Learning Platform - "Trade Compliance & Surveillance"
Course: Flexibility
About the online training programme
This course sets out what flexibility in commodity & energy portfolios concerns, by giving attention to embedded business decisions in supply contracts and physical capacity. Attention is given to different forms or varieties of flexibility and how this can be seen as optionality.
Course Contents
This course covers the following video lessons:
- Flexibility in physical assets
- Flexibility in supply contracts
- Embedded options
- Structured contracts
- Modelling of embedded options
- Modelling business decisions
- Supply contract – Take-or-pay
- Supply contract – Volume flexibility
- Supply contract – Swing option
- Supply contract – ACQ & DCQ
- Supply contract – Click contract – Introduction
- Supply contract – Click contract – Price cap
- Supply contract – Click contract – Multiple clicks
- Supply contract – Validity period of proposal
- Supply contract – Supplier portfolios full of optionality
- Supply contract – Volume flexibility – Modelling
- Supply contract – Volume flexibility_Hedging embedded optionality
- Supply contract – Volume flexibility_Hedging embedded optionality – Market liquidity
- Supply contract – Volume flexibility_Hedging embedded optionality – Possible scenarios
- Supply contract – Volume flexibility_Delta-hedging with term contracts
- Supply contract – Volume flexibility_Delta-hedging with term contracts – Periodic adjustments
- Supply contract – Volume flexibility – Delta-hedging with term contracts – Objectivity-subjectivity
- Supply contract – Swing optionality – Introduction
- Supply contract – Swing optionality – The value of swing options
- Supply contract – Swing optionality – Hedging with futures
- Physical capacity – Input & output
- Physical capacity – Future margin
This course also includes examination and certification.