New for 2011

NEW: Workshops & Guest Speakers

"How To Effectively Value And Risk Manage Indexed Swing Contracts" - Friday 5th March 2010 led by Lacima Group

Is the accurate valuation of swing contracts presenting a challenge for your organisation? European energy companies increasingly enter into long-term gas purchase contracts with elements of swing in order to secure reliable supplies for their customers and end-users.

Swing contracts have many operational constraints that impact on valuation and risk analysis. Furthermore, the indexation feature of swing contracts, where the price of the gas delivered is usually indexed on a basket of commodities, presents complications in their valuation and risk management. In order to exploit the optionality presented by indexed swing contracts, buyers and sellers need to employ sophisticated methodologies to value and optimise them. A further challenge posed by these complex assets is how best to incorporate them into an overall risk management strategy.

This workshop will outline key methodologies to derive appropriate hedging strategies for complex assets and demonstrate how to incorporate the elements of uncertainty in indexed swing contracts into the overall portfolio’s risk metrics calculations.

By attending this workshop, you will learn how to:

Analyse a portfolio of gas swing contracts including key features such as minimum bill, make up, carry forward and indexation
Model gas prices to capture indexation
Effectively hedge gas swing contracts
Extend hedging to account for indexation
Gain practical experience of industry leading models

NEW Trading & Risk Management Workshop led by Mercurious, Monday 1st March 2010

An in-depth, practical workshop where you will go back to the office knowing more about:

The relation between Risk Management and Trading (Portfolio Management)
Risk versus return
Identify-measure-control
Hedging & hedging tools
Value-at-Risk methods & Stress testing
Derivatives positions
Volatility
Skew & kurtosis in distribution of chances
Spread trading
Correlation (coefficients)
Clearing & Settlement procedures
The Risk Management organisation

New Guest Speakers for 2010:

Dr Pippa Malmgren is President and founder of the Canonbury Group and Principalis Asset Management - in short, she helps companies better understand how politics, policy and geopolitics will impact on markets.
Andrew Reed, Oil & Natural Gas Market Analyst at ESAI, will be unravelling the Eurasian natural gas market - come and gain a greater knowledge of Russia, Turkmenistan, Kazakhstan, The Ukraine & Belarus
Gerald Ratner: founder of Ratner Online Jewellery. Gerald had transformed his family business into the world’s largest jewellery retailer with 2500 shops, when a casual joke he had told many times before hit the papers. He became a laughing stock and was forced to step down. Now back on top with a thriving online operation, he talks candidly about the rollercoaster journey and the valuable lessons learned: “Getting Back On Top - Recovering And Learning From Disaster” – if he can survive, anyone can!
Tatiana Mitrova, Head, Centre for International Energy Markets Studies , Energy Research Institute of the Russian Academy of Sciences will be explaining more about the Russian energy strategy & exports to Europe
Dr. Ibrahim Al-Marashi, Associate Dean of International Relations, IE University is an expert on Iran & Iraq: He'll be "Exploring Future Potential For Gas Deliveries & Their Export Strategies To International Markets"
Dr Michael Denison, Lecturer in International Security, Leeds University, will be sharing his knowledge on: "Turkmen Gas To Europe: Successfully Deploying Oil And Gas Resources & Diversification From Russia"
Julian Lee, Senior Energy Analyst, Centre for Global Energy Studies, will be giving in-depth analysis on: "Forecasting Oil Prices: What Will Be The Impact On Global Markets?"