Last chance to enrol into Electricity Futures & Options Workshop
Mon 17 Nov 2008
Learn more about the impact of Carbon and NSW privatisation of energy businesses
d-cyphaTrade is currently taking enrolments for its introductory level Electricity Futures & Options workshop in Melbourne.
Recent announcements confirming the NSW Privatisation of electricity owned businesses will have numerous impacts that will be discussed in this workshop:
- Managing uncertainty over hedge book buy-outs
- Managing credit default risk
- Reducing NSW retailer MCL funding costs using (proposed) Futures Offset Arrangements
With the impending issue of Carbon and the Emissions Trading Scheme (ETS), d-cyphaTrade will cover issues such as analysing the impact of the proposed ETS on electricity futures prices and liquidity and the future profitability of generators and retailers in the NEM.
Details
Date: Thursday, 20 November 2008
Faciliator: Dean Price, General Manager of d-cyphaTrade
Time: 9AM - 4PM (7 hours)
Cost: AUD $1,000 pp (+ GST)
Workshop Agenda
- Volume growth and drivers
- Introduction to electricity spot market
- Why generators and retailers hedge
- Hedging with futures and options
- d-cypha SFE Contract Specifications
- Futures, Spot Futures
- Product codes
- Strips
- Cap Futures
- Options (including Option exercises)
- Centrally cleared markets
- Characteristics
- Credit Risk Landscape
- OTC credit risk versus Futures margining
- Margining
- Initial Margins and Variation Margins
- Collateral Funding advantages
- SFE Clearing Corporation
- Risk Management and Default Procedures
- SFE Clearing Participants
- Liquidity
- The Effect of the Emissions Trading Scheme on electricity futures prices
- Retailer perspective
- Generator perspective
- Hedge Accounting
- SFE Settlement Price Rules
- Trading Mechanisms
- Block Trades
- Prenegotiated deals
- Custom Market
- Exchange for Physical (EFP)
- Futures and NSW Privatisation
- Futures Offsets for NEM Retailers (AEMC Rule)
How to Enrol
Please contact a member of the d-cyphaTrade Team on 1800 330 101 by COB 17/11/08 or visit Training for more information.