Titlebook: Energy Price Risk; Trading and Price Ri Tom James Book 2003 Palgrave Macmillan, a division of Macmillan Publishers Limited 2003 derivatives

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肥料

做作

OTC Derivatives Legal Risk Control and Documentation,iated derivatives industry and the so-called ‘ISDA Master Agreement’ provides the main legal framework for energy derivatives markets. There are some players in the market who may wish to use their own non-ISDA based agreement, but these days it is very rare to meet one.

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Anticoagulant

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Energy Derivatives Markets: On-Exchange and Off-Exchange, of their mistaken misuse or outright abuse by incompetent or ruthless individuals. Certainly, in the normal course of business life, derivatives are a prudent and, indeed, indispensable tool of price risk management.

慢慢沖刷

Value At Risk and Stress Testing, short. The results produced by a VAR model (and there are different types of VAR) is simple for all levels of staff from all areas of an organisation to understand and appreciate. That is why VAR has been adopted so rapidly across many industries.

背帶

Management Controls,investments in the Japanese futures markets made by one of its young investment officers, Nick Leeson. Many in the media blamed the disaster on the nature of derivatives themselves, but the real reason for the bank’s collapse was the complete lack of enforced management controls throughout the organisation.

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Book 2003ive experience in the commodity derivatives industry, it comprehensively covers the full spectrum of the energy complex, including crude oil, petroleum products, natural gas, LPG/LNG and electricity. Using many worked examples, this book offers practical insights and solutions.