SECTION ONE - Key Concepts to Understanding Risk
What is Risk?
Why Manage Risk?
The Concept of Hedging

SECTION TWO - Risk Management in Practice
Risk Management Product Summary
Forwards and Futures Contracts
The NYMEX Futures Market
• Natural Gas Futures
• Terminology in the Futures Market
• Futures Exercises
• Differences between Forwards & Futures
Basis
Exchange For Physicals (EFPs)
Triggers

SECTION THREE - Options, Caps, Floors & Collars
Options
• Physical Options
• NYMEX Options
• Embedded Options
• Option Exercises
Caps, Floors and Collars

SECTION FOUR - Swaps
Swaps
• Fixed-Float Index Swap
• NYMEX Swap
• Basis Swap
• Gas Daily Swap
• Cross Commodity Swap
• Spark Spread Swap

SECTION FIVE – Class Exercise

Training CLasses

Basics of Risk Management

1-½ Day Training Class Outline