Commodity derivatives: markets and applications

by Schofield, Neil C.

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Title Statements

Full title :Commodity derivatives : markets and applications / Neil C. Schofield.

Summary

"Commodities and commodity derivatives are one of the foundations stones of today's financial markets. The derivatives market is estimated to be worth more than $1.2 quadrillion, with the trade in derivatives dwarfing the trade in the actual underlying physical commodities. Using structures unique to the individual market, each chapter includes an explanation of the commodity and an analysis of its physical market, discussion on the typical patterns of demand and supply and the main factors that will influence the price of the commodity and the main products. Each chapter focuses on how the products could be used along the physical supply chain and seeks to identify the main market risks and how they can be hedged. This expanded edition includes coverage of: theories of price formation, OIS valuation, spread options, options smiles and skews, gold, steel and iron-ore, project finance, crude logistics, refined crude products, US electricity market, dry freight, climate change, price drivers of emissions trading, EU ETS, agricultural markets, ethanol, ETFs, index structures and more"-- Provided by publisher.

Edition Statements

Publication Date:©2021
Edition:Second edition

Publication Statements

Publisher(s):John Wiley & Sons, Ltd
Place of Publication:West Sussex, United Kingdom
Language:eng
Publication Date:©2021

Notes

Includes bibliographic references and index

The Physical Object

Description:1 online resource (xiii, 530 pages) : : illustration (some color) and maps (some color).

Edition Identifiers

ISBN:9781119349259, 1119349257, 9781119349228, 1119349222, 9781119349242, 1119349249
oclc:on1236896349
LC Classification:HG6024.A3
Dewey Decimal:332.64/57

1, Fundamentals of commodities and derivatives -- 2, Derivative valuation -- 3, Risk management principles -- 4, Gold -- 5, Base metals -- 6, Crude oil -- 7, Natural gas -- 8, Electricity -- 9, Plastics -- 10, Bulk commodities -- 11, Climate and weather -- 12, Agriculture --13, Commodity-linked financing -- 14, Commodity investing -- 15, Glossary.