Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk...

34
Bavaria Commodity Risk Management June 2017

Transcript of Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk...

Page 1: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Bavaria

Commodity Risk Management June 2017

Page 2: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
https://youtu.be/KhG85i4hMjQ
https://youtu.be/KhG85i4hMjQ
Page 3: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 4: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 5: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 6: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 7: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 8: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 9: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 10: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 11: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Which Risk is Highest ?

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 12: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 13: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 14: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

< Risk ? > Risk ?

Europeans stop massive cash in old socks

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 15: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Game Money

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 16: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 17: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 18: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Enterprise Risk

CommodityMarket Risk

OperationalRisk

Regulatorycompliance

CapitalManagement

Credit Risk

RISK - BAVARIA

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 19: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Enterprise Risk

CommodityMarket Risk

OperationalRisk

Regulatorycompliance

CapitalManagement

Credit Risk

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 20: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Raw Materials

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 21: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Packaging

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 22: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Energy

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 23: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

How do we manage these

Risks

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 24: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Fysical Financial

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 25: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

MARKET

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 26: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Fear Factor

Supply andDemand

Weather

World Market

FX exchange

Sentiment Suppliers /

Farmers

MARKET

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 27: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Technical

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 28: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

6 sigma

Volume

Technical

Value

Bandwidth

Period

Technical

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 29: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Abdominalfeeling

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 30: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

From To

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 31: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Automatic ok but always hand control

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 32: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

If we are blind

to the past

we are at risk

of being caught

by the future

Be brave and take risks

Nothing can replace

experience

An idea without risk

does not deserve to be

called an idea

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
Page 33: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

Yes or No coverage of a

position,risks are always

taken

http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
http://www.google.nl/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi4zL-zg5_LAhUiDZoKHViYC8sQjRwIBw&url=http://www.palm.be/&bvm=bv.115339255,d.ZWU&psig=AFQjCNGkyTCvAj_V327tqrNTlSv-6nqXtw&ust=1456905852013090
https://www.youtube.com/watch?v=lrCOIRGpeeM
Page 34: Bavaria Commodity Risk Management - KYOS€¦ · Risk Commodity Market Risk Operational Risk Regulatory compliance Capital Management Credit Risk RISK - BAVARIA. Enterprise Risk Commodity

ISM paper on Commodity Risk

ISM paper on Commodity Risk

Commodity Financialization: Risk Sharing and Price ... · Commodity Financialization: Risk Sharing and Price Discovery in Commodity Futures Markets Itay Goldstein and Liyan Yang February

Commodity Financialization: Risk Sharing and Price ... · Commodity Financialization: Risk Sharing and Price Discovery in Commodity Futures Markets Itay Goldstein and Liyan Yang February

Strategic Implications of Commodity Risk - … Implications of Commodity Risk Optimizing Business Strategy in Light of the Commodity Risk Faced by Electric and Natural Gas Companies

Strategic Implications of Commodity Risk - … Implications of Commodity Risk Optimizing Business Strategy in Light of the Commodity Risk Faced by Electric and Natural Gas Companies

Credit Risk Commodity Producers

Credit Risk Commodity Producers

strategic commodity risk management

strategic commodity risk management

Managing commodity risk through market uncertainty

Managing commodity risk through market uncertainty

Convective Risk Flows in Commodity Futures Marketswebuser.bus.umich.edu/ingcheng/RiskConvection.pdf · Convective Risk Flows in Commodity Futures Markets Ing-Haw Cheng†, Andrei

Convective Risk Flows in Commodity Futures Marketswebuser.bus.umich.edu/ingcheng/RiskConvection.pdf · Convective Risk Flows in Commodity Futures Markets Ing-Haw Cheng†, Andrei

Commodity Trading and Risk Management Systems Overview

Commodity Trading and Risk Management Systems Overview

COMMODITY RISK, ITS MANAGEMENT & DISCLOSURES

COMMODITY RISK, ITS MANAGEMENT & DISCLOSURES

Commodity Finance Risk Mgt FYoussef.ppt

Commodity Finance Risk Mgt FYoussef.ppt

Commodity trade and international risk sharing

Commodity trade and international risk sharing

THE ECONOMICS OF COMMODITY TRADING FIRMS...commodity trading ii. the risks of commodity trading iii. risk management by commodity trading firms iv. commodity firm financing, capital

THE ECONOMICS OF COMMODITY TRADING FIRMS...commodity trading ii. the risks of commodity trading iii. risk management by commodity trading firms iv. commodity firm financing, capital

Managing Commodity Risk

Managing Commodity Risk

Valuation of Counterparty Risk for Commodity Derivatives

Valuation of Counterparty Risk for Commodity Derivatives

Soloverview Commodity Risk Management

Soloverview Commodity Risk Management

COMMODITY RANKINGS 2015 - Axpo Holding · reprinted from commodity risk management & trading commodity rankings 2015 risk.net february 2015

COMMODITY RANKINGS 2015 - Axpo Holding · reprinted from commodity risk management & trading commodity rankings 2015 risk.net february 2015

Financial Instruments to Hedge Commodity Price Risk for ... · Financial Instruments to Hedge Commodity Price ... to Hedge Commodity Price Risk for Developing Countries ... markets

Financial Instruments to Hedge Commodity Price Risk for ... · Financial Instruments to Hedge Commodity Price ... to Hedge Commodity Price Risk for Developing Countries ... markets

Quantifying Sourcing Risk: Building Commodity Risk Ratings to Mitigate Geopolitical Uncertainty, Commodity Volatility, and Conflict Minerals Risk

Quantifying Sourcing Risk: Building Commodity Risk Ratings to Mitigate Geopolitical Uncertainty, Commodity Volatility, and Conflict Minerals Risk

COMMODITY RISK MANAGEMENT & HEDGING POLICY Commodity Risk... · Commodity price and foreign exchange risk will be measured by determining the sensitivity of cash ... the commodity

COMMODITY RISK MANAGEMENT & HEDGING POLICY Commodity Risk... · Commodity price and foreign exchange risk will be measured by determining the sensitivity of cash ... the commodity

Managing Commodity Price Risk with Futures & Options

Managing Commodity Price Risk with Futures & Options