Course Summary

Understanding and identifying how to limit price risk exposure is a complex task. This two-day course will provide attendees with a forum to maximize hedging efficiencies and limit price risk exposure. Delegates will build a portfolio of industry techniques for managing price risk in today's volatile energy markets.

16 CPE credits awarded for this course.

Delivery Method: Group-Live

Who Should Attend?

This two-day advanced workshop is perfect for those who are already familiar with futures and options but want a more in-depth understanding of hedging and the tools available in both exchange-traded and over-the-counter markets. This course uses hedging examples, allowing delegates to work through the planning and execution of simple hedges using futures, swaps and options. Case studies enable the delegates to apply their hedging skills to more complex scenarios. And in a hedging simulation, teams of delegates compete to see who can manage price risk best in a volatile energy market. This programme deals with many different energy commodities, including oil and gas.

Prerequisites

Princeton Energy Programme's Fundamentals of Energy Futures and Options I - Fundamentals of Energy Options or equivalent experience.

Pre-classroom Study

As part of our blended learning package, this workshop has a specific web-based course which is recommended as pre-classroom study. Upon registering for the workshop delegates will receive details of how to access the web-based course. Access to the web-based course is included in the price of the classroom course. To optimize your classroom experience, it is recommended you take the appropriate online study as close to the classroom date as possible. The recommended pre-classroom study for this workshop is PrincetonLive.com's Energy Risk Management.

Not sure if you have the appropriate experience? Click here to test yourself on futures and options knowledge necessary for this course.

Course Contents

   Sources and types of risk

   Quantification and measurement of risk

   Risk management and hedging concepts

   Hedging instruments and their risks

   How to hedge with exchange-traded futures contracts

   Cross-hedging and basis risk

   How to hedge with exchange-traded options on futures

   Delta and other options issues

   The OTC market

   Hedging with forwards

   Characteristics of swaps

   Hedging with swaps

   Swap pricing

   Controlling basis risk with swaps

   The characteristics of OTC options

   Hedging with OTC options

   Collars

   Choice of hedging strategy

The following course(s) are available..

Date / No of days	Location	Fee: Course only	Fee: + accommodation	Code
21 - 22 Jan 2010 (2)	London, UK	GBP£1080 + 17.5% VAT	- n/a -	ERM\AGBR10
24 - 25 Feb 2010 (2)	Houston, TX	USD$1530	- n/a -	#ERM022410
24 - 25 Mar 2010 (2)	Calgary, AB	USD$1530 +5% GST	- n/a -	#ERM032410
15 - 16 Apr 2010 (2)	London, UK	GBP£1080 + 17.5% VAT	- n/a -	ERM\BGBR10
23 - 24 Jun 2010 (2)	Rome, Italy	GBP£1080	- n/a -	ERM\AITA10
21 - 22 Jul 2010 (2)	Houston, TX	USD$1530	- n/a -	#ERM072110
18 - 19 Aug 2010 (2)	Cape Town, South Africa	GBP£1080	- n/a -	ERM\ARSA10
25 - 26 Aug 2010 (2)	Calgary, AB	USD$1530 +5% GST	- n/a -	#ERM082510
20 - 21 Oct 2010 (2)	Las Vegas, NV	USD$1530	- n/a -	#ERM102010
10 - 11 Nov 2010 (2)	Zug, Switzerland	GBP£1080	- n/a -	ERM\ACHE10
17 - 18 Nov 2010 (2)	London, UK	GBP£1080 + 17.5% VAT	- n/a -	ERM\CGBR10
24 - 25 Nov 2010 (2)	Melbourne, Australia	USD$2190	- n/a -	ERM\AAUS10