Common use of Front Office Clause in Contracts

Front Office. Supply / Trading and Marketing (the “Front Office”) executes the Company’s risk taking and risk mitigation strategies. The Front Office’s functions include deal execution, buying and selling, and hedging of physical commodities or financial instruments. The Front Office is responsible for the initial capturing and logging of a transaction’s specific terms and conditions, as well as the support role of scheduling. The duties and responsibilities of the Front Office are described below under Trading and Marketing Officers, Pricing, Trading Leaders, Traders, Marketing Leaders and Marketers. Note that the focus of these lists is responsibilities with respect to risk management.