var HINTS_CFG = {
	'top'        : 5, // a vertical offset of a hint from mouse pointer
	'left'       : 5, // a horizontal offset of a hint from mouse pointer
	'css'        : 'hintsClass', // a style class name for all hints, TD object
	'show_delay' : 500, // a delay between object mouseover and hint appearing
	'hide_delay' : 20000, // a delay between hint appearing and hint hiding
	'wise'       : true,
	'follow'     : true,
	'z-index'    : 0 // a z-index for all hint layers
},

HINTS_ITEMS = {
    'VEAR':wrap("This 2 day seminar examines approaches to measuring price risk in an energy company: Value at Risk, Earnings at Risk and Cash Flow at Risk.  <br><br>Broad topics include: <li>Understanding Value at Risk (VaR)</li><li>Conceptual foundation to VaR measures</li><li>The measurement of volatility</li><li>Unique aspects of price risk in energy</li><li>Earnings at Risk (EaR) vs. VaR</li><li>Using Monte Carlo simulations</li><li>Top-Down vs. Bottoms-Up measures</li>"),
	'CRM':wrap("This 2 day program addresses the unique challenges of measuring, monitoring and managing counterparty credit risk faced by energy companies.  <br><br>Broad topics include: <li>Credit risk & efficient capital allocation</li><li>Non-performance beyond insolvency</li><li>Credit risk metrics</li><li>Credit Value at Risk (CVaR)</li><li>Aggregating price and credit risks</li><li>Credit exposures in energy transactions</li><li>Netting and credit risk mitigation</li>"),
	'DSNGM':wrap("This 2 day seminar explores the common applications of swaps and options in the management of natural gas, its storage, its transportation and its conversion to power through generation. <br><br>Broad topics include: <li>Pipelines as basis and option positions</li><li>Extracting value from pipeline capacity</li><li>Triggers: Separating location & price risk</li><li>Heat rates and spark spread hedging</li><li>Tolling and market-implied heat rates</li><li>Monetizing generating optionality</li><li>Storage as time spread and option</li><li>Stack & roll hedging of storage</li>"),
    'EERM':wrap("These 2 days provide an accelerated program covering the essential conceptual building blocks of energy risk management and trading, including options. <br><br>Broad topics include: <li>Managing Risk in the Energy Enterprise</li><li>Forward pricing and hedging energy</li><li>Forward curve and storage arbitrage</li><li>Hedging using swap structures</li><li>Basis trading and transportation</li><li>Fixed Transmission Rights (FTR's)</li><li>Option payout structures</li><li>Essentials of option pricing</li><li>Hedging physical positions using options</li>"),
    'SSMFRM':wrap("These 2 days explore the exciting and emerging area of multiple-fuel structures with particular emphasis on spark spread swaps and heat rate options: <br><br>Broad topics include:<li>The structure of multi-fuel hedges</li><li>Embedding multi-fuel swaps in contracts</li><li>Managing VaR with multi-fuel hedges</li><li>Multi-fuel options</li><li>Closed form vs. Monte Carlo pricing</li><li>Heat rates and spark spread hedging</li><li>Monetizing optionality in generation</li><li>Structuring heat rate options</li><li>Impact of heat rate on option value</li>"),
	'FETH':wrap("A 2 day seminar covering the conceptual building blocks essential to understanding modern energy markets and risk management.  <br><br>Broad topics include: <li>Managing Risk in the Energy Enterprise</li><li>Forward pricing and hedging energy</li><li>Forward curve and storage arbitrage</li><li>Hedging using swap structures</li><li>Futures and on-line trading platforms</li><li>Trading and hedging weather</li><li>Basis trading and transportation</li><li>Fixed Transmission Rights (FTR’s)</li><li>Swap structuring variations</li>"),
	'FHEO':wrap("This 2 day seminar focuses on basic option concepts as they apply in managing energy risks. <br><br>Broad topics include: <li>Option payout structures</li><li>Beyond puts and calls: Real Options</li><li>Essentials of option pricing</li><li>Hedging physical positions using options</li><li>'Costless' collars</li><li>Synthetic puts and calls</li><li>Volatility smiles and skews</li>"),
    'BEOE':wrap("This 2 day program explores energy options from a more sophisticated (but still non-quantitative) perspective. <br><br>Broad topics include: <li>Synthetic options & premium arbitrage</li><li>Understanding volatility</li><li>Volatility term structure, smiles & skews</li><li>Limitations of option pricing models</li><li>Trading volatility: delta & gamma</li><li>Theta, vega & rho</li><li>Portfolio aggregation of option risks</li><li>Spread options, Asians & other exotics</li><li>Monte Carlo methods for option pricing</li>"),
    'ASRU':wrap("This is a 2 day seminar that introduces more sophisticated risk management structures and also demonstrates techniques for reverse engineering these complex risk structures. <br><br>Broad topics include: <li>Options on term contracts</li><li>Structuring cancelable supply contracts</li><li>Multiple option hedge packages</li><li>Inter-seasonal and multiple fuel collars</li><li>Trading time/calendar spreads</li><li>Spark spread hedging and structuring</li><li>Reverse engineering complex trades</li><li>Monetizing embedded options</li>"),
    'BPEWRM':wrap("This is a 3 day program that addresses the three primary components of risk to the energy enterprise: price risk, credit risk and operational risks. <br><br>Broad topics include: <li>Risk interdependence in energy</li><li>Risk metrics and capital adequacy</li><li>Types of operational risks</li><li>Understanding Value at Risk (VaR)</li><li>Conceptual foundation to VaR measures</li><li>Credit risk metrics and CVaR</li><li>Aggregating VaR & CVaR</li><li>Netting and credit risk mitigation</li>"),
    'ROUEHT':wrap("This 2 day seminar focuses on the aspects of risk management that are unique to the energy sector and is very appropriate for participants with experience in non-energy markets. <br><br>Broad topics include:<li>The implications of Force Majeure risk</li><li>Hedging weather, transport & storage</li><li>Beyond puts and calls: Real Options</li><li>Pricing options - energy is different</li><li>Pipeline capacity as trading positions</li><li>Monetizing embedded pipeline value</li><li>EFP's and FTR's as basis trades</li><li>Storage capacity as trading positions</li><li>Arbitraging price curves using storage</li>"),
    'NGTH':wrap("Introduction to Natural Gas Trading & Hedging <br><br>This seminar isolates the essential components of the natural gas price basis, transportation and storage, and examines various financial structures that accomplish both risk control and cost management.<br><br>The dealing process in natural gas <br><li> Natural gas swap structures</li><br><li> Understanding basis risk</li><br><li>Pricing natural gas using swaps</li> <br><li> Pipelines as basis &amp; option positions</li><br><li> Options on basis</li><br><li> Managing storage using time spreads</li><br><li>Storage arbitrage</li><br><li> Natural gas futures and on-line trading</li><br>")
    
    };

var myHint = new THints (HINTS_CFG, HINTS_ITEMS);

function wrap (s_, b_ques) {
	return "<table width='240' cellpadding='0' cellspacing='0' border='0'><tr><td><img src='img/details-box_03.gif' width='11' height='11' alt=''></td><td background='img/details-box_05.gif'></td><td><img src='img/details-box_07.gif' width='11' height='11' alt=''></td></tr><tr><td background='img/details-box_14.gif'></td><td background='img/details-box_15.gif'>"+s_+"</td><td background='img/details-box_12.gif'></td></tr><tr><td><img src='img/details-box_18.gif' width='11' height='11' alt=''></td><td background='img/details-box_19.gif'></td><td><img src='img/details-box_20.gif' width='11' height='11' alt=''></td></tr></table>"
}

function wrap_img (s_file, s_title) {
	return "<table cellpadding=7 bgcolor=white style='border:1px solid #777777'><tr><td><img src='img/k0"+s_file+".jpg' class='picI'></td></tr><tr><td align=center>"+s_title+"</td></tr></table>"
}