Electricity Futures & Options Workshop - Introductory Level
Thu 14 Feb 2008
Enrol now to d-cyphaTrade's Electricity Workshops
d-cyphaTrade runs introductory workshops designed to increase understanding of the d-cypha SFE Australian Electricity Futures and Options Products.
SCHEDULE:
- Sydney - Thursday, 28 February
- Melbourne - Wednesday, 12 March
- Brisbane - Wednesday, 19 March
FACILITATOR: Dean Price – General Manager
DURATION: Full day workshop (9am – 4pm)
FEES: A$1,000 (+ gst) per person
ASSUMED KNOWLEGDE: Nil
WORKSHOP OUTLINE
- Introduction by d-cyphaTrade
- Risk Management at SFECC (introductory level)
- Role of the Clearing House
- Regulatory Environment
- Benefits of Central Counter-Party (CCP) clearing
- Characteristics of a Centrally Cleared Market
- Collateral funding efficiency
- Compliance benefits
- AASB 139
- Insider Trading
- d-cypha SFE Australian Electricity Futures and Options Contract Specifications
- Futures (Base, Peak and Caps)
- Options (Peak and Base Strip)
- Expiration Procedures - Cash Settlement and Option Exercise
- Daily Price Settlement Procedures
- The Forward Curve (futures and options)
- SFE Trading Mechanisms:-
- RFQ,
- Block Trades,
- SFE Custom Market,
- Strip Trading,
- Exchange for Physical (EFP).
- Reallocations and Futures Offsets
- Margining at SFECC
- Initial Margins
- Understanding the SPAN methodology
- Calculating Initial Margin obligations including Inter-Month charges and Inter-Commodity Margin Offsets
- Additional Initial Margins
- Variation Margins
- Mark to Market versus Daily Settlement
- Intra-day Margins
- Worked examples
To secure a place in a workshop please call a member of the d-cyphaTrade Team on 1800 330 101.