Energy Risk Management 101

To be announced

COURSE DETAILS
Course: Basic to Intermediate
Prerequisites: None. No advance preparation needed.
Instructional Method: Live
CPE: 7.5 hrs
Cost: $895

Agenda | Instructor | Register

Brief:
The current trading environment demands state-of-the-art Trading Policies, Codes of Conduct and Compliance. How should the foregoing be done for your trading company? How detailed should the policies be? How should the Trading Policies and Codes of Conduct be integrated with Compliance for the best possible result? What are the “hot button” issues of the regulators in the over-the-counter markets? How would your company handle non-compliance by a “star” trader? The following day long seminar: Lowering the Risk of Energy Risk Management, will address all these issues and more.

Agenda:
One Day Seminar - 8:30am - 4:00pm

ENERGY RISK MANAGEMENT 101

1. Risk Management Overview (830 to 915)

a. Market, Credit, Regulatory, Systems, Systemic, Etc. Risks
b. Overview of Tools and Issues in Energy Risk Management
c. Ongoing Risk Assessment and Reassessment

2. Trading Policies Approved by the Board of Directors (915 to 1015)

a. Trading Limits by Commodity, Time, VAR, Cash, Etc.
b. Valuation-at-Risk
c. Reporting to Board; Notification Regarding Breaches
d. Interaction with Traders

3. Trading Regulations (1030 to 1130)

a. FERC and CFTC Regulations
b. Regulations on Manipulation
c. OTC versus Futures Trading
d. Exchange Trading Limits and Rules
e. New Regulations?

4. Compliance with Trading Policies and Regulations (1130 to 1200, and 100 to 130)

a. Daily Position Reports
b. Deal Tickets and Data Entry
c. Separation of Front and Back Office
d. Risk Management Team’s Required Skills and Interaction
e. Ongoing Updates and Improvement
f. Auditing Forward Price Curves, Volatility, Etc.
g. Systems Requirements and Issues
h. New Product Development

5. Codes of Conduct and Sales Practices (130 to 230)

a. Guidelines for Interaction with Customers
b. Interaction with Regulators
c. Rigorous Enforcement for all Employees

6. Risk Management Case Studies for Energy Trading (245 to 400)

a. Work Through 6 Energy Risk Management Challenges
b. Develop Trading Strategies to Better Manage the Risks

7. New Directions for Risk Management

Who Should Attend:

Risk Managers
Credit Traders
Senior Management
Board members

Standards

CPE Credits: Registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding sponsors may be addressed to NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: www.nasba.org

We have entered into an agreement with the Texas State Board of Public Accountancy to meet the requirements of CPE rules covering maintenance of attendance records, retention of program outlines, qualifications of instructors, program content, physical facilities, and length of class hours. This agreement does not constitute an endorsement by the board as to the quality of the program or its contribution to the professional competence of the licensee.

Refund Policy: If the registrant or his or her agent cancels a registration 3 days or more prior to the seminar date, Energy Seminars, Inc. (ESI) will impose a cancellation fee of $35 if paid by check, money order, VISA, or MasterCard, or $50 if paid by AMEX. If the registrant is a no-show or the registration is canceled less than 3 days prior to the seminar date, ESI can offer only a letter of credit to any future seminar.

For more information regarding our complaint and refund policies, please telephone our offices at 281-362-7979.

INSTRUCTOR
Mark E. Haedicke

Principal

HaedickeHoyt & Associates
Energy Consulting Services LLC

The law firm of HaedickeHoyt specializes in trading documentation, with the primary focus on the Master Agreement and Credit Support Annex of the International Swaps and Derivatives Association (“ISDA”). The named partners are Mark Haedicke and Mont Hoyt, each of whom has extensive experience with the ISDA, all as described in greater detail below.

Professional Experience:
Mr. Haedicke has worked in the energy business for more than 25 years. He has worked with gas and power distribution companies, gas pipelines, commodity trading and marketing companies and in power plant development. He also was the only non-Wall Street representative on the Board of Directors of the International Swap and Derivatives Association for six years. Since 1990, Mr. Haedicke has focused on energy trading and marketing. During such time, he has led the development of master contracts for the energy industry. Mr. Haedicke brought financial documentation technology to both physical and financial energy trading contracts.

Education & Certifications:
Mr. Haedicke received his undergraduate degree in Business Administration from the Honors College at Michigan State University and his law degree from Wayne State University.

Professional Associations & Affiliations:
Mr. Haedicke has written numerous articles on energy trading and documentation including: Gas Commodity Markets in Energy Law & Transactions, Competitive-Based Contracts for the New Power Business in the Energy Law Journal, and Gas Trading in 2005 and the NAESB Contract in the Rocky Mountain Mineral Law Journal. Mr. Haedicke is also the author of numerous training materials for courses on energy trading used by Energy Seminars, Inc.