BUNKER PRICE RISK MANAGEMENT SEMINAR
This half-day seminar will provide attendees with an overview of hedging tools and risk management in the oil markets, with particular emphasis on introductory swaps and options used in the oil trading business.
The event will focus on the fundamentals of hedging using futures, options and swaps to provide delegates with a background in the marine fuels sector with a useful, basic understanding of how to discuss hedging strategy with internal management and use these tools in practice.
Current examples and case studies will be used to apply ‘real world’ situations to hedging and managing both physical barrel and financial contracts risk.
The seminar is intended to encourage delegate participation and interaction, and attendees will be able to ask questions on specific areas of interest as they arise during the session.
- Key benefit: The delegate fee for this workshop includes the opportunity to benefit from a free risk management policy review whereby risk expert Chris Thorpe will undertake a personal, confidential review of each delegate’s written hedging policy.
Chris Thorpe | CFA, Managing Director
CTA Financial LLC and Managing Partner, Brick Investment Partners, LLC
This seminar will be led by Chris Thorpe, CFA, Managing Director, CTA Financial LLC and Managing Partner, Brick Investment Partners, LLC. CTA Financial is a registered Commodity Trading Advisor with the National Futures Association.
Chris has been actively trading, managing risk and structuring financial hedges for over 20 years and has traded physical commodities in the Americas and Europe. He previously held positions at Methanex Corporation (Vancouver, Brussels and Dallas) and JPMorgan (New York) before co-founding energy risk management and trading firm HCEnergy based at the New York Mercantile Exchange.
Chris worked for global commodity broker INTL FCStone, following the sale of HC Energy in 2011, until he founded his own firm in early 2013. He has a Bachelor of Arts in International Relations from the University of British Columbia and a Master of Business Administration from INSEAD.
Patrick Hayes | Global Director of Sales Support
Aspect Enterprise Solutions
Representing Aspect Enterprise Solutions will be Patrick Hayes, the Director of Sales Support for the Americas. Aspect is the leading global provider of cloud commodity trade, risk management and market data solutions.
Patrick brings 25 years of Trading & Risk Management experience to Aspect. He previously held positions of Vice President of Financial Trading and Director of Crude & Products Trading at ConocoPhillips. Prior to that he was Manager of Power & Natural Gas Trading at Duke Energy. For the last several years he has served as a Risk Management & Trading SME (Subject Matter Expert) with both Merrill Lynch & UBS before joining Aspect in 2015.
Patrick holds a Bachelor of Science in Business from Pepperdine University with honors and an executive MBA from Harvard Business School.
|TUEADAY 23 May 2017|
|This half-day seminar will provide attendees an overview of hedging tools and risk management in the oil markets with particular emphasis on introductory level swaps and options. Attendees will also learn how to create a hedging policy and how to choose appropriate tools and service providers. Current examples and case studies will be used to apply ‘real world’ situations to hedging and managing both physical barrel and financial risk. Questions and discussion will be held throughout to focus on areas of particular interest as they arise.|
Introduction & Administration
Chris Thorpe CFA, Managing Partner, CTA Financial LLC
Introduction to hedging and hedging tools using the “paper market”
Swaps and Options
|10:10||Networking Coffee Break|
Hedging strategies using case studies
Creating a hedging plan and Hedging Execution
Creating and using a RISK MANAGEMENT SYSTEM
Establishing hedging accounts, choosing and working with counterparties
|12:40||Certificates and end of workshop|