Our Labels     Entrima   Market Abuse Centre

Marking the Close

Marking the close concerns a form of market manipulation. It concerns the manipulation of reference prices, such as settlement prices, indices or markers, which are used as reference to settle contracts, like commodity supply agreements of financial instruments, such as cash settled derivatives. Manipulation of a reference price would imply that invoicing takes place on an incorrect price reference. Analogously, positions are valuated in an incorrect way. However, regulations which prohibit market abuse in financial markets aim to protect investors, while regulations which prohibit market abuse in commodity and energy markets aim to protect consumers.

This series of courses covers the following videos:

1. Price positioning – Introduction
2. Price positioning – When and where?
3. Marking the close – Introduction
4. Settlement of commodity supply contacts
5. Settlement of derivatives contracts
6. Valuation of contracts
7. Markers
8. Marking references
9. Mistakes
10. Benchmarks
11. The LIBOR scandal
12. Conflicts of interest
13. Corporate policy
14. Example
15. Trigger
16. Choice market
17. Susupicious timing

Testimonials

“MAC’s courses are very suitable for our employees; good quality content is what we look for.”

Rob Veersma
Director Training & Development
Gazprom International Training
“Really well structured and easy to follow content that is varied in delivery in order to keep the reader engaged. Looking forward to seeing more from the MAC in the future!”

Erika Rabadia
Manager Trading Surveillance
Shell
 

Our Labels

Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide learning services for professionals in the commodity & energy markets.
 
 


Content & Context

Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

www.entrima.org


Conduct & Culture

MAC’s mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.

www.marketabusecentre.com
 

More information?
Download our Course Guide

About

Market Abuse Centre facilitates prevention & detection of misconduct. We set learning standards for minimum required knowledge and provide training accordingly.

Courses

We offer a comprehensive curriculum of online self-study training courses regarding a wide variety of topics.

Overview of our Courses

Contact

For more information please contact us on mac@marketabusecentre.com
Address
Beursplein 5
1012 JW Amsterdam
Chamber of Commerce
32071597
VAT number
NL853464893B01
Bank Account
IBAN NL25ABNA0828446555