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Course recap of the Friday 23 rd of September

Course recap of the Friday 23 rd of September. Overview of the presentation. 1 st presentation : Daniel Loeffler – Promotion économique 2 nd presentation : Ina Stumpe – Litasco Remind of the code of conduct Trading vocabulary list.

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Course recap of the Friday 23 rd of September

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  1. Course recap of the Friday 23rd of September Sophie Stampfli, Céline Vo and Sylvain Morel

  2. Overview of the presentation • 1stpresentation : Daniel Loeffler – Promotion économique • 2ndpresentation : Ina Stumpe– Litasco • Remind of the code of conduct • Trading vocabulary list Sophie Stampfli, Céline Vo and Sylvain Morel

  3. 1st presentation : Daniel Loeffler – Promotion économique (1) • The mission of the company is : • To attract foreign companies • To collaborate with other cantons • « Conditions » to start a company • Different phases implicated by the promotion of foreign directing investment : • Exploration phase • Implementation phase • Animation of the network Sophie Stampfli, Céline Vo and Sylvain Morel

  4. 1st presentation : Daniel Loeffler – Promotion économique (2) • Attractivity of Geneva : • Attractive framework conditions • Quality of life with efficient infrastructures • Highly skilled with a multilingual workforce • Values linked to Switzerland • 34,000 people in financial sector and 6,000 in trading industry • Geneva and tradingactivities • Heart of Europe • Easyaccess and International airport • Hosts global commoditiesevents • Competitive frameworks conditions Sophie Stampfli, Céline Vo and Sylvain Morel

  5. 1st presentation : Daniel Loeffler – Promotion économique (3) • 2009 – crisis year • Interesting year • Prospection on the US market slowed down • Growth of prospection in China • Tax for higher revenues in England • 2011 – debt crisis • Strong Swiss Franc • European pressure on Swiss taxes • Uncertainty Sophie Stampfli, Céline Vo and Sylvain Morel

  6. 2nd presentation : Ina Stumpe – Litasco (1) • About Litasco • Belongs to Lukoil • International oil trading and supply company • Founded in 2000 in Switzerland • Litasco value add area • Shore tanks • Sea transport • Delivered to end customers Sophie Stampfli, Céline Vo and Sylvain Morel

  7. 2nd presentation : Ina Stumpe – Litasco (2) • Trading • A changing environment • A consequence of regional demand and supply imbalances • Producers vs consumers • 2 quotations for the oil barrel • The European quotation : Brent ($ 110) • The American quotation : WTA ($ 85) • 3 typologies of companies • Only trading focused • With an asset base • Financial houses Sophie Stampfli, Céline Vo and Sylvain Morel

  8. Remind of the code of conduct • Respect for guest lecturers • Late arrival, please come after break time • Laptops cannot be used during in the class • Take notes and ask questions to speakers • More than 10% absenteeism will be penalized • Absences must be excused Sophie Stampfli, Céline Vo and Sylvain Morel

  9. Trading vocabulary list • Hedging : reducing or controlling risk • Spot market : commodities or securities market in which goods are sold for cash and delivered immediately • Incoterms (International Commercial terms) :rules that govern international trading terms in respect of delivery and insurance • WTI (West Texas Intermediate) : type of crude oil used as a benchmark in oil pricing • Pipeline : along pipe, typically underground, for conveying oil, gas… over long distances Sophie Stampfli, Céline Vo and Sylvain Morel

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