Certification of Energy Trading & Risk Management Expertise

A candidate must demonstrate to The Oxford Princeton Programme that they have earned the Certification of Energy Trading & Risk Management Expertise through successful completion of fifteen web-based courses and one comprehensive final written exam.

The learning objectives of the ten mandatory courses and five electives will combine to develop a comprehension of the fundamental principles in energy trading and risk management in order to successfully write the final exam.

 

 TEN MANDATORY COURSES  
 Introduction to Commodity Derivatives
  • Identify the physical market, the definition of commodity and the key characteristics of commodity transactions
  • Recognize how derivatives are broadly categorized
  • Recognize the composition of a futures contract and how it is traded
  • Identify the rights of an options trader and the flexibility associated with options contracts
  • Distinguish between swaps and forward contracts
  • Distinguish between over-the-counter options from exchange-traded options
 Discovering Futures
  • Distinguish between spot and future markets
  • Recognize the concept behind the basis
  • Identify the role of global commodity exchanges
  • Point out the impact of futures prices and differences among market orders
  • Identify the basics of hedging
 Discovering Options
  • Identify the difference between the two types of options, calls and puts
  • Distinguish between the differences between calls and puts
  • Recognize key options terms and their meanings
  • Recognize the meaning of being ‘long’ and ‘short’ options
  • Recognize and describe the market position created when calls and puts are bought and sold
  • Identify and understand the variables that impact an option’s premium
  • Identify ‘The Greeks’ and how they affect the option’s price and behavior
 Discovering Hedging
  • Recognize how markets work
  • Identify why and when you want to hedge your operation - by being able to recognize financial risks
  • Point out how to reduce income volatility through hedging activities
  • Distinguish the difference between hedging and speculation
  • Identify how to capture additional margins and market share with anticipatory hedges
 Understanding Commodity Risk
  • Identify the common types of risk and give their definitions
  • Recognise the terminology and basic concepts used in risk analysis
  • Recognise issues specific to commodity risk
  • Identify the reporting tools typically used in the measurement of commodity risk and other areas of the market
 Introduction to Forwards and Swaps
  • Identify what makes OTC derivatives different from the instruments that trade on organized futures exchanges
  • Recognize how swaps work, and then use them in a real-world hedging example
  • Identify what forwards are and how they can be used for hedging
  • Identify both the similarities and the differences between forwards and futures contracts
  • Recognize swaptions and why they might be more useful than swaps in some situations
 Hedging with Futures and Options
  • Identify why hedging is important in managing volatility in profit and loss
  • Distinguish the types of hedges
  • Distinguish the differences between using futures and options for hedging purposes
  • Identify the problems caused by basis risk and how to deal with them
  • Identify the primary hedging strategies used by companies who hedge market risk
 Tracking Correlation Risk
  • Identify the basics of risk
  • Identify basis risk and correlation risk
  • Recognize the language of basis risk and correlation risk
  • Identify how and why basis trading is done
  • Identify hedging efficiency and hedge ratios
  • Point out how to minimize hedging risks by using forecasting
 Introduction to Credit Risk Management
  • Recognize credit risk and credit risk management
  • Distinguish between credit risk and market risk
  • Identify internal credit risk ratings and agency credit risk ratings
  • Recognize credit risk limits and the significance of breaching those limits
  • Identify management’s role in the credit risk management process
  • Point out portfolio-level credit risk monitoring
  • Identify several key methodologies used to measure credit risk
  • Identify the various methodologies and products used to manage and hedge credit risk
 Introduction to Trading Risk Control
  • Identify the major risk categories associated with trading
  • Point out the major legal requirements for risk control
  • Identify the groups involved in trading organizations, and their involvement in risk control
  • Distinguish between many of the ways that companies control specific risks
  • Recognize why derivatives have brought greater importance to risk control
  • Identify which risks can be measured, and some of the tools used to do so
 FIVE ELECTIVE COURSES
 Applicants can choose five titles that supplement and expand along their desired training path. The mandatory courses cannot be repeated as an elective.  Electives must be two-hours in length. Please view our entire online training catalogue here.

Certification of Energy Trading & Risk Management Expertise Requirements and Application

  • Ten mandatory online courses
  • Five elective online courses
    • Course length must be two-hours
    • Mandatory courses cannot be repeated as an elective
  • A comprehensive final written exam will be administered after all online courses are completed.
    • Must be completed within 3 months
    • Must receive a 75% to pass final written exam
    • All final exams must be submitted in English
  • Each online course is:
    • Approximately two-hours in length
    • Complete with practice exercises, quizzes and a final exam
  • All 15 online courses must be successfully completed with at least an 80% on each final exam
    • If any exam is failed, you are entitled to take the course again for a re-examination fee of $100.  Final written exam cannot be re-taken.
    • All online courses must be successfully completed within 12-months of commencing the programme
  • Comprehensive Payment Plan
    • 2995 USD
    • 1995 GBP (+VAT for UK based candidates)
  • Flexible Payment Plan
    • Candidates are welcome to purchase the above courses on www.oxfordprincetonlive.com on an individual basis to work towards the certificate and avoid the upfront payment
    • All courses still must be completed within 12-months of commencing the first course
    • Upon completion of the course curriculum, candidates will be subject to a 250USD or 175GBP (+VAT if UK based) examination fee to finish the certificate
    • Please note the Comprehensive Payment Plan provides saving of over 400USD or 350GBP!


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