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This
program gives participants a practical approach to applying derivative products.
The program focuses on combining financial products with physical
transactions to provide solutions to your customers’ energy needs.
The Program
This
course gives participants the high level of comfort needed to successfully sell,
market or converse with clients about applying derivatives to manage energy
risk.
The program covers the core building block of all derivative products
begins with the core building block of all derivative products—the forward
price curve—as well as in-depth instruction in traditional swap and option
products with an emphasis on corporate applications.
The Practical
Armed
with this fundamental knowledge, participants will be able to fully understand
practical applications of basic derivative products, especially how their
customers use the products in their day-to-day risk management endeavors.
Our program emphasizes the practical, not the theoretical, concentrating
wholly on providing customer-driven solutions to risk management problems.
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At
the conclusion of this program participants will be able to:
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Construct a forward price curve,
including adjustments for contract terms and location
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Utilize the price curve to reduce the customer’s
cost of storage
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Define basis risk and demonstrate how it can
negatively affect customer cash flows
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Explain the structure of a swap and its benefits
and risks
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Calculate the price of a swap from the price curve
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Tailor a swap structure to provide a customer with
embedded financing
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Price and structure a basis swap to reduce or
enhance a customer’s risk position
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Understand option terminology and concepts
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Identify the option(s) embedded in swing contracts
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Create caps, floors and collars from puts and
calls
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Participate proactively in conversations on
derivative structures and strategies, both internally and with
customers
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Discuss
the advantages and
disadvantages
of swap and option
strategies |
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