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Soft Commodity Life Cycle from A to Z

CHF 1200 CHF 800

  • USD: 795$

Where the goods move, why they move, who controls the process and how they operate.

Discover the trade life cycle and learn how trading firms operate

  • 10+ hours on-demand video
  • Expert & profesionnal teacher
  • 5 chapters & supplemental resources
  • Interactive quizzes
  • Full lifetime access
  • Language: English
  • Certificate training sessions

By Joshua HAWKINSSoft Commodity Trader & Economics Speaker

Description

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?

Get an overview of all the different functions within a commodity trading company.

  • Be able to speak confidently about how the commodity market is changing and what challenges commodity traders are facing in the current market.
  • Understand how commodity traders make profits and where potential opportunities lie.
  • Have a basic grounding in what space, time and transformation arbitrages are currently occurring in soft commodities.
  • Even if you work in a commodity trading company, all pieces of the puzzle are explained and you will understand better the other roles and how you fit in.

This session will include interactive exercises, practical case studies and tips from the field!


 

Table of content

PART 1: What is commodity trading? (2h30)
– 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: Pre-trade and Contract Negotiation (Including risks) – 2h30
– 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
– Counterparty Risk
– Political and Legal Risk

PART 3: Contract is signed, trade confirmation (PnL, credits, liquidity management, operations) – 1h00
– 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 – Trade Execution (logistics, payment, etc.) – 1h00
– Operators role – Common Problems
– Land Transport
– Chartering and Ocean Freight
– Terminal Port issues and agents
– Insurance Risk

PART 5: Post Trade (accounting, tax, finance, etc.) – 45
– 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


 

Certification

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

 

Speaker


Joshua HAWKINSSoft Commodity Trader & Economics Speaker

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.

Certification

Certification

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

Table of content

Table of Content

PART 1: What is commodity trading? (2h30)
– 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: Pre-trade and Contract Negotiation (Including risks) – 2h30
– 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
– Counterparty Risk
– Political and Legal Risk

PART 3: Contract is signed, trade confirmation (PnL, credits, liquidity management, operations) – 1h00
– 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 – Trade Execution (logistics, payment, etc.) – 1h00
– Operators Role – Common Problems
– Land Transport
– Chartering and Ocean Freight
– Terminal Port Issues and Agents
– Insurance Risk

PART 5: Post Trade (Accounting, Tax, Finance, etc.) – 45
– 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