Download or read book Commodity Risk Management and Development written by Donald F. Larson and published by . This book was released on 2016 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Risk Management in Commodity Markets written by Helyette Geman and published by John Wiley & Sons. This book was released on 2009-01-22 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodities represent today the fastest growing markets worldwide. Historically misunderstood, generally under- studied and under- valued, certainly under- represented in the literature, commodities are suddenly receiving the attention they deserve. Bringing together some of the best authors in the field, this book focuses on the risk management issues associated with both soft and hard commodities: energy, weather, agriculturals, metals and shipping. Taking the reader through every part of the commodities markets, the authors discuss the intricacies of modelling spot and forward prices, as well as the design of new Futures markets. The book also looks at the use of options and other derivative contract forms for hedging purposes, as well as supply management in commodity markets. It looks at the implications for climate policy and climate research and analyzes the various freight derivatives markets and products used to manage shipping and freight risk in a global commodity world. It is required reading for energy and mining companies, utilities’ practitioners, commodity and cash derivatives traders in investment banks, CTA’s and hedge funds
Download or read book Handbook of Multi Commodity Markets and Products written by Andrea Roncoroni and published by John Wiley & Sons. This book was released on 2015-02-19 with total page 1076 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Multi-Commodity Markets and ProductsOver recent decades, the marketplace has seen an increasing integration, not only among different types of commodity markets such as energy, agricultural, and metals, but also with financial markets. This trend raises important questions about how to identify and analyse opportunities in and manage risks of commodity products. The Handbook of Multi-Commodity Markets and Products offers traders, commodity brokers, and other professionals a practical and comprehensive manual that covers market structure and functioning, as well as the practice of trading across a wide range of commodity markets and products. Written in non-technical language, this important resource includes the information needed to begin to master the complexities of and to operate successfully in today’s challenging and fluctuating commodity marketplace. Designed as a practical practitioner-orientated resource, the book includes a detailed overview of key markets – oil, coal, electricity, emissions, weather, industrial metals, freight, agricultural and foreign exchange – and contains a set of tools for analysing, pricing and managing risk for the individual markets. Market features and the main functioning rules of the markets in question are presented, along with the structure of basic financial products and standardised deals. A range of vital topics such as stochastic and econometric modelling, market structure analysis, contract engineering, as well as risk assessment and management are presented and discussed in detail with illustrative examples to commodity markets. The authors showcase how to structure and manage both simple and more complex multi-commodity deals. Addressing the issues of profit-making and risk management, the book reveals how to exploit pay-off profiles and trading strategies on a diversified set of commodity prices. In addition, the book explores how to price energy products and other commodities belonging to markets segmented across specific structural features. The Handbook of Multi-Commodity Markets and Products includes a wealth of proven methods and useful models that can be selected and developed in order to make appropriate estimations of the future evolution of prices and appropriate valuations of products. The authors additionally explore market risk issues and what measures of risk should be adopted for the purpose of accurately assessing exposure from multi-commodity portfolios. This vital resource offers the models, tools, strategies and general information commodity brokers and other professionals need to succeed in today’s highly competitive marketplace.
Download or read book Commodity Risk Management written by Geoffrey Poitras and published by Routledge. This book was released on 2013 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to cover the following general topics: development and assessment of theories for evaluating commodity risk; the role of derivative securities in managing commodity risk; and, an assessment of the actual management of commodity risk in specific situations. The primary contribution of the book is the explicit development of the often overlooked connection between risk management and speculation. The central theme is to demonstrate that commodity risk management decisions require an in depth understanding of speculative strategies. To this end, this book aims to provide a unified treatment of important concepts and techniques that are useful in applying derivative securities in the management of risk arising in commodity markets.
Download or read book A Survey of Commodity Risk Management Instruments written by United Nations Conference on Environment and Development. Secretariat and published by . This book was released on 1994 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Managing Commodity Price Risk in Developing Countries written by Stijn Claessens and published by World Bank Publications. This book was released on 1993 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: Primary commodities represent more than one-half of the export earnings of many developing countries. The large fluctuations that can occur in the prices of such commodities are therefore a main economic difficulty for these countries. New financial techniques can lower the risk caused by these price changes over longer periods and allow financial obligations to be linked to commodity prices. But few developing countries have used these techniques. This book shows policymakers in developing countries how to use the full range of new and established financial techniques. Through case studies, it provides detailed information about the techniques, analyzes the institutional constraints on them, and illustrates the kinds of technical assistance needed to make good use of them. It also describes the instruments, the markets, and the current regulatory framework. For the past several years, the World Bank has assisted developing countries in managing commodity price risk. The book draws extensively on the lessons learned from this assistance to demonstrate that developing countries can benefit significantly from using financial techniques to manage their risk.
Download or read book Risk Management in Developing Countries written by Stijn Claessens and published by World Bank Publications. This book was released on 1993 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spanish edition. This timely report examines national health policies worldwide and measures their success in improving health and controlling health spending. It analyzes the many links between a nation's health status, its level of poverty, and its rate of economic growth. Health experts, government decisionmakers, students of public health and health policy, and others will use the Report as a thorough guide to key concerns that will dominate the debate on health care reform in the 1990s. World Development Report 1993--the sixteenth in the series-- focuses on health issues in the developing countries and ways in which to provide better health care with limited funds. Drawing on the latest research done by the World Bank and the World Health Organization, the Report describes approaches governments can take to improve the health of all their people, and especially of the poor. Readers will learn why policies that promote economic growth can improve the health status of the poor as well and why better education--particularly for girls--is crucial to improving health. Additional analysis points to government policies to change unhealthy habits such as smoking and alcohol abuse. The 1993 Report documents the often dramatic differences in health status and expenses among countries. It examines the degree to which public funds pay for health care and reveals why these funds are often spent inefficiently and unfairly. And it compares the strengths and weaknesses of private and public health insurance systems. English edition published for the World Bank by Oxford University Press.
Download or read book A Survey of Commodity Risk Management Instruments written by United Nations Conference on Trade and Development. Secretariat and published by . This book was released on 1994 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dealing with Commodity Price Volatility in Developing Countries written by International Task Force on Commodity Risk Management in Developing Countries and published by . This book was released on 1999 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Taking Stock of Risk Management Techniques for Sovereigns written by Stijn Claessens and published by World Bank Publications. This book was released on 2005 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the current state of affairs and thinking on external risk management for developing countries. It tries to identify the reasons behind the limited risk management by sovereigns. Perverse incentives arising from a too generous international safety net, limited access to international financial markets by developing countries arising from low creditworthiness, a limited supply of financial risk management tools suited to developing countries, and a poor supply of skills have inhibited risk management. Another constraint has been the limited attention given to the strategic objectives for risk management. Going forward, the paper identifies actions by international financial markets, countries and international financial institutions that can help improve risk management.
Download or read book Handbook of Multi Commodity Markets and Products written by Andrea Roncoroni and published by John Wiley & Sons. This book was released on 2015-02-17 with total page 1067 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Multi-Commodity Markets and ProductsOver recent decades, the marketplace has seen an increasing integration, not only among different types of commodity markets such as energy, agricultural, and metals, but also with financial markets. This trend raises important questions about how to identify and analyse opportunities in and manage risks of commodity products. The Handbook of Multi-Commodity Markets and Products offers traders, commodity brokers, and other professionals a practical and comprehensive manual that covers market structure and functioning, as well as the practice of trading across a wide range of commodity markets and products. Written in non-technical language, this important resource includes the information needed to begin to master the complexities of and to operate successfully in today’s challenging and fluctuating commodity marketplace. Designed as a practical practitioner-orientated resource, the book includes a detailed overview of key markets – oil, coal, electricity, emissions, weather, industrial metals, freight, agricultural and foreign exchange – and contains a set of tools for analysing, pricing and managing risk for the individual markets. Market features and the main functioning rules of the markets in question are presented, along with the structure of basic financial products and standardised deals. A range of vital topics such as stochastic and econometric modelling, market structure analysis, contract engineering, as well as risk assessment and management are presented and discussed in detail with illustrative examples to commodity markets. The authors showcase how to structure and manage both simple and more complex multi-commodity deals. Addressing the issues of profit-making and risk management, the book reveals how to exploit pay-off profiles and trading strategies on a diversified set of commodity prices. In addition, the book explores how to price energy products and other commodities belonging to markets segmented across specific structural features. The Handbook of Multi-Commodity Markets and Products includes a wealth of proven methods and useful models that can be selected and developed in order to make appropriate estimations of the future evolution of prices and appropriate valuations of products. The authors additionally explore market risk issues and what measures of risk should be adopted for the purpose of accurately assessing exposure from multi-commodity portfolios. This vital resource offers the models, tools, strategies and general information commodity brokers and other professionals need to succeed in today’s highly competitive marketplace.
Download or read book Commodity Trading and Risk Management written by Gerard Blokdyk and published by Createspace Independent Publishing Platform. This book was released on 2017-10-03 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whats the best design framework for Commodity Trading and Risk Management organization now that, in a post industrial-age if the top-down, command and control model is no longer relevant? What's the best design framework for an organization in a post Industrial-Age if the top-down, command and control model is no longer relevant? Who is responsible for ensuring appropriate resources (time, people and money) are allocated to Commodity Trading and Risk Management? Does Commodity Trading and Risk Management create potential expectations in other areas that need to be recognized and considered? Does Commodity Trading and Risk Management systematically track and analyze outcomes for accountability and quality improvement? Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role... In EVERY company, organization and department. Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?' For more than twenty years, The Art of Service's Self-Assessments empower people who can do just that - whether their title is marketer, entrepreneur, manager, salesperson, consultant, business process manager, executive assistant, IT Manager, CxO etc... - they are the people who rule the future. They are people who watch the process as it happens, and ask the right questions to make the process work better. This book is for managers, advisors, consultants, specialists, professionals and anyone interested in Commodity Trading and Risk Management assessment. All the tools you need to an in-depth Commodity Trading and Risk Management Self-Assessment. Featuring new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Commodity Trading and Risk Management improvements can be made. In using the questions you will be better able to: - diagnose Commodity Trading and Risk Management projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices - implement evidence-based best practice strategies aligned with overall goals - integrate recent advances in Commodity Trading and Risk Management and process design strategies into practice according to best practice guidelines Using a Self-Assessment tool known as the Commodity Trading and Risk Management Scorecard, you will develop a clear picture of which Commodity Trading and Risk Management areas need attention. Included with your purchase of the book is the Commodity Trading and Risk Management Self-Assessment downloadable resource, which contains all questions and Self-Assessment areas of this book in a ready to use Excel dashboard, including the self-assessment, graphic insights, and project planning automation - all with examples to get you started with the assessment right away. Access instructions can be found in the book. You are free to use the Self-Assessment contents in your presentations and materials for customers without asking us - we are here to help.
Download or read book Procurement Risk Management Using Commodity Futures written by Yihua Xu and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Procurement Risk Management Using Commodity Futures: a Multistage Stochastic Programming Approach" by Yihua, Xu, 許意華, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: ABSTRACT This study addresses the procurement risks that arise from variations in customer demand and fluctuations in the prices of material to be purchased, and seeks ways to effectively manage these risks. Procurement is prone to risks due to the uncertainties in, for example, demand, price and delivery. The effective management of these risks is hence a critical provision within the framework of procurement planning. However, what generally interests a procurement manager, when attempting to match closely product supply with customer demand, is the lowest cost that could possibly be attained. This mindset is found to concur with traditional models for procurement planning, which tend also to focus on cost minimization or the maximization of profit. With the potential risks largely ignored, such traditional models are clearly inadequate in the dynamic and precarious environment in which procurement is to be performed. This study describes a procurement planning approach that takes into account the risks arising from the fluctuations in procurement prices and customer demand volatility during a procurement undertaking. From the perspective of risk management, procurement is concerned with minimizing the downside risk exposure by means of hedging the associated risks so as to avoid possible losses. The specific risk hedging method developed in this study is based on the commodities and derivatives markets, which have grown rapidly and flourished in the age of e-commerce. This method is based on the static financial risk-hedging models that deal with a fixed hedged quantity. However, in making operational decisions in which the purchased quantity fluctuates due to customer demand, hedging has to be performed dynamically and this forms a significant extension to the available models. To allow and support operational procurement decision making as well as financial risk hedging in the presence of commodity markets, an integrated procurement risk management framework is developed. The development of this framework involves three major research issues (i) the establishment of a quantitative procurement risk management framework; (ii) the modelling of the stochastic behaviour of commodity prices and customer demand; and (iii) in II matching the two stochastic quantities mentioned above, the modelling of the procurement planning and financial risk hedging problem, jointly represented as a multistage stochastic program. The solutions obtained from this stochastic programming model can be evaluated according to the specified profit/risk profiles of a decision maker. To model the stochastic behaviour of commodity prices, the Gibson-Schwartz two-factor model and the Schwartz-Smith two-factor model are employed for storable commodities and non-storable commodities respectively. State-space form models and Kalman filtering are used to estimate the parameters of the empirical price models based on historical commodity price data. Two commodities are studied in this research. One is copper which is storable, and the other is electricity which is non-storable. Using the empirical price models, scenarios can be generated for stochastic program optimization. Numerical experiments are carried out to demonstrate the benefit that could be gained from the use of the integrated procurement risk management approach developed in this study. It is found that, when compared with pure operational pla
Download or read book Managing Commodity Risk written by John J. Stephens and published by Wiley. This book was released on 2000-12-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Commodity Risk is a clear and practical guide to managing commodity risk and explains how the commodity futures markets can be used to the manager's advantage. Beginning with a general overview of the definitions, processes and procedures, the book then explains in detail each of the individual approaches and looks at topics such as the commodity markets and their instruments, hedging with commodity futures and options and commodity futures exchanges. There is a checklist with key issues and approaches raised at the end of each chapter. This book is a practical primer for business managers who wish to manage and minimise the risk within their own industry.
Download or read book Future markets in China written by and published by . This book was released on 1999 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Survey of Commodity Risk Management Instruments written by and published by . This book was released on 1998 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book COMMODITY DERIVATIVES AND RISK MANAGEMENT written by PRABINA RAJIB and published by PHI Learning Pvt. Ltd.. This book was released on 2014-01-17 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, commodity derivatives trading in India has undergone a significant growth, and has surpassed equity derivatives trading. The book covers almost the entire spectrum of commodities traded in the Indian commodity market, including agricultural commodities, crude oil, base metal, precious metal, electricity, carbon, weather, freight, real estate, and water. A distinguishing feature of the book is that it lucidly explains the peculiarities of various commodities, delving into their technical and historical details. As commodity market in a country cannot function in isolation, commodity contracts traded in other international exchanges, like LME, CME, The Baltic Exchange, Nordpool, etc. have also been discussed in detail. Commodity derivatives contracts, such as futures, FRAs, options, Tapos, swaps, spreads (crush, crack, dark and spark), collars, ETFs, Contract for Differences (CfDs) and cool bonds, etc. have been discussed extensively in the book. Fundamental factors associated with different types of commodities have been dealt with to develop a deeper understanding of the peculiarities associated with various commodities. This book documents the case studies involving important commodity price manipulations and frauds in commodity derivatives trading. These have been analyzed to bring out the necessity and the role of the commodity market regulators in maintaining market integrity. Major commodity derivatives trading losses that have shaken up even some prominent companies all over the world have been discussed to highlight the risks associated with commodity derivatives trading. The book is intended for the postgraduate students of Management. It is equally beneficial for the students and professionals opting for Diploma courses in Banking and Finance.• Around 40 Business Snapshots have been presented at appropriate sections in the book, so that a reader can apply the concepts to real-life situations/happenings. • Around 100 Numerical Examples have also been worked in various chapters to help the reader develop a deeper understanding of the underlying theories. • Worked out examples and business snapshots have been provided in large numbers. • End of the chapter questions have been provided for the students to test their understanding. • Power Point slides available online at www.phindia.com/prabinarajib to provide integrated learning to the students.
