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Advanced Training in Commodity Economics & Finance - Trading Commodities and Hedging Strategies for Producers/end-Users

From

31
9:00 am October 2016

To

04
5:00 pm November 2016

OCP Policy Center, Rabat.

This course aims to describe how a typical commodity industry works, and to elucidate how risks could be diluted between producers, end-users, smelters and traders. In addition to that, it is an introduction of futures contracts, highlighting their peculiarities and showing how they can be used to set up both fix-price and offset hedging strategies

Objectives :

Understanding of :
• Commodity industries (agriculture, mineral and metals and energy) exposure to price risk;
• The uses and market functions of commodity financial derivatives, especially futures contract; 
• Concepts of hedging (fix-price hedging vs offset hedging) and speculation Be able to;
• Define hedging strategies with derivatives;
• Compare relative performances of various financial instruments and hedging strategies.

Speakers
Yves Jégourel
Senior Fellow
Yves Jégourel is Senior Fellow at Policy Center for the New South as well as Full Professor and head of the Chair in “Economics of Raw Materials and Sustainable Transitions”, at the Conservatoire national des arts et métiers. He was previously a professor at the University of Bordeaux, where he directed the Master program in Banking, Finance and Commodity Trading (BFCT) and was vice-dean in charge of relations with companies in the Faculty of Economics, Management and ESA (EGAES). He devotes his teaching and research activities to the economics of commodities, with a particular focus on the common dynamics that characterize the agricultural, energy, and mineral and metal sectors: the internationalization of physical markets, the macroeconomic dependence of exporting countries ...