Course details

Dates are currently being finalised. Get in touch to find out more
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VAT on Virtual and Online Programmes

VAT is applicable on virtual programmes to delegates attending from the UK*. If participating from the EU, a valid VAT number is required to ensure VAT will not be charged under the reverse charge mechanism. VAT is not applicable to attendees from all other countries.
*For virtual courses ran through our Asia office, VAT may be applicable to HK and Singapore residents only. Find out more by contacting learning@euromoney.com

 

Claiming Back Your VAT

All attendees of a London based course incur VAT as a part of the cost of attendance.

Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.

Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.


Claim the VAT that's rightfully yours in four simple steps:

1. Register your interest

2. Sign a few simple documents

3. VAT IT processes your claim

4. Receive your refund




Why choose VAT IT 

VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.

VAT IT will charge a percentage of the VAT refund if/when it is successful. 


Can I claim back the VAT myself?

You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form. 
For European clients, please refer to form VAT 65
All other clients, please refer to form VAT 65A.

 

You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.

Introduction to the London Metal Exchange and Hedging: Three Days

Understand core services of pricing, hedging & delivery with LME
  • Day 1

    • History, organisation and primary services of the LME
    • Pricing methodology
    • Introduction to hedging
    • Prompt date structure and other LME terminology
    • LME contracts
    • Warehousing and fundamentals of delivery
    • Trading at the LME and trading floor visit*
    • Understanding the role of an LME broker/dealer
    • Clearing and LME Clear
    • Regulation of the LME
    *Visit applicable for London courses.

     

    Day 2

    • Overview of the LME market
    • Basic concepts, uses and benefits of hedging with futures
    • Introduction to risk and price volatility
    • Long, short, transactional, and strategic hedges
    • Costs of hedging
    • Carries
    • Using the right hedging instrument
    • Hedging with Monthly Average Futures
    • Hedging workshops

     

    Day 3

    • Basic concepts, uses and benefits of hedging with an options contract
    • Options terminology
    • Put and call options
    • Risk implications and motives
    • Hedging futures vs. options
    • TAPOs
    • Options workshops
    • Option pricing
    • Hedging combinations
    • Zero cost strategies

     

    Learning Outcomes

    • Become familiar with the LME's prompt date structure and trading procedures
    • Gain a full understanding of the LME's market terminology
    • Understand the benefits of the delivery process used by the LME
    • Gain and understanding of the role of LME Clear
    • Learn how to access the LME through member firms
    • Understand how effective price risk management can be achieved with LME services
    • Gain an understanding of the benefits of hedging with futures and options across all sectors of the industry

     

  • This course will take place over video conferencing technology.  To find out more, please contact learning@euromoney.com

    The course will be split into two distinct sessions each day, which will run on the below timings.    The course is designed to be fully interactive and student participation via video conferencing is recommended.


    Session 1 - 9am - 12.15pm

    Session 2 - 2pm - 5pm


    All times BST (British Summer Time)
     

    Day 1

    • History, organisation and primary services of the LME
    • Pricing methodology
    • Introduction to hedging
    • Prompt date structure and other LME terminology
    • LME contracts
    • Warehousing and fundamentals of delivery
    • Trading at the LME and trading floor visit*
    • Understanding the role of an LME broker/dealer
    • Clearing and LME Clear
    • Regulation of the LME
    *Visit applicable for London courses.

     

    Day 2

    • Overview of the LME market
    • Basic concepts, uses and benefits of hedging with futures
    • Introduction to risk and price volatility
    • Long, short, transactional, and strategic hedges
    • Costs of hedging
    • Carries
    • Using the right hedging instrument
    • Hedging with Monthly Average Futures
    • Hedging workshops

     

    Day 3

    • Basic concepts, uses and benefits of hedging with an options contract
    • Options terminology
    • Put and call options
    • Risk implications and motives
    • Hedging futures vs. options
    • TAPOs
    • Options workshops
    • Option pricing
    • Hedging combinations
    • Zero cost strategies

     

    Learning Outcomes

    • Become familiar with the LME's prompt date structure and trading procedures
    • Gain a full understanding of the LME's market terminology
    • Understand the benefits of the delivery process used by the LME
    • Gain and understanding of the role of LME Clear
    • Learn how to access the LME through member firms
    • Understand how effective price risk management can be achieved with LME services
    • Gain an understanding of the benefits of hedging with futures and options across all sectors of the industry

     

  • Our Tailored Learning Offering

    Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.

    If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

    We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

  • We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

    We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

    • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
    • Track record – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
    • Knowledge – our 100+ strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
    • Reliability – if we promise it, we deliver it. We have delivered over 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
    • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
This course can be run as an In-house or Tailored Learning programme

Instructor

  • Emma Jenkins

    My banking career started with modelling, pricing and structuring interest rate, FX and commodity derivatives. Now, I divide my time between consulting to commodity companies and delivering training courses in this area.

    Biography

    Emma has many years’ experience covering commodity markets, derivative pricing and structuring, and loan origination. After graduating from Trinity College, Dublin, with a BSc Hons, a gold medal and Foundation Scholarship in Mathematics, she commenced her banking career in the Goldman Sachs graduate program. After this, she joined Westpac Banking Corporation where she was responsible for the design and implementation of derivative pricing models for the interest rate and FX trading desks. She moved into the commodity arena when she joined Credit Suisse to market complex hedge structures in precious metals and associated financings. She later joined Macquarie Bank as a specialist commodity director, where she provided a complete banking service to clients in the base and precious metals, and oil and gas sectors. She is currently a director of a consulting business which specialises in commodity price risk management and related expert witness work. Her clients range from central banks and regulators, large miners, traders and manufacturers, wealth managers, through to small import/export businesses, thereby giving her a unique insight into the issues facing the many market participants.