Learn about how your organization can benefit from being a member of LEAP.

Introduction

LEAP encourages efficient and reliable transaction processing in energy trading through voluntary automation and standardization. Consistent with this goal, LEAP endeavors to pursue the automation of trade data exchanged bilaterally between counterparties and companies providing ancillary inspection, storage, pipeline transportation, and related services supporting energy transactions. In the automation space, LEAP seeks to promote industry best practices through developing and promoting the use of electronic data transmission standards, conventions and solutions that facilitate and encourage automation.

LEAP also encourages active voluntary participation to bring about further improvements through the definition and use of ‘best practices’

Membership Benefits

For User Companies, LEAP offers an open and transparent forum for the exchange, development and pursuit of standardization and automation initiatives that target increased efficiency and reliability in transaction processing.

For Inspection Companies and Storage Providers, LEAP provides an open and transparent forum for collaboration by and among industry stakeholders, including service providers, to help develop standards and automation solutions that drive industry best practices targeting greater efficiency and reliability in energy transaction processing.

For Solution Providers, Participation in LEAP’s open communication forums allows the opportunity to work directly with end users in establishing definitions, functionality requirements and data transmission inputs and related criteria necessary for the transmission of electronic data by counterparties. The clear understanding of such information subsequently supports focused application development and reduces time-to-market delivery.

In addition, our Work Group process provides insight as to how end users are positioning themselves to meet the future needs of the ever-changing energy markets.

Specifically, there are a few levels of membership within LEAP that each entails their own benefits:

Full Member
Must be an energy trading entity
-Can participate in all LEAP activities
-Can nominate director to the Board
-Can Vote
-Committee office membership

Regular Member
Must be an energy trading entity
-Can participate in all LEAP activities
-Can Vote
-Committee office membership

Service Member
Open to service and technology providers
-May participate on a committee by invitation of the Committee Leader or Board of Directors
 

Associated Member
Open to not-for-profit organizations
-May participate on a committee by invitation of the Committee Leader or Board of Directors

Eligibility

LEAP looks to bring together front office leaders and IT staff from organizations in the petroleum supply and trading business. This includes OTC brokers, inspection companies, chartering companies, and other petroleum based Industry Associates.
All members must be legal entities, not individuals. All members must also adhere to LEAP’s Antitrust Compliance Policy and protocols. Failure to adhere to the organization’s rules, policies and procedures may result in termination of membership.

Procedure for Joining

The Procedure for joining the organization is as follows:

Download and read Documents

Fill out membership agreement

Send 2 signed originals along with payment check to the LEAP secretary:

Joann Bonanno
1500 Louisiana St,
Room 07656
Houston, TX 77002
+1 832-854-4358

Click here to find the appropriate documents for joining LEAP.

If you have any questions you can email the leap administrator at: leapadmin@energyleap.org