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Enron Mail |
Sally,
overview of programme elements as requested. Let me know if you have any questions or want further details. Tim VALUE AT RISK The Value at Risk (VaR) seminar is designed to introduce participants to this important concept. An understanding of VaR is rapidly becoming an integral business need. The first session of this seminar provides participants with a comprehensive review of statistics, these being the primary building block of VaR itself. The program then moves on to identify examples of the context in which clients are using VaR in their business decisions. Participants will gain an understanding of the interrelationship of the many factors that make VaR a dynamic and strategic tool. The program ends with a "hands on" experience of making a simple VaR calculation. Participants attending this seminar will be able to: Give a precise definition of Value at Risk Describe how VaR is changing the way companies evaluate risk in their businesses Discuss how these changing views of risk will impact the use of hedging products Recognize why companies are implementing VaR Explain the key factors in calculating VaR Understand the need to categorize risk into "Risk Buckets" Define the standardizing practice of Risk Mapping Illustrate a simple VaR model and accurately discuss the modeling process Calculate a simple two product VaR number Demonstrate the difference between the Historical, Monte Carlo and Risk Metrics approaches to VaR Evaluate the impact of correlation on the calculation of VaR Understand the application and importance of stress testing
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