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The Soft Commodity Trading Life Cycle
from A to Z
Where the goods move, why they move, who controls the process and how they operate
By Joshua HAWKINS
Soft Commodity Trader & Economics Speaker
Discover the Trade Life Cycle and learn how Trading Firms operate
1. Intro: What is commodity trading?
2. Pre-trade: What needs to be done before signing a contract?
3. Trade is signed: Who steps in now?
4. Trade execution: Who executes the trade?
5. Trade settlement: What are the remaining steps?
Discover the key steps involved in a commodity trading firm’s operations.
SOFT COMMODITY LIFE CYCLE FROM A TO Z
Table of Contents
PART 1 (3h00)
What is commodity trading?
Soft Commodity Trading Jargon Buster
Geneva as a Commodity Trading Hub
Basics of Commodity Pricing – Commodity Pricing Mechanism
Supply and Demand – Demand and Supply Driven
Basis Risk and Pricing Forwards, Futures and Swaps
ICE Nymex and the Exchange, Price Discovery, Forward Curves
OTC Products versus Exchange Traded vrs Clearport
Options and their Structures
Commodity Assets – Upstream
Commodity Assets – Midstream
Commodity Assets – Downstream
Commodity Trading Company Structures
The Future for Commodity Trading Companies
PART 2 (3h00)
Pre-trade and contract negotiation (including risks)
Role of Trader – Arbitrage in Space
Role of Trader – Arbitrage in Time – Contango Markets
Role of Trader – Arbitrage in Time – Backwardation Markets
Role of Trader – Transformation Arbitrage
Role of Trader – Physical Trading
Role of Trader – Paper Trading
Role of Trader – Option Trading strategies
Role of Trader – Liquidity Risk facing Commodity Traders
Bush to Fob Margin – Asset plays
CIF to Shelf Margin – Marketing and Asset Plays
Price Risk – Management of Risk
Political and Legal Risk
PART 3 (1h30)
Contract is signed, trade confirmation (PnL, credits, liquidity management, operations)
Traders Role – Common Problems
Contractual Agreements – Different Trading Terms
Shipping Documents – Bills of Lading and LOIs
Operational Risk Quality and Quantity Risk
Payment Terms – Letters of Credit, CAD and CIA
Accounting – Liquidity Management on Paper and Physical Trades
Managing Credit Exposure
PART 4 (1h30)
Trade Execution (logistics, payment, etc.)
Operators role – Common Problems
Chartering and Ocean Freight
Terminal Port Issues and Agents
PART 5 (1h15)
Post Trade (accounting, tax, finance, etc.)
Basel III and effects on Commodity Trading Companies
Customer Financing Agreements
Disputes and Arbitrations – RSA and Gafta
Financing in a Commodity Trading Company
Position Limits and VARs
Joshua Hawkins, Economics Speaker & Soft Commodity Trader
Trading is in Joshua Hawkins’s DNA, he comes from 5 generations of commodity traders. His family left England in the early 1800s and established Wise & Co a commodity trader in the Philippines where he grew up. He went on to attend Oxford University achieving a first class degree in Geography. From there he went on to join Louis Dreyfus Trading in London as a trainee graduating to trade Coffee, Sugar and Rice. He has also worked in shipping and oil with SwissMarine and Valhalla Marine respectively. He is now Soft commodity trader at Tereos (a large sugar industry player) Joshua Hawkins has another passion, education, being a qualified teacher he has also worked as a High School Geography and Economics teacher for extended periods. He is uniquely qualified to guide you through the world of commodity trading.
At the end of the course, attendees who achieve a score of 75% or higher will receive an AW Academy certificate from Ampersand World. This internationally recognised certification is aimed at those wanting to enter the world of trading and professionals seeking to boost their knowledge in this field. Pre-requisites: None.
You will pass this test at the end of your curriculum. The latter will be composed of questions, and will group the different notions approached in the course of your experience.
This program consists of about 8 hours of training courses and complementary quizzes. This time is our recommendation to get successfully certified.
If you want to go further in your learning cycle, you can have access to our speaker and plan private lessons. Contact us for more details.
Welcome to the Academy
AW ACADEMY® is an e-learning platform focused on physical commodity trading, shipping, trade finance
and all related domains and animated by Ampersand World.
LEARNING BY DOING
Our online courses that teach general and/or specific commodity trading skills in a “learning by doing” format. We believe that learning about commodities is more efficient through simulations and practical case in which each attendant has opportunities to practice trading fundamental directly.
UPGRADE YOUR TRADING SKILLS
Our online courses offers are targeted to people working in the world of trading or willing to learn more about this industry. This includes professional without trading experience, young graduate or HR specialists in the trading sector who would like to develop or up-date their trading skills.
A unique feature of the AW ACADEMY® is that it is taught by a team of practicing speakers and other professionals who are selected not only for their professional reputation and accomplishment, but also to reflect the diversity of the trading profession.