Managing Trading-related Risks

Market risk, counterparty risk, liquidity risk, compliance risk and more

Managing Trading-related Risks

1,250.00 excl. VAT

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Target groups

  • Any professional in the commodity or energy markets, including, but not limited to, employees of a company with a trading function, brokers, exchanges, clearing organisations and regulators.

 

Learning objectives

  • To get an idea of the risks relating to trading.
  • To know how these can be identified, assessed and controlled.
  • To understand the implications of mitigating those risks
  • Being able to point out the impact of one solution to another problem

 

Programme

  • Market risk
    • Adverse price moves
    • Risk assessment
      • Risk qualification
      • Risk quantification
        • Value at risk
          • Methodologies
          • Relevant parameters
          • Interpretation of outcomes
        • Stress testing
      • Counterparty risk
        • The risk of non-delivery / non-supply – Delivery risk
        • The risk of non-payment – Credit risk
          • Clearing
            • Clearing houses
            • Clearing members
          • Collateralisation & margining
          • Initial margin
          • Variation margin
          • Defaults & the default waterfall
        • Liquidity risk
          • Market liquidity
            • The consequences of a poor price formation for consumers
            • The relation between price volatility and asset liquidity
            • Market depth & resilience
          • Finance liquidity
            • Funding
            • The level of the working capital impacts the market activity
          • The circle market risk – credit risk – liquidity risk
            • Balancing the ratios
            • Systemic risk
          • Compliance risk
            • Corporate culture
            • Sanctioning may involve the company and/or employees
              • Administrative sanctions
              • Criminal sanctions (incl. sentencing)
            • Naming & shaming hurts the reputation of the company – Reputational risk
            • Incorrect or incomplete reporting of data
            • Incorrect or incomplete publication of inside information – Unlawful disclosure
            • An non-effective trade surveillance function
          • Governance
            • Framework
            • Setup
              • Controls
                • Pre-trade controls
                • Trade controls
                • Post-trade controls
              • Limit structures
                • Risk limits
                • P/L limits
                • Volume limits
                • Price limits

Practical Information

When

Wednesday 18 December 2024, 10:00-16:00 (CET)

Where and how?

Online (MS Teams)

Price

1,250.00 excl. VAT

Bulk Purchase Enquiry

Contact us for more information regarding bulk purchases.