Curso on-line de Coberturas

CURSO DE COBERTURAS

Commodities Hedging Risk Control Course

We are pleased to announce our upcoming theoretical and practical courses on the futures markets traded on the Chicago and New York exchanges. During our courses, we will teach you the concepts of futures trading, demonstrate how to use a select group of technical analysis tools, and provide you with a simulator to practice trading in real-time markets. All of this will help you determine when to buy or sell based on price movements. de anunciarles nuestros próximo curso, teórico y práctico, sobre el control de riesgo en las materias primas (hedging) utilizando contratos de futuros y opciones negociados en las bolsas de Chicago y Nueva York.

Durante este curso, les enseñaremos la función del mercado de futuros, su historia y la terminología relacionada con la industria. Descripción del procesamiento de una orden, la importancia que el sistema de márgenes tiene en la integridad de la bolsa de valores, el rol de la Cámara de Compensación y la regulación de la industria de futuros.

In addition, we will teach you how to use options contracts in combination with futures contracts to create hedging strategies.

Curso completo Online de Coberturas para Empresas

Methodology:

● This course is aimed at those who require a comprehensive knowledge of hedging strategies for managing commodity price risk.
● Introductory and theoretical aspects will be addressed to develop specific hedging strategies.
● No prior knowledge is required.

Price composition:

Analysis of the relationship between futures prices and the physical price of raw materials (spot price = futures + basis). Understanding this relationship highlights the benefit of being informed about price management for purchasing departments in companies.
The objective is to clarify the relationship between futures and basis. Examples of the different applications of Futures will be presented from the point of view of buyers and sellers of hedges, followed by exercises that will reinforce the understanding of basis and futures in order to establish appropriate prices for commodities.

We will use practical examples that will include the variable margin required to maintain a hedging position.

Introduction to Options:

Emphasis on how option strategies can offer valuable flexibility in pricing. What exactly are options? Put and call options? How is the value of these options established? How is the Time Value and Intrinsic Value of an option calculated? What rights and obligations do option buyers and sellers have? If the option is exercised, what position will be assumed going forward?

Options offer those seeking price protection a wide variety of strategies. This course facilitates the comparison of financial results between alternatives to make effective decisions. Participants will also learn how to calculate profits and losses on futures, call and put options, spreads, and certain combinations of options.

Core strategies and adjustments for price management:

Using interactive materials we will analyze the different strategies that can be used according to the risk to which you are exposed, either at high or low prices. We will also cover possible adjustments that can be made to counteract special market situations such as excessive volatility or extreme prices.

The importance and benefits of establishing a purchasing policy will be discussed in order to establish risk tolerance parameters and decision-making procedures.

The impact of the exchange rate on agricultural input prices and the use of futures to establish risk hedges will also be analyzed.

Price management simulation:

Through a user-friendly trading platform, participants will be guided through a simulation based on real historical market data to reinforce the topics covered. Participants will be part of teams representing their companies.

Team members will make decisions to manage risk in different periods. At the end, teams will share their strategies and explain the decision-making process used.

The presenters will work with the teams during the simulations to clarify questions throughout the process. This session will conclude with a complete review and recap of the decisions to emphasize the opportunities and implications of the different hedging strategies and alternatives.

Course Program

● Agenda
● History of Futures Markets
● Standardization of contracts
● Counted vs. Futures
● Graphical representation of prices
● Margins and guarantees
● Volume of Operations and Current Contracts
● Clearing House
● How to buy and sell contracts
● Options Basics
What is an option?
How do the Options work?
● Differences between Futures and Options
● Terms and Meanings
Intrinsic value of the Option
● Other variables that influence the value of the Option.
● Buying and Selling Options
● Order Executions
● Spread orders
● Practical Work
● Hedging Theory
● Short Coverage
● Long Coverage
● Commodity Hedging
● Basic Coverage
● Calculation of the Basis
Hedging with Futures (Food, Metals, etc.)
● Hedging with Financial Futures and Currencies
● Interest Rates
● Components of Interest
● How Interest Rates are quoted in Futures
● Short-term and Long-term Financial Instruments
● Example with Food (coffee, sugar, corn, etc.).
● Example with Metals (gold, silver, copper, aluminum, etc.)
● Example with Energetics (oil, gasoline, etc.).
● Example with Currencies (Euro, Japanese Yen, Pound, etc.)
● Interest Rate Hedges
● Hedging with Stock Indexes
● Index of Values
● The use of Beta
● Practical Work