Newsroom

Last chance to enrol - Electricity Futures & Options workshop, Brisbane

Wed 18 Mar 2009

ABOUT THE WORKSHOP

This introductory workshop provides an understanding of the d-cypha SFE Electricity Futures and Options Market and how the market is traded. Market liquidity and recent electricity futures price history is also analysed in the workshop. This workshop is suitable for new wholesale energy consumers, utility companies and financial trading specialists seeking to gain an introduction to the electricity futures and options market. Established energy trading company employees seeking to improve or refresh their knowledge of the market will also find this workshop of interest.

WHO SHOULD ATTEND

As an introductory workshop there is no assumed knowledge, it forms a good basis for gaining exposure to understanding the electricity futures and options market.

The course will be of particular interest to hedge funds, investment banks, industry regulators, equity analysts and existing energy traders seeking to improve their knowledge of the market. Risk managers and treasurers of energy-intensive companies will also find the course of interest.

WORKSHOP DETAILS

DATE: Monday, 23 March 2009
DURATION: 9AM - 4PM (7hrs)
PRESENTER: Dean Price - General Manager
VENUE: Level 24, 288 Edward Street, Brisbane
FEES: AU $1,000 (exc GST)
MATERIALS: Workshop notes, refreshments and lunch provided.

WORKSHOP AGENDA

  • Introduction by d-cyphaTrade
  • The Australian Electricity Pool Market
    • Introduction to the spot market
    • Fundamental drivers of the spot price
    • Information sources
    • The Australian Electricity Futures and Options Market
    • Market Liquidity and Price History
    • Fundamental drivers of futures prices
    • The Forward Curve & impact on energy-intensive industries
  • Hedging with futures and options
    • Hedging techniques for generators
    • Hedging techniques for retailers & large energy users
    • Hedging techniques for retailers & large energy users
  • Characteristics of the Centrally Cleared Futures Market
    • Collateral funding efficiencies for trading operations (OTC versus SFE)
    • Compliance benefits
    • Hedge Accounting benefits, AASB 139
  • Electricity Futures and Options Contract Specifications
    • Futures (Base, Peak and Caps)
    • Options (Peak and Base Strip)
    • Expiry Process - Cash Settlement and Option Exercise
  • SFE Electricity Trading Mechanisms
    • Pre-negotiated business
    • Block Trades/OTC negotiated dealing
    • SFE Custom Market
    • Strip Trading
    • Exchange for Physical (EFP)
  • Daily Price Settlement Procedures
  • Margining at SFECC
    • Initial Margins and Variation Margins
    • Introduction to SPAN margining
    • Initial margin offsets
    • Option and futures expiry
    • Worked examples
  • Miscellaneous
    • Futures Offsets Arrangements. Cost savings for Retailers and consumers.
    • Hedging the purchase of a NSW electricity retailer

REGISTER NOW

For further information or to register please contact a member of d-cyphaTrade on 1800 330 101 or email training@d-cypha.com.au and a representative will be in touch with you shortly.

To organise an in-house workshop please call a member of the d-cyphaTrade Team on +61 2 9237 0900 to discuss your specific requirements.