21.02.2019
I thought I would start to share some of my experiences of the risk management “disasters” I have come across in commodity trading businesses and maybe help others identify the warning signs in their own environment. I will not name people or companies but will explain clearly what was being presented and what turned out to be the, usually expensive, reality.
Commodity trading companies work on a mark-to-market basis. What that means is that as well as having realised deals which have been received or delivered and invoiced or paid, there are many deals which will only be executed in the future. [Read More…]
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