A Trader’s Guide to
To provide a practical introduction to commodity derivative products,
including pricing, hedging and structuring commodity derivatives. This course
covers both exchange traded and over the counter commodity derivatives in
addition to commodity derivative securities such as oil linked bonds. It covers
structuring and hedging considerations from both buyer and seller perspectives.
Commodity derivative products, including oil and metal-based derivatives.
Pricing, hedging, structuring and risk management considerations.
Special features of the underlying commodity as it relates to
Commodity structures from both issuer and investor / hedger
Structuring, pricing, hedging and basic management of commodity
Commodity derivative structures designed to optimise risk / return
profiles for both issuer and purchaser
Structuring, pricing and hedging of OTC commodity derivatives
Structured securities with commodity linkage
market professionals with at least 1-year experience (some basic
understanding of markets/products helpful)
Traders, sales, support,
Middle office personnel
Special features of Commodity derivatives: Introduction to the
special characteristics of commodities [particularly oil and metals] from issuer
and investor perspective.
Valuation of structures: Pricing and hedging considerations
Workshops: Exercises using spread sheets for pricing and hedging
Structures: Vanilla structures, quantos, warrants, commodity
swaps, CCY protected structures, options on spreads, “cracks”
Financial Engineering: Structuring considerations of commodity
Risk Management: Hedging problems and techniques for commodity
Securities: Structured notes, oil linked bonds
Exchange traded: IPE, COMEX, LME
OTC: Jet fuel swaps, gas crack options…
and Regulatory: Structures to optimise external legal and regulatory
comprehensive and extensively illustrated Handout Notes (see samples
Plus copies of relevant TG2 Books/e-Books
Seminars can be tailored to your trading, risk, client, and systems needs.
Submit your needs, and/or "cut/paste" from other Seminars (see entire "standard"