derivatives i training course - june 4 th and 5 th we will be offering derivatives i training on - site . if you are interested in attending , please let amy fitzpatrick know no later than may 21 st . derivatives i - applied energy derivatives presented by paradigm strategy group date : monday , june 4 th and tuesday , june 5 th time : 8 : 00 am to 5 : 00 pm this course is appropriate for all employees wishing to obtain a practical understanding of the basic natural gas and power derivative structures that are traded and marketed today . an emphasis is placed on understanding how financial tools are added to physical structures to meet the risk management needs of clients . participants attending this seminar will be able to : formulate customer hedge strategies based on a solid understanding of risk ; its impact on capital structures and approaches to its mitigation . develop and interpret forward prices in the context of arbitration disciplines , as well as understand the divergences from these disciplines that are characteristic of energy prices . identify marketing opportunities through an understanding of both the forward curve and the distortions created by the physical system of production and transportation . assemble the pricing of a transaction from a benchmark price curve . devise cost - reducing deal structures for gas storage from an understanding of price curves and their components . exploit differences in locational pricing with insights into the relationship between basis and transportation / transmission . structure a natural gas and power swap to hedge a company ' s risk position , explaining its risks and benefits as a risk management tool . price a swap from the price curve and customize the structure to meet various customer needs including earnings , cash flow and embedded financing . apply basis swaps to either mitigate locational risk or to achieve a more favorable risk / reward position by altering the index location . attain a fluency in language concepts and hedging application of options . package strips of options to create caps , floors and zero - premium collars . create structures that provide energy users with sub - index pricing using embedded options . recognize options embedded in common supply contracts and their pricing implications , including swing , double - ups and index contracts with maximum prices , etc .