$1,999

Commodity Product Control, P&L Explain & Valuation Control

Course
155 Lessons

Master commodity product control: daily P&L production, realised and unrealised, new-deal and amendment effects, curve and basis movement, FX, Greeks, reserves, independent price verification, valuation control and the reconciliation that lets a desk close the day.

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Module 00 - Commodity Product Control Desk Primer (Chapters 01–08)

Module 00 - Commodity Product Control Desk Primer.mp4

1. What Commodity Product Control Actually Does.m4a

2. Trader → ETRM → Valuation → P&L → Product Control.m4a

3. What P&L Actually Represents.m4a

4. Front Office P&L vs Official P&L.m4a

5. Anatomy of a Daily P&L.m4a

6. Daily, MTD and YTD P&L.m4a

7. Product Control Materiality and Escalation.m4a

8. NorthStar Product Control Operating Model.m4a

Module 01 - Trade, Position & Valuation Foundations (Chapters 09–20)

Module 01 - Trade, Position & Valuation Foundations.mp4

9. Trade Population.m4a

13. Physical vs Financial Positions.m4a

11. Trade Lifecycle Events.m4a

12. Commodity Position Fundamentals.m4a

18. Position-Level MtM.m4a

16. Discounting and Currency.m4a

17. Trade-Level MtM.m4a

15. Market Data Hierarchy.m4a

14. Valuation Date and Market Cut.m4a

20. NorthStar Controlled Valuation Population.m4a

19. Valuation Versioning.m4a

10. Books, Portfolios and Desk Hierarchies.m4a

Module 02 - Daily P&L Mechanics (Chapters 21–34)

21. Beginning-of-Day and End-of-Day Value.m4a

22. Unrealized P&L.m4a

27. Terminated and Amended Trade P&L.m4a

26. Day-1 P&L.m4a

28. Settlement P&L.m4a

23. Realized P&L.m4a

25. New Deal P&L.m4a

24. Cash P&L vs Mark-to-Market P&L.m4a

30. Fees, Brokerage and Transaction Costs.m4a

29. Physical Delivery P&L.m4a

33. Daily P&L Waterfall.m4a

31. Accruals.m4a

32. Prior-Period Adjustments.m4a

34. Building NorthStar's Daily P&L Engine.m4a

Module 02 - Daily P&L Mechanics.mp4

Module 03 - Market Movement & Curve P&L Explain (Chapters 35–50)

47. Emissions Curve P&L.m4a

48. Cross-Commodity Spread P&L.m4a

46. LNG Curve P&L.m4a

42. Peak_Off-Peak P&L.m4a

45. Physical Differential P&L.m4a

41. Power Baseload P&L.m4a

44. Oil Outright P&L.m4a

43. Hourly Shape P&L.m4a

37. Yesterday's Position vs Today's Position.m4a

50. NorthStar Curve Explain Engine.m4a

35. What P&L Explain Is Trying to Solve.m4a

40. Gas Basis P&L.m4a

49. Curve Roll and Carry.m4a

38. Yesterday's Curve vs Today's Curve.m4a

36. Price × Position Explain.m4a

39. Gas Outright Curve P&L.m4a

Module 03 - Market Movement & Curve P&L Explain.mp4

Module 04 - FX, Greeks & Nonlinear P&L (Chapters 51–64)

64. NorthStar Nonlinear P&L Engine.m4a

61. Asian and Averaging Structures.m4a

62. Swing and Flexible-Volume Structures.m4a

63. Greek Explain Residual Analysis.m4a

56. Theta P&L.m4a

60. Option Exercise and Expiry.m4a

55. Vega P&L.m4a

57. Rho and Discounting Effects.m4a

52. Commodity vs FX Cross Effects.m4a

59. Volatility Surface Movement.m4a

58. Cross-Gamma and Correlation Effects.m4a

54. Gamma P&L.m4a

51. FX Translation P&L.m4a

53. Delta P&L.m4a

Module 04 - FX, Greeks & Nonlinear P&L.mp4

Module 05 - Physical Commodity P&L (Chapters 65–80)

66. Inventory P&L.m4a

68. Storage P&L.m4a

69. Pipeline Transport P&L.m4a

65. Why Physical P&L Is Harder.m4a

67. Inventory Cost Basis.m4a

74. Refined Product Inventory P&L.m4a

75. LNG Cargo P&L.m4a

76. Freight P&L.m4a

77. Quality and Specification P&L.m4a

71. Power Volume P&L.m4a

72. Renewable Shape and Profile P&L.m4a

79. Physical Cost Accrual True-Up.m4a

73. Crude Cargo P&L.m4a

80. NorthStar Physical P&L Engine.m4a

78. Quantity Reconciliation P&L.m4a

70. Gas Imbalance P&L.m4a

Module 05 - Physical Commodity P&L.mp4

Module 06 - Independent Price Verification & Valuation Control (Chapters 81–92)

83. Independent Source Matching.m4a

82. Price Testing Hierarchy.m4a

86. Price Testing for Physical Differentials.m4a

81. What Independent Price Verification Actually Does.m4a

85. Illiquid Price Testing.m4a

88. Model Input IPV.m4a

84. Bid_Offer Testing.m4a

89. IPV Thresholds.m4a

87. Volatility IPV.m4a

90. IPV Exceptions.m4a

91. IPV Adjustment Calculation.m4a

92. NorthStar IPV Platform.m4a

Module 06 - Independent Price Verification & Valuation Control.mp4

Module 07 - Valuation Reserves & Adjustments (Chapters 93–104)

101. Reserve Release.m4a

102. Reserve Attribution.m4a

103. Reserve Governance.m4a

95. Liquidity Reserve.m4a

94. Bid_Offer Reserve.m4a

96. Model Risk Reserve.m4a

99. Day-1 P&L Reserve.m4a

104. NorthStar Valuation Adjustment Engine.m4a

100. Operational and Physical Valuation Adjustments.m4a

98. Concentration Reserve.m4a

97. Price Uncertainty Reserve.m4a

93. Why Valuation Reserves Exist.m4a

Module 07 - Valuation Reserves & Adjustments.mp4

Module 08 - Reconciliation & Control (Chapters 105–116)

105. Why Reconciliation Is a Control.m4a

106. Front Office vs Product Control P&L.m4a

109. Market Data and P&L vs Risk Reconciliation.m4a

108. Derivative Asset and Liability Balances.m4a

107. Trade and Position Reconciliation.m4a

110. ETRM vs General Ledger Bridge.m4a

116. NorthStar Books and Records Control Centre.m4a

113. Inventory Reconciliation and Balance Substantiation.m4a

115. Break Classification, Ageing and Escalation.m4a

112. Realized P&L vs Cash Reconciliation.m4a

114. Suspense, Control Accounts and Journal Governance.m4a

111. Balance Sheet Substantiation.m4a

Module 08 - Reconciliation & Control.mp4

Module 09 - Daily Sign-Off, Month-End & Governance (Chapters 117–122)

121. P&L Certification and Governance Committees.m4a

122. Backtesting Product Control.m4a

118. Desk Commentary.m4a

117. Daily P&L Sign-Off.m4a

120. Month-End Close.m4a

119. Flash vs Final P&L.m4a

Module 09 - Daily Sign-Off, Month-End & Governance.mp4

Module 10 - Product Control Data & Technology (Chapters 123–126)

126. Building the NorthStar Product Control Platform.m4a

124. Event-Driven P&L Architecture.m4a

125. P&L Explain Calculation Services.m4a

123. Product Control Canonical Data Model.m4a

Module 10 - Product Control Data & Technology.mp4

Module 11 - NorthStar P&L Crisis Capstone (Chapters 127–130)

127. The €18.4M P&L Day.m4a

128. Reconstruct and Explain the P&L.m4a

129. Challenge Valuation, IPV and Reserves.m4a

130. Product Control Committee Sign-Off.m4a

Module 11 - NorthStar P&L Crisis Capstone.mp4

Module PDFs and Labs

Module_00_Desk_primer_DurgaAnalytics.pdf

Module_01_Population_and_valuation_DurgaAnalytics.pdf

Module_02_Daily_PandL_mechanics_DurgaAnalytics.pdf

Module_03_Market_movement_and_curve_explain_DurgaAnalytics.pdf

Module_04_Non-linear_and_FX_explain_DurgaAnalytics.pdf

Module_05_Physical_and_inventory_control_DurgaAnalytics.pdf

Module_06_Price_verification_DurgaAnalytics.pdf

Module_07_Valuation_adjustments_DurgaAnalytics.pdf

Module_08_Books,_records_and_substantiation_DurgaAnalytics.pdf

Module_09_Governance_and_sign-off_DurgaAnalytics.pdf

Module_10_Systems_and_automation_DurgaAnalytics.pdf

Module_11_Capstone_DurgaAnalytics.pdf

NorthStar_ProductControl_Labs.zip