The purpose of Trading Control is to ensure that a sound and disciplined control environment is maintained associated with the transaction execution function. Trading Control personnel are located at each of ACES’ Regional Trading Centers and at ACES’ national headquarters. Trading Control is responsible for ensuring all executed transactions are captured in ACES’ risk management systems completely, accurately and timely. Trading Control performs various transaction review processes and reconciliations to validate the accuracy of the transaction data, including maintaining the confirmation process. Trading Control reviews all executed transactions for compliance with applicable trading authority policies. Additionally, Trading Control monitors Client portfolios for compliance with associated hedge policies. Trading Control assists Clients with development of various risk management policies including energy risk management, trading authority, sanctions, and hedge policies. The Portfolio Valuation function within Trading Control develops forward curves and performs mark-to-market valuations of forward transactions.