Understand the importance of hedging properly and gain a framework for taking the first steps toward implementation.
Many corporations have shied away from hedging, not recognizing the financial risks and exposure they are taking by not doing so, believing prices will stay static or manageable. They have not properly evaluated the exposure they face. They also shy away from hedging because they are not knowledgeable about futures and options, believing these financial instruments are risky rather than perceiving them as an insurance policy to help mitigate risk. This presentation will help you recognize the importance of hedging properly and provide a framework for taking the first steps toward implementation. This workshop is critical for companies that might have acquired a business that now face new financial risks and exposures they may not have had before.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Determining Your Financial Risk Exposure and Optimal Risk Profile
- Analyze All Business Sectors and Timing of Purchase and Sales as Well as Inventory
- Include Raw Commodities Plus Fuel and Currency Exposure, If Applicable
- Consider Supply Chain Risks, Crop/Weather Risks, and Other Factors That Can Increase Price Exposure and Past Steps to Try to Mitigate This Risk (Supplier Contracts, Timing of Purchase, and Sales)
Examination of Corporate Policies and Guidelines
- Understand Corporate Governance, If Any, on What Is Permissible or Not and Seek Approvals
- Determine a Hierarchy for Control, Implementation, and Monitoring (Bank/Accounting Involvement)
- Will Hedging Be Done In-House or Sourced Out? Centralized Purchasing or by Business Unit
Evaluate Costs of Hedging vs. Not
- Determine Expected Outcomes in Transforming Unacceptable Risk to Acceptable Limits
- Decide on Realistic Objectives: How Much Risk Should Be Mitigated?
- Define Corporate Risk Tolerance So That It Aligns With Those Implanting a Strategy
Use the Right Measuring Stick to Evaluate Performance
- Understand Your Basis Risk (Cash Minus Futures)
- Consider Historical Market Volatility
- Examine Supplier Contracts and Timing of Price Fixations
Distinguish Between Hedging and Speculation
- Don't Over Hedge
- Be Disciplined and Consistent in the Approach and Policies of Strategies
- Consider a Dynamic Hedging Model to Take Advantage of Market Extremes
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on March 8, 2023.
Call 1-866-352-9540 for further credit information.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- HI CLE 1.0
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- NH MCLE 1.0
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 63 Minutes.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.0
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of A/V credit under the Law & Legal Procedure category.
- ISM 1.0
- Participants who successfully complete this program will receive 1.0 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Judith Ganes
J. Ganes Consulting
- President, J Ganes Consulting, LLC, and co-founder, Taka Insights, data analytics
- J Ganes Consulting focuses on providing commodity research, analytics, advisory services, and hedging workshops tailored for the food, beverage, and textile industries
- With nearly 40 years of expertise, 93 countries visited, and hundreds of speaking events around the world, Judy Ganes is a recognized subject matter expert in futures and options trading strategies and forecasting market prices
- Publishes five different subscription-based weekly and monthly reports
- Author of studies on the effect of La Niña and El Niño on key agricultural commodities, long-term outlooks on soluble coffee and industry trends, a comprehensive look at valuations through the supply chain of various commodities, case studies on the Ethiopian coffee sector, quarterly reports on the USA domestic sugar market, an annual state of the industry report for the Specialty Coffee Association, a monthly market outlook for the ICE Exchange, and numerous other reports
- Past President of the International Women’s Coffee Alliance, Senior Advisor of the Asian Coffee Association, and Honorary Judge for the Indonesian Coffee Cupping Competition
- Keynote speaker for 17 consecutive years at the African Coffee Association Symposium
- Certified Pastry Chef, former owner of a frozen yogurt franchise with development rights in Panama
- B.S. degree in marketing and management, State University of New York Albany, School of Business
- Can be contacted at [email protected], 914-301-6422, or WhatsApp 914-602-9483
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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