Université de Genève, Faculté des Science Économiques et Sociales, Section des Hautes Études Commerciales and Geneva Trading & Shipping Association

"Hedging Tools and Techniques Using Commodity Futures, Forwards, & Swaps" (February & June 2012)

Course Administration:

Problem Set (due March 18, 2012)

Lectures: (Note, Lectures 4-8 will be posted in June.)

Lecture 1: Introduction to Commodity Futures & Forwards

Lecture 2: The Basis & the Forward Curve

Lecture 3: Basis Relations in the U.S. Crude Oil Market

Lecture 4: Sources of Returns in Commodity Derivatives

Lecture 5: Hedge Ratios

Lecture 6: Commodity Swaps and Commodity Futures Strips

Lecture 7: Gold

Lecture 8: Structured Commodity Finance

Readings:

Lecture 1 Readings

Lecture 2 Readings

Lecture 4 Readings

Lecture 5 Readings

Lecture 6 Readings

Lecture 8 Readings