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Fundamentals of Energy Futures (FOEF)
A comprehensive one-day introductory course for everyone from support staff
to upper management. Includes an exciting trading simulation.
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Options I - Fundamentals of Energy Options (FOEO)
Long thought a difficult topic - we'll make options easy in this one-day
workshop! Includes premium valuation and basic trading strategies. Plus...
you will apply all your new skills in a trading simulation.
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Options II - Options Pricing and Applications (OPA)
Once you’ve mastered the basics through our Fundamentals of Energy Options
course, you can learn how to take advantage of fast-changing markets to get
the most out of your option positions with this one-day course. This workshop
not only extends your understanding of option dynamics, but also allows you
to practice these skills through our unique trading simulation.
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Options III - Option Strategies (OS)
A great one-day follow-up to our fundamental course! Enter the realm of
advanced trading strategies and prepare for OTC "exotics".
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Options IV - Exotic Options (EXO)
This one-day course focuses on the application and pricing of innovative risk
management tools. Plus... you’ll apply hedging strategies using "exotic"
options to hedging scenarios through our unique case studies.
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Energy Risk Management (ERM)
A perfect two-day course for those who want a more in-depth understanding of
hedging and the multitude of tools available to them. Includes real world
case studies!
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Credit Risk Management (CRM)
This one-day course is designed to build on the foundation established by the
concepts covered in the WBT Credit Risk Management course.
Delegates are introduced to various credit risk derivatives and their
functionality in the credit risk mitigation universe.
Delegates will leave the 1-day course with a portfolio of industry techniques
for evaluating, measuring, monitoring, and managing credit risk.
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Fundamentals of Natural Gas Basis Trading (NGBT)
After learning all there is to know about exchange-traded futures and options,
traders are always faced with a complex dilemma - Basis. The 'B' word can make
or break a successful hedging or trading program. This one-day programme
includes timely 'real world' examples to reinforce the application of basis
trading concepts and tools. After completing this course, delegates will have a
strong working knowledge of basis trading. This knowledge will be put to the
test during an exciting trading simulation.
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Fundamentals of Technical Analysis (TA)
Take the mystery out of today’s leading technical indicators! You’ll learn
what’s behind this science and how you can make it work for you in this
two-day workshop.
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Advanced Technical Analysis and Technical Trading (ATA)
This course examines how market participants apply theories of technical
analysis to various trading timeframes through the presentation of advanced
material and a series of interactive workshops. The timeframes covered include
day trading and swing trading through a study of 5, 30, 60 minute and daily
charts, and position trading through an examination of daily, weekly and
monthly charts.
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Front to Back Office: Trading Controls and Best Practices (FTBO)
If you're in the front, mid or back office you need to understand Best
Practice controls to use as guidelines for oversight of trading operations
and related risk management activities. Trading disasters will be reviewed
and analyzed in this one-day workshop. Preventions will be reviewed through
interactive group discussions and class exercises.
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Value-at-Risk: The Basics and Beyond (VAR)
Value-at-Risk is the new benchmark for calculating and reporting market
exposure. Learn the ins and outs of this simple, yet powerful method of
measuring and controlling financial risk. This one-day course is ideal for
those without a background in statistics.
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Understanding Meteorology (WX)
This one-day course focuses on the meteorological events that shape the
energy industry. Discussions range from the science behind daily weather
fluctuations to the development and impact of global weather patterns such as
El Nino ... plus an exciting Hurricane Tracking Simulation!
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Fundamentals of Weather Derivatives (WD)
Weather is the single most important factor in influencing price volatility,
volume fluctuations and revenues in the energy industry, as well as other
industries globally. While exchange traded futures and options and many OTC
products can be used to limit price risk, they do not provide a hedge against
the volume risk associated with unpredictable weather patterns. This workshop
provides a comprehensive overview of weather derivative products. After
completing this course, delegates will be able to qualify and quantify weather
risk in their businesses and determine the specific weather derivative tools
necessary to protect revenues from Mother Nature.
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The Nordic Power Market (NPM1)
Participants will get detailed insight and understanding into how physical and
financial trading on the Nordic power market is conducted. The course gives a
comprehensive knowledge of these sectors and a full picture of how the markets
depend on each other.
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Energy Derivatives Markets, Instruments and Hedging (DPH1)
This course provides an overview of energy derivatives and physical markets as
well as the main instruments traded in those markets. We will explore the main
differences between physical and paper transactions and also between
exchange-traded and OTC products. We will show how to trade and understand the
risk of futures, forwards and swaps to mitigate market risk. The course will
also provide an overview of option contracts and hedging and speculation
strategies using options and simple structures. We will cover strategic and
tactical issues around hedging with Energy Derivatives and will explore
alternative hedging alternatives for producers and end-users. The course will
introduce exotic options, as well as options on spreads and multiple assets and
the use of those options in hedging programmes.
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Energy Derivatives Pricing, Hedging and Risk Management (DPH2)
Energy Derivatives Pricing, Hedging and Risk Management (DPH2) builds on the concepts and
instruments presented in Energy Derivatives Markets, Instruments and Hedging (DPH1)
and provides an overview of Energy derivatives Pricing and Risk Management.
We will start with a review of Energy Price Behavior, Probability and Statistics
and various Excel exercises with hands-on calculations of various risk statistics.
As a review and extension of some of the structures presented in DPH1, a common
framework to analyze derivatives structures and long term contracts is also
presented. The course also covers an introduction to derivatives pricing models
and relevant accounting rules such as FAS 157. Implied volatility and "Greeks"
are presented using practical exercises. The course also covers analysis of
structured products used by producers and end-users such as extendable swaps;
spot price models, geometric brownian motion and mean-reverting models for
pricing and risk analysis; market risk with particular emphasis on VaR; basis
risk and derivatives in energy markets with an overview of hedge effectiveness
under FAS 133. The course concludes with an overview of stress testing for
energy derivatives portfolios.
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Advanced Energy Derivatives Pricing, Hedging and Risk Management (DPH3)
Energy Derivatives Pricing, Hedging and Risk Management (II) and Counterparty Risk
Management (DPH3) builds on the concepts and instruments presented in
Energy Derivatives Markets, Instruments and Hedging (DPH1) and Derivatives Pricing
and Market Risk Management (DPH2) and covers advanced derivatives pricing topics
as well as market risk management of derivatives portfolios. Advanced market
risk management topics such as applications of marginal VaR analysis,
backtesting VaR models and extreme value theory VaR are presented. Counterparty
risk management and potential future exposure (PFE) calculations are covered in
this module. Advanced derivatives pricing and hedging concepts covering exotic
derivatives and physical assets (eg power plants and natural gas storage) are
also presented in this course. The course also covers advanced hedging concepts
such as delta-gamma hedging and cross-market hedging and hedging in the presence
of volumetric risk.
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Credit and Counterparty Risk Measurement and Management for Energy and Commodity Derivatives (CCRM)
This course covers the latest practical developments in credit and counterparty
risk in energy and commodity markets. We will explore how to identify, quantify
and mitigate credit and counterparty risk from derivatives and long term
contracts. Case studies will illustrate practical applications based on gas,
electricity and oil markets. We will review the critical components to establish
sound credit risk management policies and procedures. Delegates will learn about
applications of recent methodological developments such as counterparty
potential future exposure and probability of default calculations. The course
will also introduce applications of various counterparty risk mitigation tools
such ISDA agreements (with emphasis on netting and collateral clauses),
guarantees, and credit derivatives. This highly interactive workshop uses
practical case studies, Excel exercises and group discussions to reinforce the
concepts presented in the lectures. The workshop will focus on practical a
pplications of various methodologies and tools to improve credit decisions.
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Derivatives Pricing, Hedging and Risk Management (TPD)
This two-day course provides delegates with a comprehensive overview of energy
derivatives instruments and markets as well as an introduction to current best
practices in pricing, risk management and hedging.
The main goal is to provide front, middle and back office personnel as well as
anyone involved in working with energy derivatives (electricity, gas, coal, oil)
with the proper tools in order to use them effectively as well as price, hedge
and manage the risk of various derivatives structures.
The course is highly interactive and delegate participation and discussion are
encouraged. Numerous case studies illustrate how firms with energy risk
exposures hedge and manage their risks with derivatives instruments. The case
studies are tightly linked with the concepts presented in the lectures. Also,
several group exercises will allow delegates to apply a variety of tools to
hedge and control market exposures.
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Other related courses: |
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Overview of Physical Crude Oil Trading and Operations (CT)
In this introductory workshop, delegates will gain an in-depth understanding of
how the physical crude oil trading market works. Besides an invaluable exposure
to terminology, each delegate will experience all the steps in typical domestic
and foreign crude oil transactions. The linkage between crude oil and refining
production, marketing, transportation and physical trading will be explored.
Also, included is an exciting trading simulation where you will apply what you
have learned.
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Oil Trading Orientation (OTO)
This three-day workshop familiarises delegates with the key building blocks of
knowledge for crude oil and petroleum product trading. Topics explored include
crude oil quality, product blending and specifications, market fundamentals,
technical analysis, key trading strategies, pricing mechanisms and the mechanics
of trading and operations. Delegates will learn trading terminology, as well as
get the chance to participate in industry case studies and trading simulations.
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Introduction to Emissions Trading (EM)
This one-day workshop provides an overview of primary emissions, problem areas,
key global emissions trading initiatives and activities. Attendees will be
actively involved through class exercises and team participation in an emissions
trading simulation.
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Principles of International Oil Trading (TR0)
This course, presented overseas, covers the basic principles of international
oil trading and the allied fields of supply, transportation and refining.
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International Oil Trading and Pricing (TR1)
This course covers the basic principles of oil trading and the markets.
Through the medium of a variety of case studies, delegates will learn the
techniques involved in trading and how to address day-to-day problems.
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International Oil Trading - Advanced Techniques and Strategic Price Risk Management (TR2)
Through the medium of a variety of case studies, delegates will learn the
techniques involved in trading and how to address day-to-day problems of
managing the price risk associated the role of producer, refinery or consumer
with an integrated trading position.
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The Use of Advanced Instruments in International Oil Price Risk Management (TR3)
This course addresses the risks associated with oil trading focusing on
price. Building on material taught in TR1, this course covers the more
advanced aspects of price risk management.
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Total Risk Management in the International Oil and Derivatives Market (TRM)
This course provides a comprehensive summary of the markets together with the
techniques and range of trading instruments typically employed. The primary
focus is the identification and management of the wide variety of risks that
arise from the trading activity.
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The Synergies of Refining, Trading and Supply (TRR)
This 5-day course is designed to provide delegates with a thorough
understanding of the latest business techniques and refining technologies
available to the oil supply, trading and refining industries, and highlights
how the activities of these sectors may be optimised and synergised to
maximise overall profitability.
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Trading and Operations within the International Oil Markets (TRSA)
This four-day course provides delegates a fundamental understanding of the
trading and operational features within the international oil industry - from
the selection, purchase, shipment and refining of crude oil through to the
subsequent selling of the refined products that meet stringent sales
specifications. Emphasis is placed on understanding and successfully
resolving the practical issues encountered by professionals within the
industry. In addition to formal presentations, delegates will actively
participate in exercises and role plays to reinforce their understanding of
the topics presented.
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Principles and Economics of Oil Refining (TRFE)
Principles and Economics of Oil Refining is designed to provide delegates
with a thorough understanding of the technical principles of refining and its
economic drivers. Through a combination of presentations and case studies,
delegates will learn the principles of refinery operations and planning, the
commercial aspects affecting crude selection and operation of the refinery.
Throughout the course delegates participate in a refinery simulation whereby
they select and purchase optimal crude cargoes, nominate finished product sales.
The refineries are also exposed to the vagaries of the international oil market.
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Gas and Chemicals - Markets, Trading and Shipping Logistics (TDCG)
This intensive workshop style course is presented by professionals with years of
commercial experience in the chemicals and LPG markets. It tackles 'front line'
topics core to maximising business and 'deal' value. Gas and chemicals are
global businesses with major producers located in the Middle East - both
national companies and joint ventures. In the chemicals sector, an increasing
range of liquid products is shipped throughout East Asia but also into Europe
and North America in competition with domestic production and alternative export
sources. In the LPG market Japan and other East Asian destinations have been the
traditional 'home' for exports but increasing supplies over the next few years
are opening up prospects of major changes in flows and price drivers. Gas
sources for chemicals are also increasingly becoming an issue. We will review
alternatives and provide tools for evaluations and commercial decisions.
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Trading Operations Practice (TRSQ)
This course provides the detailed practices and techniques involved in
successful trading operations in today's international crude and product
markets. It has been designed for front, middle and back office personnel who
need a detailed insight into trading operation practices and emphasises the
operational impacts to corporate profitability and risk. It will also appeal to
personnel who have recently joined an oil trading group of an oil major,
investment bank or commodity trading company. Much of the work will be carried
out in syndicate groups where teams will simulate real in-company practice,
working with other delegates drawn from a wide background of disciplines in the
industry.
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