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Introduction

In commodity trading, alongside market risk, price volatility is the predominant risk. Mitigating and managing price risk requires a combination of strategic knowledge, use of financial instruments, and clear organizational policies.

LCTA members’ employees should understand market risk exposure and have a comprehensive grasp of price risk, and its mitigation and management via hedging tools.

Content

Session 1: Friday, May 16, 2025 from 14:00 to 18:00

• Introduction to commodities risk management, different types of commodities risks, organizational responses and policies.
• Definition of price risk, price types and pricing mechanisms, price exposure and hedging; hedgeable and residual (basis) risks.
• Hedging methods and review of derivatives hedging instruments (futures, swaps, options).
• Practical examples and case studies of pricing mechanisms and relevant hedging techniques.

Session 2: Saturday, May 17, 2025 from 9:00 to 13:00

• Price risk measures (VaR), exposure monitoring, calibration and back testing techniques.
• Clearing and margining requirements of hedging operations, margin stress testing.
• Practical examples and case studies of price risk exposure monitoring and hedging responses, VaR back-testing.

Lecturer

Ganna Lysenko, Vice-President of Commodity Trading Alumni Association (CTA)
Ganna is senior financial expert with extensive experience in banking, commodity trading, credit and price risk management, and compliance.

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Admission

• CHF 550.- (VAT excl.) for LCTA’s Executive Board and Regular members, ZCA members and CCTS Alumni; a 25% discount applies from the 2nd participant from the same company
• CHF 605.- (VAT excl.) for LCTA’s Sponsor members; a 15% discount applies from the 2nd participant from the same company
• CHF 690.- (VAT excl.) for non-members

Maximum number of participants: 18.
Registrations are accepted on a first-come, first-served basis.
Participants will be awarded a Certificate of Participation.

Remark for CCTS Alumni: this course is accredited for the SAQ re-certification for the “Certified Commodity Trading Specialist” (CCTS) certification (8 credits).

Target audience

Junior Commodity traders or professionals interested in acquiring key skills and knowledge in commodity trading and commodities risk management.

Registration

Please register by May 9, 2025(*) through this link.

(*) an early registration is advised to participate in the online introductory session on April 16, 2025, and to actively contribute shaping the training course.

If a participant is unable to attend the course, a substitute may be appointment at any time. Requests for substitutions will only be accepted by e-mail to info@lcta.ch. For cancellations made 5 days or less before the course start date, 30% of the fee will be retained to cover administrative expenses. All “No Shows” will be charged the full course cost.