$1,999

Commodity Credit Risk & Counterparty Exposure

Course
179 Lessons

Master counterparty credit risk in commodity trading: current exposure, netting and master agreements, collateral and CSAs, Monte Carlo PFE, limits and pre-trade controls, wrong-way risk, margin and liquidity stress, and default close-out. Full Details and Brochure - durgaanalytics.com/trainings/commodity-credit-risk Know the exposure. Model the future. Defend the decision.

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Module 00 - Commodity Credit Risk Desk Primer (Chapters 01–08)

1. What a Commodity Credit Risk Function Actually Does.m4a

2. Front Office → ETRM → Credit Engine → Credit Decision.m4a

3. Counterparty Risk vs Market Risk.m4a

4. Current Exposure, Future Exposure and Settlement Exposure.m4a

5. Anatomy of a Commodity Credit Decision.m4a

6. Credit Limits and Risk Appetite.m4a

7. From Trade Approval to Exposure Monitoring.m4a

8. End-to-End Commodity Credit Operating Model.m4a

Module 00 - Commodity Credit Risk Desk Primer.mp4

Module 00 - Commodity Credit Risk Desk Primer.chapters.txt

Module 00 - Commodity Credit Risk Desk Primer.png

Module 01 - Counterparty & Credit Structure (Chapters 09–20)

9. Counterparty Legal Entities.m4a

10. Parent, Subsidiary and Credit Group Structures.m4a

11. Counterparty Types in Commodity Markets.m4a

12. External Credit Ratings.m4a

13. Internal Credit Rating Models.m4a

14. Financial Statement Analysis for Commodity Counterparties.m4a

15. Commodity Business Model Risk.m4a

16. Guarantees and Credit Support.m4a

17. Sovereign and Country Risk.m4a

18. Counterparty Onboarding and Credit Approval.m4a

19. Credit Review and Watchlist Management.m4a

20. Building the NorthStar Counterparty Credit Master.m4a

Module 01 - Counterparty & Credit Structure.mp4

Module 01 - Counterparty & Credit Structure.chapters.txt

Module 01 - Counterparty & Credit Structure.png

Module 02 - Trade MtM & Current Exposure (Chapters 21–32)

21. Why Mark-to-Market Creates Credit Exposure.m4a

22. Positive and Negative Replacement Value.m4a

23. Gas Forward Exposure.m4a

24. Power Forward Exposure.m4a

25. Oil and Refined-Product Exposure.m4a

26. LNG Transaction Exposure.m4a

27. Emissions and Environmental Product Exposure.m4a

28. Multi-Currency Commodity Exposure.m4a

29. Trade-Level to Counterparty-Level Aggregation.m4a

30. Settlement Exposure.m4a

31. Posted Collateral Return Exposure.m4a

32. Building NorthStar's Current Exposure Engine.m4a

Module 02 - Trade MtM & Current Exposure.mp4

Module 02 - Trade MtM & Current Exposure.chapters.txt

Module 02 - Trade MtM & Current Exposure.png

Module 03 - Netting & Master Agreements (Chapters 33–44)

33. Why Netting Changes Credit Risk.m4a

34. Netting Sets.m4a

35. ISDA Master Agreement Foundations.m4a

36. EFET General Agreement Foundations.m4a

37. NAESB and Other Commodity Agreements.m4a

38. Payment Netting.m4a

39. Close-Out Netting.m4a

40. Cross-Product Netting.m4a

41. Legal Opinions and Enforceability.m4a

42. Netting Failure Scenarios.m4a

43. Gross vs Net Exposure Analysis.m4a

44. Building the Netting Engine.m4a

Module 03 - Netting & Master Agreements.mp4

Module 03 - Netting & Master Agreements.png

Module 03 - Netting & Master Agreements.chapters.txt

Module 04 - Collateral & CSA (Chapters 45–58)

45. Why Collateral Exists.m4a

46. CSA Architecture.m4a

47. Thresholds.m4a

48. Minimum Transfer Amount.m4a

49. Independent Amount and Initial Margin Concepts.m4a

50. Variation Margin.m4a

51. Eligible Collateral.m4a

52. Haircuts and Valuation Adjustments.m4a

53. Margin Call Lifecycle.m4a

54. Margin Disputes.m4a

55. Collateral Settlement Risk.m4a

56. Collateral Optimization.m4a

57. Collateralized Exposure Calculation.m4a

58. Building NorthStar's Collateral Engine.m4a

Module 04 - Collateral & CSA.mp4

Module 04 - Collateral & CSA.chapters.txt

Module 04 - Collateral & CSA.png

Module 05 - Potential Future Exposure (Chapters 59–74)

59. Why Current Exposure Is Not Enough.m4a

60. Exposure Profiles Through Time.m4a

61. Commodity Price Dynamics for Credit Exposure.m4a

62. Monte Carlo Exposure Simulation.m4a

63. PFE Calculation.m4a

64. Expected Exposure.m4a

65. Peak PFE.m4a

66. Gas Portfolio PFE.m4a

67. Power Portfolio PFE.m4a

68. Oil and LNG PFE.m4a

69. Multi-Commodity Correlation.m4a

70. PFE Under Netting.m4a

71. PFE Under Collateral.m4a

72. Model Risk in PFE.m4a

73. PFE Sensitivity and Stress Testing.m4a

74. Building NorthStar's PFE Engine.m4a

Module 05 - Potential Future Exposure.mp4

Module 05 - Potential Future Exposure.chapters.txt

Module 05 - Potential Future Exposure.png

Module 06 - Credit Limits & Pre-Trade Controls (Chapters 75–86)

75. Credit Limit Architecture.m4a

76. Exposure Measures Used for Limits.m4a

77. Limit Utilization.m4a

78. Incremental Exposure.m4a

79. Pre-Deal Credit Checking.m4a

80. Tenor Limits.m4a

81. Product and Commodity Limits.m4a

82. Settlement Limits.m4a

83. Temporary Limit Increases.m4a

84. Limit Breaches.m4a

85. Limit Overrides and Governance.m4a

86. Building the Pre-Trade Credit API.m4a

Module 06 - Credit Limits & Pre-Trade Controls.mp4

Module 06 - Credit Limits & Pre-Trade Controls.chapters.txt

Module 06 - Credit Limits & Pre-Trade Controls.png

Module 07 - Wrong-Way & Concentration Risk (Chapters 87–98)

87. Understanding Wrong-Way Risk.m4a

88. General Wrong-Way Risk.m4a

89. Specific Wrong-Way Risk.m4a

90. Producer Wrong-Way Risk.m4a

91. Utility Wrong-Way Risk.m4a

92. Industrial Consumer Wrong-Way Risk.m4a

93. LNG Counterparty Wrong-Way Risk.m4a

94. Geographic Concentration.m4a

95. Sector Concentration.m4a

96. Correlated Default Scenarios.m4a

97. Wrong-Way Risk Metrics and Controls.m4a

98. NorthStar Wrong-Way Risk Case.m4a

Module 07 - Wrong-Way & Concentration Risk.mp4

Module 07 - Wrong-Way & Concentration Risk.chapters.txt

Module 07 - Wrong-Way & Concentration Risk.png

Module 08 - Margin, Liquidity & Stress (Chapters 99–108)

99. Credit Risk Meets Liquidity Risk.m4a

100. Commodity Margin Mechanics.m4a

101. Margin-at-Risk.m4a

102. Commodity Price Shock Stress.m4a

103. Volatility and Correlation Stress.m4a

104. Collateral Liquidity Stress.m4a

105. Counterparty Downgrade Stress.m4a

106. Reverse Stress Testing.m4a

107. Integrated Credit_Liquidity Dashboard.m4a

108. Crisis Credit Governance.m4a

Module 08 - Margin, Liquidity & Stress.mp4

Module 08 - Margin, Liquidity & Stress.chapters.txt

Module 08 - Margin, Liquidity & Stress.png

Module 09 - Default & Close-Out (Chapters 109–118)

109. Early Warning Indicators.m4a

110. Credit Watchlists.m4a

111. Events of Default.m4a

112. Trading Freeze and Exposure Containment.m4a

113. Close-Out Valuation.m4a

114. Net Close-Out Amount.m4a

115. Replacement and Hedging Costs.m4a

116. Recovery and Loss Given Default.m4a

117. Default Post-Mortem.m4a

118. NorthStar Counterparty Default Simulation.m4a

Module 09 - Default & Close-Out.mp4

Module 09 - Default & Close-Out.png

Module 09 - Default & Close-Out.chapters.txt

Module 10 - ETRM, Data & Credit Technology (Chapters 119–124)

119. ETRM as the Credit Exposure Source.m4a

120. Credit Risk Data Model.m4a

121. Batch vs Intraday Exposure.m4a

122. Credit Calculation Architecture.m4a

123. Credit Data Quality & Reconciliation.m4a

124. Building the NorthStar Credit Platform.m4a

Module 10 - ETRM, Data & Credit Technology.mp4

Module 10 - ETRM, Data & Credit Technology.png

Module 10 - ETRM, Data & Credit Technology.chapters.txt

Module 11 - NorthStar Counterparty Crisis Capstone (Chapters 125–130)

125. The Counterparty Crisis Begins.m4a

126. Reconstruct the Portfolio.m4a

127. Recalculate PFE, Collateral & Limits.m4a

128. Apply Wrong-Way and Stress Scenarios.m4a

129. Senior Credit Committee Decision.m4a

130. Default, Survival or Recovery_ Final Credit Case.m4a

Module 11 - NorthStar Counterparty Crisis Capstone.mp4

Module 11 - NorthStar Counterparty Crisis Capstone.chapters.txt

Module 11 - NorthStar Counterparty Crisis Capstone.png

Module PDFs and Labs

Module_01_Counterparty_And_Credit_Structure_FULL_DurgaAnalytics.pdf

Module_02_Trade_MtM_And_Current_Exposure_FULL_DurgaAnalytics.pdf

Module_06_Credit_Limits_And_Pre-Trade_Controls_FULL_DurgaAnalytics.pdf

Module_04_Collateral_And_CSA_FULL_DurgaAnalytics.pdf

Module_00_Commodity_Credit_Risk_Desk_Primer_FULL_DurgaAnalytics.pdf

Module_08_Margin,_Liquidity_And_Stress_FULL_DurgaAnalytics.pdf

Module_03_Netting_And_Master_Agreements_FULL_DurgaAnalytics.pdf

Module_11_NorthStar_Counterparty_Crisis_Capstone_FULL_DurgaAnalytics.pdf

Module_10_ETRM,_Data_And_Credit_Technology_FULL_DurgaAnalytics.pdf

Module_09_Default_And_Close-Out_FULL_DurgaAnalytics.pdf

Module_07_Wrong-Way_And_Concentration_Risk_FULL_DurgaAnalytics.pdf

Module_05_Potential_Future_Exposure_FULL_DurgaAnalytics.pdf

Lab_NorthStar_Credit_Estate.zip