About the online training programme

Marking the close concerns a form of market manipulation. It concerns the manipulation of reference prices, such as settlement prices, indices or markers, which are used as reference to settle contracts, like commodity supply agreements of financial instruments, such as cash settled derivatives. Manipulation of a reference price would imply that invoicing takes place on an incorrect price reference. Analogously, positions are valuated in an incorrect way. However, regulations which prohibit market abuse in financial markets aim to protect investors, while regulations which prohibit market abuse in commodity and energy markets aim to protect consumers.

Course contents

This series of courses covers the following videos:

  1. Price positioning – Introduction
  2. Price positioning – When and where?
  3. Marking the close – Introduction
  4. Settlement of commodity supply contacts
  5. Settlement of derivatives contracts
  6. Valuation of contracts
  7. Markers
  8. Marking references
  9. Mistakes
  10. Benchmarks
  11. The LIBOR scandal
  12. Conflicts of interest
  13. Corporate policy
  14. Example
  15. Trigger
  16. Choice market
  17. Susupicious timing

Reviews

The course provided a good explanation.

Mohammed Abi Afthab Olikathodi
Analyst Energy Data & Scenarios at Eurelectric

The most positive element of the course were the short informative lectures.

Olga Lysytsyna
Senior Consultant at E-Star

Content was good.

Maria Kramer
Operational Risk Manager at Statkraft

It is very informative and well described. The subtitles help.

Mohammed Abi Afthab Olikathodi
Analyst Energy Data & Scenarios at Eurelectric

Good illustration.

Nataliia Trofimova
Internal Auditor at DTEK