02 Apr On-line Training in Commodity Risk Management
In these unprecedented times, we find ourselves safeguarding our work, families and communities. It is our sincerest hope that as this historic virus outbreak takes its course, our industry friends, colleagues and families are able to do what it takes to keep safe and healthy throughout.
Less travel, more work from home and slower business conditions may also increase unscheduled work time and provide a needed opportunity to tackle important projects in skill building we have been putting off. Recent events have underscored the need for solid risk management education. Understanding metal prices, the markets that derive them and how both can be used to better manage your business is a critical example of an underutilised skill. In that vein, my colleagues and I from The Metals Risk Team are offering online bespoke or public training courses to your staff athome at a much lower fee, given we are able to cut out costly travel, accommodation and other costs using Zoom, Skype or TeamViewer. We are happy to offer a course that fits the needs of your team, ranging from a one-day introductory session or a more intensive bespoke interactive 2-day course.
Courses are offered by Robert Fig, Michael Lockwood and David Waite, three of the world’s most experienced physical traders and trainers in commodity risk management.
Typical courses would cover some or all of the following areas:
· How to integrate Reporting Agency and Future Exchange pricing into your business
· The origins and purpose of commodity exchanges and how they’re designed for times like these
· Who uses the markets and why from buy side to mining and industry
· What is commodity risk management, why do businesses need it and what is needed to support it
· Risks faced by producers, consumers and processors, how they differ and how they impact you
· How to identify the various kinds of commodity risks you may face from transactions to inventory
· Using generalised examples from participating companies – ways of managing these specific risks
· How to manage and monitor the value chain – how do you manage daily changes to the market
· How to link hedge outcomes to specific commercial pricing risks
· Risk Tool Kit – Forwards, Futures, Over the Counter products and options – which and when to use
· How to set up a world class risk management operation scaled to your needs
· How regulation is evolving and how they will impact commodities businesses in future
· The physical trading of commodities including traffic, documentation and Inco Terms
· China – The Belt and Road Initiative which accounts for over 50% of world commodity market activity
· The current macroeconomic environment from the 2008 crash to 2020’s COVID-19