Direct Energy Gas Forwards Secured by LOC
University Of Illinois System OfficesHigher Ed · Urbana, IL- Disclosed value
- $0.42 million notional; $0.25 million current contract value; current NTE (market value) $0.04 million
- From report
- Document date
- Mar 31, 2023
- Term
- 2023–2024
The 30-second brief
The University of Illinois System holds 2023–2024 natural gas forward purchase contracts with Direct Energy Business Marketing, backed by a $0.20 million Deutsche Bank AG letter of credit. The $0.42 million notional position shows a small positive NTE of $0.04 million as of March 31, 2023.
Direct Energy Business Marketing holds this financial services contract with University Of Illinois System Offices. Its other public contracts on record include work for Morris County Vocational School District and Livonia Central School District.
Term as filed: 2023–2024.
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Contract details
- Contract type
- Financial Services
- Amount
- $0.42 million notional; $0.25 million current contract value; current NTE (market value) $0.04 million
- Document date
- March 31, 2023
- Term
- 2023–2024
- Source document
- University of Illinois System Derivatives Dashboard Report March 2023 (Report)
Direct Energy Business Marketing's other public contracts
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Questions about this contract
Who was awarded the financial services contract by University Of Illinois System Offices?
Direct Energy Business Marketing was awarded this financial services contract by University Of Illinois System Offices, as recorded on March 31, 2023. The contract value is $0.42 million notional; $0.25 million current contract value; current NTE (market value) $0.04 million.
How much is the Direct Energy Business Marketing contract with University Of Illinois System Offices worth?
The Direct Energy Business Marketing contract with University Of Illinois System Offices is valued at $0.42 million notional; $0.25 million current contract value; current NTE (market value) $0.04 million, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in University of Illinois System Derivatives Dashboard Report March 2023 (Report), dated March 31, 2023 from University Of Illinois System Offices. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Direct Energy Business Marketing hold?
Direct Energy Business Marketing may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is University Of Illinois System Offices currently buying?
Explore University Of Illinois System Offices's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.