Commodities - An Introduction

Wed, 08 Sep 2010

London, England

Contact

General information

This one day course is aimed at introducing a variety of commodity markets, the various participants and their particular motivations. It will define what is meant by a commodity, the patterns of supply and demand and the price drivers. It will also take a look at the more common investment structures available across these markets.

This course is delivered jointly with our partners the International Capital Markets Association (ICMA)

COURSE INFORMATION
Price: £650 + VAT
Duration: 1 day
Available Dates: Sep 08 2010
WHO SHOULD ATTEND
This course is suitable for anyone with an understanding of the fundamental concepts of finance but has an interest in understanding how commodities fit into the world of finance.
BOOKING INFORMATION
Tel: +44 (0) 20 7065 7706
Email: education@theice.com
Booking Form
Terms and Conditions

COURSE CONTENT
SESSION I
Commodity fundamentals
Identify the links between different commodity markets
The main traded commodity markets
Why commodity markets are essentially forward markets
SESSION II
Forward pricing
The concept of a forward price
Why normal forward pricing conditions do not apply in commodity markets
Conditions of contango and backwardation and the situations in which they are most likely to occur
The main commodity participants and their likely activity along the forward curve
SESSION III
Physical market participants
The nature of a supply chain for different commodities
The nature of their associated price risks
Demand and supply patterns for different commodity complexes (i.e. metals vs. energy vs. agriculture)
The main price drivers of commodity prices
SESSION IV
Financial market participants
How market participants can invest in commodities (e.g. index funds vs. ETPs vs. MTNs)
The main commodity indices used by the market
The main sources of return from index investing (i.e. the concept of the roll yield)
The main features of exchange traded products
Structured commodity products

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