Financials & Accounting – Margins & Spreads

Book structures, internal transfers and valuation, plus time, location & cross-commodity spreads


Financials & Accounting – Margins & Spreads

999.00 excl. VAT



This course concerns a 1-day online workshop covering the following topics:

  • Valuation
    • Pricing versus valuation
    • Historical cost accounting vs. mark-to-market (M-to-M) valuation
    • M2M reporting
    • Mark-to-model
  • Book structures
    • Accounts (trading, sales, asset management)
    • P/L responsibility
    • Internal transfers
    • Internal transfer pricing
  • Performance measures
    • P/L
    • Gross operational margin
    • Gross profit margin
    • Return on investment / assets / equity
  • Physical assets & finance
    • Input vs. output
    • Output value minus input value
    • Financial performance
  • Gross operational/processing margins
    • Transport capacity
      • Location spread
    • Storage capacity
      • Time spread
    • Combined production and consumption capacity (or processing capacity)
      • Cross-commodity spread
  • Asset-backed trading
    • Hedging physical capacity by trding a futures spread (or spread future)
      • Transport capacity
        • Trading the location spread:
          • Buy term contract A
          • Sell term contract B
      • Storage capacity
        • Trading the time spread:
          • Buy term contract C
          • Sell term contract D
      • Combined production and consumption capacity (or processing capacity)
        • Trading the cross-commodity spread:
          • Buy term contract X
          • Sell term contract Y


Practical Information


Tuesday 21 November 2023, 09:00-15:00 (CET)

Where and how?

Online (MS Teams)


999.00 excl. VAT

Bulk Purchase Enquiry

Contact us for more information regarding bulk purchases.

    Our Labels
    Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide 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

    MAC’s 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.