Dairy Hedging and Risk Management - The use of Futures and Financial Derivatives as a Means of Managing Price Risk Back to events list

Date: January 22nd, 2018 at 12:00 to January 26th, 2018 at 13:00
Price:Workshop Ticket €2000.0
Venue: Cork Institute of Technology

Dairy Hedging and Risk Management

The use of Futures and Financial Derivatives as a Means of Managing Price Risk

 

  • Date: Monday 22nd January 208 to Friday 26th January 2018 
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  • Workshop Fee: €2000 (includes all workshop notes, teas/coffees, and lunch on each day)    
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  • Enquiries: T: +353(0)21 4326187 or E: mathematics@cit.ie

 

Overview

Price volatility in the EU Dairy Market has increased significantly in recent years. This can be attributed to a number of factors which include a shift in EU Price support mechanisms and the increased globalisation of the dairy industry. Due to the increased volatility, Dairy Futures Markets and other Financial Derivatives have been developed to help the Dairy Industry manage its price risks more effectively. The successful use of Futures and Financial Derivatives as a risk management tool requires a level of knowledge and experience which is new to many in the sector.

 

Target Audience

This workshop is designed for Dairy industry professionals who are responsible for managing prices within their organisation, including: Finance Professionals, Procurement and Sales Professionals, Traders, General Management and Board Representatives. The aim of this workshop is to provide such professionals with an in-depth understanding of the structure and function of the Risk Management tools available as well as providing them with an understanding of the Risk Management Policies, Procedures and Strategies employed by leading international companies active in this sector.

 

Workshop Team and Delivery

This workshop has been designed and will be delivered by a highly experienced team of academic and industry personnel, and will be delivered by experts from Cork Institute of Technology and INTL FC Stone, together with guest lecturers from the field of risk management.

The workshop has been designed to provide academic theory, statistical modelling as well as provide commercial and strategic insights. It will be delivered through a combination of interactive classroom and computer based laboratory sessions.

 

Workshop Content

  • Introduction to Dairy Futures and Hedging
  • Introduction to Exchanges, Clearing House, Brokers,  Dairy Futures Contracts and Specifications
  • Understanding Regulations and Compliance
  • Introduction to Statistics
  • Modelling Price Relationships: Correlation and Regression Analysis
  • Margin and Cashflow Analysis
  • Trader Hedge Scenarios and Examples
  • Processor/Co-Op Hedge Examples and Strategies
  • Establishing an Internal Risk Management Policy
  • Guidelines on Establishing Internal Controls
  • Live Trading Platforms and Executing Sample Trades
  • Risk Modelling - Net Position Reports and Value at Risk (VaR)
  • Review Physical Positions and Financial Market to Identify Hedging
  • Market Development and Challenges
  • Dairy Market Outlook
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Additional information

Please note that if participants need to book accomodations, it will have to be booked by the participant. 

There are a number of Hotels in the area. The Kingsley Hotel is 3KM from CIT, is offering a preferential rate  (€110.00 B&B per classic single room or €125.00 B&B per classic double/twin room) and is highly recommended. You will need to quote “Cork Institute of Technology Mathematics” to avail of these rates. Guests can book by calling 353 21 4800 500 or by emailing reservations@thekingsley.ie

For any further information on this, please email mathematics@cit.ie

About INTL FCStone

INTL FCStone's customers include the producers, processors and end users of virtually every major traded commodity; commercial counter-parties; governmental, non-governmental and charitable organizations; institutional investors; brokers; professional traders; commercial banks; and major investment banks.

Among INTL FCStone's services are the proprietary Integrated Risk Management Program (IRMP), as well as exchange and OTC execution and clearing services, designed to limit risk and enhance margins and bottom-line results; physical trading in base metals, precious metals and grains; a global foreign exchange and currency payment service; asset management; equities market-making; securities execution and trading; and investment banking advisory services.

The trading of commodities and derivatives such as futures, options, and swaps involves substantial risk of loss and may not be suitable for all investors. For more information visit: www.intlfcstone.com

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