Commodity Markets and Structured Commodity Finance

London Financial Studies
En London (Inglaterra), New York (Estados Unidos) ySingapore (Singapur) y 1 sede más.
2 opiniones

3001-4000 €

Información importante

Tipología Short course
Lugar En 4 sedes
Duración 2 Days
Inicio Fechas a elegir
  • Short course
  • En 4 sedes
  • Duración:
    2 Days
  • Inicio:
    Fechas a elegir

Stagnant prices in the 1990s followed by a large rise in the years 2000 all the way into 2008 and a collapse at the time of the financial crisis, the price behaviour since the end of 2008 has been commodity specific.

In the world of today’s low energy prices, trading strategies have to be more subtle and should be organized around spreads, term structure of forward prices. In the case of crude oil and natural gas, the geography of the different markets needs to be comprehended In order to build strategies. For agricultural commodities, weather risk continues to be the main source of risk, together with credit.

This course is also available remotely via LFS Live.

Información importante
¿Qué objetivos tiene esta formación?

This comprehensive 2 day programme focuses on understanding price formation, management of spot and derivatives commodity positions and investing in commodities. It provides an in depth analysis of financial instruments; issues of delivery when warehouses are bought by strategic players; and investment opportunities going forward in the world of commodities, in particular the rewarding activities of Trade Finance and Commodity Inventory Finance.

¿Esta formación es para mí?

Commodity traders
Hedge fund managers
Investment bankers
Energy company risk managers
Insurance companies
Industry Executives

Requisitos: A background in finance and a basic knowledge of commodity markets is assumed.

Instalaciones y fechas

Dónde se imparte y en qué fechas

Inicio Ubicación
16 oct 2017
Fechas a elegir
34 Curlew Street, se12nd, London, Inglaterra
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New York
New York, Estados Unidos
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The Finexis Building, Singapore, Singapur
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São Paulo
Sao Paulo, Brasil
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Inicio 16 oct 2017
Fechas a elegir
34 Curlew Street, se12nd, London, Inglaterra
Ver mapa
Inicio Fechas a elegir
New York
New York, Estados Unidos
Ver mapa
Inicio Fechas a elegir
The Finexis Building, Singapore, Singapur
Ver mapa
Inicio Fechas a elegir
São Paulo
Sao Paulo, Brasil
Ver mapa


Senior Economist
Lo mejor When I started the course, I knew nothing about the commodities market. I left the room with a holistic and complete picture on how they work.

A mejorar Nothing bad.

Curso realizado: Octubre 2016 | ¿Recomendarías este centro?
Financial Analyst
Lo mejor Professor German's vast knolwedge and experience cannot be described with words. It was a pleasure to listen to her lectures. If you are interested in commodities, you should take this course.

A mejorar No negative aspects.

Curso realizado: Octubre 2016 | ¿Recomendarías este centro?

¿Qué aprendes en este curso?

IT risk
Trading Strategies
Natural Gas
Commodity Spot
Agricultural Commodities
Raw Materials
Crucial Commodity


Day One

Fundamentals of Spot and Forward Commodity Markets

  • Outlook of Commodity Markets
  • Price Formation in Commodity Spot Prices
  • Commodity Exchanges: The Old and the New
    - The Importance of Liquid Indexes for the Growth of Derivatives
    - Shipping as an Important Part of Commodities Trading
    - Trade Finance as a Profitable Activity
    - Bill of Lading and Letters of Credit
    - Commodity Inventory Finance: Famous losses involving major banks
  • Inventory and Commodity Spot Price Volatility
    - Theory of Storage and Convenience Yield
    - Carry Trade Relationship and Shape of the Forward Curve
  • Margin Deposits and Margin Calls in Futures Trading
  • Futures and Forwards
  • Swaps


  • Base Metals
    - Aluminium
    - Copper
    - Nickel, Tin, Lead, Zinc
    - Iron Ore and Steel
    - The London Metal Exchange
    - Warehouses and Recent Delivery Problems
    - The New Exchanges: Shanghai, Singapore
  • Precious Metals
    - Gold over the last 10 years
    - Silver
    - Platinum, Palladium and their specific risks


  • Crude Oil and Oil Refined Products
  • Oil Forward Curves over the last ten years
  • Changes in the Forward Curve and Trading Strategies

Case Study: Hedging Strategies for an Industrial Producer/Consumer

Day Two

Energy (cont.)

  • Natural Gas, Shale Gas and LNG
  • Coal and the contrasted situation across major countries
  • Electricity and its current sources. The example of Germany
  • Uranium
  • Rare Earths, Cement and Raw Materials. The case of China

Risk Management of Commodities and Raw Materials

  • The Use of Options to Hedge or Get Exposure to Commodity Prices
  • Plain Vanilla Options on Futures
  • Traded Average Price Options (TAPOs) and Average Rate Swaps on the LME
  • Exchange and Spread Options
  • Volatility Skew/Smile in Commodities
  • Valuation of Physical Assets. The example of a Power Plant, an Aluminium Smelter, a Gas Storage Facility

Agricultural Commodities

  • Weather Risk and Country Risk in Agricultural Commodities
  • Hedging Agricultural Risk with Weather Derivatives
  • Fertilizers and Fertilizer Swaps
  • Volatility in Corn and Wheat Prices
  • Coffee, Cocoa, Sugar
  • Water as a Crucial Commodity

Investing in Commodities

  • The different vehicles
  • Structured Notes on Commodities
  • Investing in Shares of Commodity Mining companies
  • Mergers, Acquisitions and IPOs in the Mining world
  • The Challenges in building and managing a Commodity Index
  • Commodity as Collateral
Este curso está en español. Traducir al inglés