loans, letters of credit, and swingline loans. A facility is essentially another name for a loan taken out by a company. Billed – Invoiced receivables for product that has not yet been paid by the counterparty or Customer. A component of the Current Exposure calculation. Blockchain (see Shared Ledger) - An architecture of a series of "blocks" that leverage cryptography to ensure a secure, two-party transaction in an approach that is verifiable and permanent. There are various implementations and architectures of Blockchain, depending upon the industry and specific use. Book Value - The Book Value of a company is the net difference between that company's total assets and total liabilities, where Book Value reflects the total value of a company's assets that shareholders of that company would receive if the company were to be liquidated. Chatbot- A phrased coined for a “virtual assistant” typically rendered by webpages or applications. These chatbots attempt to answer human-authored questions that represent typical questions from their users. The intent of a chatbot is to reduce or eliminate load on humans supporting the application and/or industry, forming a more cost-effective approach for the company and a more consistent experience for the customer. Cloud Providers - A cloud provider is a company that delivers cloud computing-based services and solutions to businesses and/or individuals. This service organization may provide rented and provider-managed virtual hardware, software, infrastructure, and other related services. Cloud services are becoming increasingly desirable for companies because they offer advantages in terms of cost, scalability, and accessibility. Cloud Services - Cloud services refer to any IT services that are provisioned and accessed from a cloud computing provider. This is a broad term that incorporates all delivery and service models of cloud computing and related solutions. Cloud services are delivered over the internet and