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The London Metal Exchange (LME) has confirmed a programme of Introductory Training Courses to provide an in-depth understanding of the workings of the Exchange and how its contracts can protect and add value to your business. They are designed to give a perspective of the role of the Exchange and provide attendees with a solid understanding of market processes, pricing, hedging and delivery.
The training courses will help the plastics industry to understand how hedging can help organisations to better deal with their polymer price risk, and therefore better manage cash flow and protect margins. In addition, they will explore the benefits of regional contracts and additional prompt dates, and their implications on trading.
Courses offered:
- Introduction to the LME. Day one of the LME Introductory Training Course is ideal for delegates looking for a solid introduction to the LME. The course is designed to provide an in-depth overview of the London Metal Exchange, its operation, structure, products, services and trading procedures. This course naturally progresses onto day two, Introduction to Hedging with Futures. Click here to view the programme and to book your place online.
- Introduction to Hedging with Futures. Day two of the LME Introductory Training Course is ideal for delegates with little or no knowledge of non-ferrous metals and plastics futures and the management of price risk on the LME. It aims to provide a thorough understanding of the basics of hedging with futures covering the market terminology, pricing, trading strategies and margining of LME futures contracts. Click here to view the programme and to book your place online.
Key reasons to attend:
- Learn about the advantages of pricing your physical transactions basis LME.
- Understand the workings of the LME and how its services can add value to your commercial transactions.
- Appreciate the purpose of the delivery mechanism on the LME and its relationship with your supply chain.
Who should attend?
These courses are designed to assist all those involved in pricing physical transactions in the plastics and metals industry and in assessing risk management tools. Among those that would benefit from attending are individuals working within the following business areas:
- Procurement
- Finance
- Risk management
- Treasury
- Sales and commercial
Industry Events
In addition to the programme of workshops detailed above, the Exchange is also participating in a number of plastics industry events and providing half-day hedging workshops alongside these events. A full list of these events for 2008 will appear here shortly.
LME Online Learning: Plastics
LME Online Learning for Plastics is a web-based, interactive educational module. It is designed to help those new to the LME to understand the importance of LME plastics pricing and the principles and benefits of hedging and price risk management. It includes practical, real-world examples on how hedging can help the plastics industry protect against volatile price movements and the damaging effects these movements have on margins and cash flow.
The module is broken down into small, bite-sized sections which the user can access and view at their leisure, either as a complete module or as individual sections. Access to LME Online Learning is free, users simply have to register in advance in order to access the module.
Click here to access the LME Online Learning module.
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