The riskGRID™ ETRM Game –CFVG October 09-16, 2014 Hanoi & HCMC We are proud to announce that we will be offering a new and exciting opportunity to learn and practise Energy Trading and Risk Management at CFVG MEBF this year. The course teaches the groundwork on Day 1-3 and then runs a competitive team game on Day 4. Day 1-3 will be different for Hanoi (09-11) and HCMC (13-16), Day 4 will be a Saturday or Sunday and common to both Campuses. ETRM first principles. Fundamental analysis, Technical trading, Futures, Swaps, Options and Deal structuring (financial engineering). How trading companies, banks and hedge funds work. How index trades and deal structuring work. Deal booking, trading the price curve, trading the volatility surface, recognising and either leveraging or neutralising market moves by type. Defining a Risk adjusted Framework and managing an ETRM strategy. You will be graded as a team and individually. This is a market-driven course lead by practitioners. We don’t teach from books, this is a pro-am event where our aim is to get you buckled in, down the runway and airborn as quickly as possible – with someone helping you. Whether front, middle, or back office; or any of the STCB or CPG ETRM roles ….

1. The riskGRID™ ETRM Game –
CFVG October 09-16, 2014
Hanoi & HCMC
• We are proud to announce that we will be offering a new and exciting
opportunity to learn and practise Energy Trading and Risk Management
at CFVG MEBF this year.
•• The course teaches the groundwork on Day 1-3 and then runs a
competitive team game on Day 4. Day 1-3 will be different for Hanoi
(09-11) and HCMC (13-16), Day 4 will be a Saturday or Sunday and
common to both Campuses.
• http://www.cfvg.org/index.php/en/news/news/item/527-cfvg-specialized-master-in-finance-mebf--
marketing-mmss-application-2011-is-opening
The riskGRID™ ETRM Game
Sponsored by
1
…

2. Content & Learning Outcome
• ETRM first principles.
• Fundamental analysis, Technical trading, Futures, Swaps, Options and
Deal structuring (financial engineering).
• How trading companies, banks and hedge funds work. How index
trades and deal structuring work.
• Deal booking, trading the price curve, trading the volatility surface,
recognising and either leveraging or neutralising market moves by type.
• Defining a Risk adjusted Framework and managing an ETRM strategy.
• You will be graded as a team and individually.
• This is a market-driven course lead by practitioners. We don’t teach
from books, this is a pro-am event where our aim is to get you buckled
in, down the runway and airborn as quickly as possible – with someone
helping you. Whether front, middle, or back office; or any of the STCB or
CPG ETRM roles ….
2
You will be ideally prepared for an interview…
or simply superbly introduced to ETRM.

3. Who learns ETRM/CTRM¹ ?
Commercially Academically Professionally
“for traders, trader new-hires
and the teams who work with
them”
” for students and their teachers” “corporate risk managers,
accountants, lawyers”
1 live price and vols
2 futures physical and freight
1 practitioner dominated faculty
yet academically sound
2 trading structuring role
1 Explains curve construction
and management
futures, trading, structuring, role-playing,
2 Teaches accounting and
capability, index (Platts etc)
financial engineering
3 real market curves and
surfaces (price vol and correl)
3 a gradable case study in
ETRM/CTRM
regulatory best practice
3 Teaches risk management
price, best practice
4 trading, structuring, role
playing, financial engineering
4 constant assessment by pop-quiz
and a variety of games and
tests
4 Captures structured deals
allowing reverse engineering
5 look at our
recommendations on linkedin
5 ideal preparation for trading
and risk management
front/middle/back office positions
5 teaches “as its taught” by
your risk management
service providers
3
¹ ETRM – Energy Trading & Risk Mgmt, CTRM – Commodity Trading & Risk Mgmt

4. How do we know its good?
• Its like flying a fighter jet. When properly designed and built any
experienced (pilot)trader can pick up the game and fly it after only
minutes of familiarisation.
• We were constrained in academia by poor IT when compared to the
commercial world. Our game runs across the internet on the students
laptop. Every problem you solve is an opportunity and becomes a
critical success factor while slowing the competition.
•• We developed software with “live prices and live vols”.
• The game content is based on real events as they happened – it is not
a simulation but like the techniques used in the commercial world it is
based on actual market action and information and heavily
dependent on role playing within a real commercial environment.
• The game itself runs for 8 hours – its a dense and intense day, just like
the trading (ETRM) world.
• Students work in teams of four to build a strategy, execute, evaulate
and rebalance within a Risk άdjusted Framework (RάF ™ by riskGRID)
while their corporate world and its needs change with a dynamic
market
4 We were challenged to build something special

5. How do we know its unique?
• Its like flying a fighter jet.
• With an experienced design, engineering and delivery team we
stripped down actual commercial software to first principles and built a
student version with as few compromises as possible and many which
were practical.
• We then rigorously trained and taught with it, honing and developing
our ETRM game.
• At all times you will have experienced commercial market people
training you hands on and taking the controls with you for the more
complicated manouvers.
• We hired others to teach with their software as a benchmark. We out-performed
at every level.
5
We built something special –
riskGRID™ for Academia

6. riskGRID™ the GUI feed…
Generators Transaction types Database
h h i l OC F d
Vol
GEN
Exchange, Physical, OTC
Futures, Swaps, Options
Price Fundam
Data
entals
Price
GEN Basis, Index, EFP
Curve
GEN
riskGRID™ Architecture
Commodities Biz Mgmt, Compliance & Controls
Oil Gas Electricity CRM • Customer positions, limits, reports...
C dit Li it Ri k Li it t Regional & Global
Carbon, LNG, Weather, Structured
i t b ddd
CRO • Credit Limits , Risk Limits, reports…
Risk
• By commodity, strike, expiry…
Finance etc can be added 6 Stack Agrimax

7. riskGRID™ - the front end of
the Trader System
Account: All 1 +/- day 0 30-Mar-12Prices riskGRID AS OF: 30 “Give me a lever long enough
+/ March 30, 2012
Commodity last Δ +/- IVol% +/- TDelta TGamma $Theta $Vega $Rho $P&L YTD $P&L TDY Futs Swaps TDelta 1d Δ IV%
1w Δ
IV%
0 0 0
WTI (CL)
Apr-12 103.02 (4.50) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01%
May-12 103.54 (4.41) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01%
J 12 104 03 (4 22) 0 00 20 00% 0 00 (0) (2) 139 (92) 25 (1 503) 200 100 300 400 0 01% 0 01%
and a fulcrum strong enough,
Jun-104.03 4.22) 0.00 20.00% 0.00 1,503) $ 0.01% 0.01%
Jul-12 104.40 (3.90) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01%
Aug-12 104.66 (3.55) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01%
Sep-12 104.86 (3.23) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01%
Oct-12 105.05 (2.92) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01%
Nov-12 105.23 (2.63) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01%
Dec-12 105.33 (2.35) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01%
(0) (1.6) $ 139 $ (92) $ (1,503) $ 200 100 300 400
HEAT (HO)
Apr-12 316.84 (3.75) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
May-12 317.01 (3.49) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
Jun-12 317.94 (2.50) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
and I will move the world.”
Jul-12 318.91 (2.11) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
Aug-12 319.81 (1.78) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
Sep-12 320.53 ( 1.55) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $
- 0 0 0 0.01% 0.01%
p ) Oct-12 321.07 (1.51) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
Nov-12 321.48 (1.65) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
Dec-12 321.76 (1.74) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
0 0.0$ - $ - $ - $ - 0 0 0
Archimedes
RBOB (RB)
Apr-12 338.99 13.27 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
May-12 330 81 5 74 0 00 20 00% 0 00 0 0 0 $ - $ - 0 $ - $ - 0 0 0 0 01% 0 01% May 330.81 5.74 0.00 20.00% 0.00 0.0 0.01% 0.01%
Jun-12 324.93 2.69 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
Jul-12 319.47 1.00 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
Aug-12 313.91 (0.15) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
Sep-12 308.24 (0.84) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 Oct-12 292.10 (1.41) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 Greece 0 ca. 0 300 0.01% 0 0 0.01% BC
0.01%
0.01%
Nov-12 287.40 (1.38) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
Dec-12 284.94 (0.85) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01%
0 0.0 $ - $ - $ - $ - 0 0 0
7 Stack Agrimax

8. STCB – Short Term Commercial Bank
8

9. CGP – Consumer Packaged Goods
e.g. A Tesco
9

10. The full Academic Course
Dynamic Commodity Trading
ABC Modules Overview
Modules elements and
duration
• 3 hrs ABC Modules
A iti
A, B, C Common
elements
Duration
• 3 hrs
A
Fundamentals
• Booking • 1 hrs Technicals
• 2 hrs Futures
• 1 hrs Swaps
• 1 hrs Options
• 1 hrs Swaptions
Appreciation
30 Hours
• 3 hrs
• 3 hrs
• 3 hrs
• 9 hrs
deals
• Curve Structure – Price
• Curve Structure - Vol
• Market Moves
• Trading Game
• 1 hrs Deal Structuring
Basic
60 Hours
cumulative
• 1 hrs Fundamentals
• 1 hrs Technicals
• 1 hrs Options
• 1 hrs Swaptions
• Booking deals
• Curve Structure – Price
• Curve Structure - Vol
• Market Moves
• 3 hrs
• 3 hrs
• 3 hrs
• 3 hrs
B
ABC module
total duration
p
• 1 hrs Deal Structuring
• 1 hrs How Trading Companies Work
• 1 hrs How Banks Work
• 1 hrs How Hedge Funds Work
• 1 hrs How Index Trades Work
• 1 hrs • A Module allows
total of 30
teaching hours
• B Module allows
total of 30
• Trading Game • 9 hrs
Competent
90 How Structured Trades Work
• 2 hrs Indices
• 2 hrs Platts
teaching hours
• C Module
allows total of
30 teaching
hours
• 2 hrs
• 3 hrs
C
• Booking deals
• Curve Structure – Price
Hours
cumulative
• 1 hrs Swaptions & Financing
• 1 hrs Deal Structuring - for Finance
• 1 hrs How Trading Companies Trade
• 1 hrs How Banks Trade
• 1 hrs How Hedge Funds Trade
• 1 hrs Structured Leverage
• 3 hrs
• 3 hrs
• 9 hrs
• Curve Structure - Vol
• Market Moves
• Trading Game
How Index & Trades