NCDEX, IIM-A to offer short-term course on commodities

Will offer mgmt programme for senior executives on 'Commodity Risk Management' from December 7

One of the country's leading agricultural commodity derivatives exchanges, NCDEX, has collaborated with Indian Institute of Management, Ahmedabad (IIM-A) to offer a management programme for senior executives on 'Commodity Risk Management' from December 7-9, 2012 at the B-school's campus.

The short-term programme will throw light on how corporates and commodity value chain participants can successfully navigate the current commodity market situation by embedding effective risk management throughout their organisations.

MK Ananda Kumar, chief (corporate services), NCDEX, said: "The programme will provide senior management an exposure on the nature and extent of such risks at their firms and the tools that enable these risks to be managed effectively. The focus of the programme will be to take cognizance of the risks and enable the establishment of appropriate risk policy that can lay down the level of exposures permitted at an operating level, with necessary controls and reports to ensure the same.

 

"The maiden programme by NCDEX in association with IIM-A is a first-of-its-kind initiative to provide an inclusive programme for the industry, with an aim of widening the participation base. We have received an encouraging response from the industry. This strengthens our resolve to intensify these education efforts, which will not only create awareness about the need to hedge commodity risks but also build capacities in understanding how hedging can be done through commodity futures exchange," Kumar added.