Managing market- & trading-specific risks

The consequences to organisations of disrupted markets & systemic failure

Managing market- & trading-specific risks

995.00 excl. VAT

Description

 

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

Tutor(s):

  • Jerry de Leeuw, MSc. (founder of Entrima, former trader and author of the book “Value at risk”)

Including:

  • Study materials (handout + book)
  • Lunch

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

Thursday 16 March 2023, 10:00-16:00 (CET)

Where and how?

Online (MS Teams)

Price

995.00 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.

    www.entrima.org


    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.

    www.marketabusecentre.com