Risk Management — Markets & Trading

About the online training programme

This course covers how flexibility in commodity & energy portfolios can be viewed. Based on the real option approach flexibility can be modeled in terms of optionality. It is explained that this is useful for valuation and hedging purposes, plus how this can take place.

Course Contents

This course covers the following video lessons:

  1. For valuation & hedging purposes
  2. Spread option valuation
  3. Storage capacity – Hedging the time spread exposure
  4. Storage capacity – Time spread option
  5. Storage capacity – Hedging call on time spread
  6. Storage capacity – Complexity
  7. Transport capacity – Hedging the location spread exposure
  8. Transport capacity – Location spread option
  9. Production & consumption capacity – Margin option
  10. Production & consumption capacity – Power plants
  11. Production & consumption capacity – Refinery & crusher
  12. Hedging spread options versus hedging capacity
  13. Liquidating hedge on outright position
  14. Liquidating hedge on storage capacity
  15. Liquidating hedge on transport capacity
  16. Liquidating hedge on processing capacity
  17. Dynamically hedging an outright option
  18. Dynamically hedging a spread option – Strategy
  19. Dynamically hedging a spread option – Details
  20. Model versus reality – Mismatch of characteristics
  21. Model versus reality – Number of options & granularity
  22. Model versus reality – Path-dependency
  23. Model versus reality – Path-dependency – Forward start option
  24. Model versus reality – Path-dependency – Exchange option
  25. Model versus reality – Path-dependency – Lookback option
  26. Model versus reality – Path-dependency – Barrier option
  27. Modelling power generation capacity – Types of capacity
  28. Modelling power generation capacity – Gas plant – Cross-commodity options
  29. Modelling power generation capacity – Gas plant – Number of options
  30. Modelling power generation capacity – Gas plant – Specific characteristics

Learning Platform

€ 1,490

Access to all 100+ courses & exams
Validity 12 months

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About our Learning Platform

With no time-to-market, any learner can buy a licence for 365 days access. Alike Netflix, we provide 24/7 access to all listed courses and exams. Self-study in own time and at own pace, with instant certification upon passing an exam. Access-to-all is provided upon the purchase of a learning licence, one for each learner. Discount for group. Observe our ultra-quick customer on-boarding.

Our Purpose

Entrima provides learning services for professionals in the commodity & energy markets.

Content & Context

Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

Conduct & Culture

Entrima mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.