EVENT
OBSTACLES TO TRADING
September 26th 2019, 16:15-18:30
Venue: Hotel Pestalozzi, Piazza Indipendenza 9, 6900 Lugano (Switzerland)
Presentation by:
Partners of EELA (European Energy Lawyers Association)
Michaela Duve – Paul Johnson – Olli Mellman
PROGRAM
16.15 REGISTRATION
16.30 INTRODUCTION
Opening Introduction Trading Obstacles Workshop
- Regulatory Part (delivered by Michaela Duve and Olli Mellman)
- Brief overview of regulation affecting a Swiss based commodity trader in Switzerland, the EU, Singapore and the United States
- Special update on new regulations in Switzerland
- Impact of REMIT on Swiss traders for LNG, natural gas and power trading
- Overview of the operational impact of current sanction regimes for Swiss based traders
- Special focus on metals trading (delivered by Paul Johnson)
OFAC Sanctions applicable to LME warranted metals in practice: Issues & solutions
- Outline of OFAC sanctions applicable to physical metals trading and delivery
- Physical trades, and maturing long futures positions (incl LME, ICE)
- Sanctioned jurisdictions for LME deliverable metal brands/warrants
- Sanctioned vessel ownership / beneficial ownership (C&F and FOB deliveries)
Physical deliveries relating to precious metals – gold, gold dore, platinum and palladium ores: Issues & Solutions
- Sanctions issues in relation to precious metals, ores, refining precious metals and crediting of unallocated gold by location
- Air transport and cargo insurance issues
Questions and Answers
18.30 DRINKS AND NETWORKING WITH THE PARTICIPANTS