Commodity risk management is a topic well discussed in the Black Sea Region. Some companies are proactive with this, while others continue to learn the process. The purpose of this course is to dig deeper into the strategies commercial firms can use to protect their price risk.
This course is more for beginner to intermediate level understanding and will go into futures, options, and OTC strategies that can be utilized for Black Sea participants. We will also fully discuss the new CME PLATTS contracts available for use to manage Black Sea Price risk.
GAFTA contracts are the main instruments of trade in grains in Black Sea region.
The course is aimed to increase the level of expertise in crucial issues related to the execution of GAFTA contracts starting from the date of signing until payment is received. The workshop provides a detailed analysis of the most common mistakes of the parties, the consequences of non-fulfillment of the contract, as well as dispute resolution, considering peculiarities of trade in Black Sea region market. During this course, participants will receive answers to numerous practical issues, which they face in their everyday work with contracts.
AGENDA:
8:30-9:00 Registration&Coffee 9:00 Futures/Hedge Basics-Concepts 10:00GAFTA contracts – formation and fulfilment 11:30 Options: Terminology and Concepts/ Pricing and Delta/ Love to lose Application/Common strategies 13:00-14:00 Lunch 14-00 Over-the-counter (OTC derivative markets) 15:00 GAFTA default and damages 16:00 Coffee 16:30-17:00Black Sea Contracts- PLATTS- further introduction and trading applications 17:00-17:45 GAFTA Case Study 17:45-18:30Market Outlook - closing thoughts 18:30 Networking Cocktail by CME Group
UkrAgroConsult and NIBULON offer a Business tour for visiting Pereyaslav Transshipment River Terminal (NIBULON)* within the framework of the XV International Conference “Black Sea Grain-2018”.
AGENDA::
09:30–11:00 Bus transfer from "InterContinental" hotel to Chirske, Pereyaslav-Khmelnitsky district, Kyiv region
11:00–13:00Visiting Pereyaslav Transshipment River Terminal, meeting company representatives
13:00–14:00 Coffee break
14:00-16:00 Bus transfer from Chirske to "InterContinental" hotel
* Transshipment Terminal is located on a plot of more than 5 hectares. The staff of the branch accounts to around 100 employees. The volume of grain storage is 75.6 KMT, dryers power - 3 KMT per day. Loading rate onto the river vessel is 10 KMT per day.
"NIBULON" is one of the largest Ukrainian producers and exporters of agricultural products (wheat, barley, corn, rye, sunflower, etc.). As the company develops, it gradually expands geography and scale of production activities. At the moment NIBULON has 22 production units located in nine regions of Ukraine.
