Most types of commodities are covered to give participants a solid understanding of:

- Introduction to Commodity Trading (organisation of a trading company, different types of commodities, market players, current economical context, etc.)

- Role of the Risk Analyst/Middle Officer (role and function of the different departments, interdepartmental organisation, hedging, etc.)

- Risks identification (from long/short to complex risk mapping, typology of risks, liquidity risks, operational risks, identifying risks arising from transactions and pricing formulas, etc.)

- Market techniques and organisation (derivative tools, futures, options EFP, forwards, physical pricing mechanisms, articulation OTC vs futures, marging calls, etc.)

- Execution, Operations and verifications (deal entry, reporting, PnL calculation and reporting, hedging adjustments, controls and reconciliations, etc.)

- Corporate reporting and risk management (analytical PnL reporting, Options risk reporting, VAR, stress scenarios, cross commodity risks, internal control, compliance, etc.)

- Introduction to pricing (forward curves, swap pricing, options valuation and risks, using time series, statistics and stochastic models, etc.)

- Project management (middle office and business analysis, interface with IT, new products, compliance and regulation)

- Case study

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