SECTION 1: Energy & Commodities Market Fundamentals (1–20)

1. What Is an ETRM System?

2. Role of Openlink Endur in Energy and Commodities

3. Physical vs Financial Energy Trading

4. Core Market Participants (Traders, Utilities, ISOs, Producers)

5. Commodity Value Chains — Power, Gas, Oil, LNG, Renewables

6. Spot vs Forward Markets

7. Futures, Forwards & Options in Commodities

8. Physical Delivery & Nomination Cycles

9. Exchanges & Marketplaces (ICE, EEX, CME, NBP, TTF, PJM)

10. Indices & Pricing Sources (Platts, Argus, ICE Data)

11. Volatility, Curves & Seasonality in Energy

12. Regulatory Landscape (REMIT, EMIR, Dodd-Frank, MiFID II)

13. Risk Categories: Market, Credit, Operational, Liquidity

14. Lifecycle of an Energy Trade

15. Role of Risk & Operations Teams

16. Credit Limits, Margining, and Collateralization

17. Settlement & Invoicing Overview

18. Contract Structures (Swing, Take-or-Pay, PPA, Tolling)

19. Trading Systems Ecosystem (ETRM, CTRM, ERP, Risk Engines)

20. Why Openlink Endur v25 Remains the Market Leader

42 Lessons