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APRM - Advanced Price Risk Management

This new course for Singapore is designed to build an in-depth understanding of hedging instruments and the techniques and practice of price risk management in the oil industry. Delegates will devise hedging strategies in a range of situations using the full range of exchange-traded and OTC instruments.

Those attending this course should already understand the basic principles of identifying price exposure and hedging it with futures and basic swaps. Some knowledge of the physical oil market will also be assumed.

Course fees:  US Dollars $2,160 per person

Early Bird and Team Fee Discounts available on application

Course Timetable

Day 1 Review of basic risk management instruments and exposure; differential swaps; Brent and Dubai trading and DFL’s/CFDS; options theory.

Day 2  Charting theories; clearing; liquidity and basic risk; option pricing; optionality in oil trading; value at risk; exotic instruments; choosing hedging strategies, management control policies.

What will you learn?

From this course you will be able to:

• Use differential swaps.
• Develop an options strategy.
• Analyse price charts.
• Examine and compare the cost and effectiveness of different hedging instruments.

You will understand:

• How to quantify the risks in a portfolio.
• The structures of OTC instruments including exotics.
• Options theory and the factors determining options prices.
• The optionality in physical oil trading.

Who Should Attend?

Those with an understanding of physical markets who wish to learn about derivatives and hedging;  those who interface with risk management from elsewhere in the industry, from banks, accountancy practices, law firms and elsewhere.