The Committee of Chief Risk Officers (CCRO), an independent non-profit corporation of member companies dedicated to the advancement of a broad range of best practices in the field of risk management, regularly develops and issues White Papers on a variety of topical areas of interest relevant to the energy industry, facilitated by consulting expertise.

The CCRO, whose members include companies of all types and sizes engaged in the energy industry, engaged MJB to facilitate the development of a White Paper on Market Clearing in the Energy Industry. The purpose of this paper was to advance the use of financial as well as physical clearing in the energy industry by: contributing to a common understanding and definition of clearing; identifying its benefits to the market; identifying hurdles and challenges still present; and presenting recommendations that promote its appropriate application and development. The paper also provided a summary description of each of the major vendors offering clearing solutions and a side-by-side comparison of them versus desired clearing attributes. The paper has been one of the more widely quoted White Papers that the CCRO has issued.