Commodity Derivatives

Documenting and Understanding Commodity Derivative Products

Inbunden, Engelska, 2010

2 879 kr

Beställningsvara. Skickas inom 5-8 vardagar. Fri frakt för medlemmar vid köp för minst 249 kr.

Commodity derivatives are financial instruments whose value is based on underlying commodities, such as oil, gas, metals, agricultural products and minerals. Other assets such as emissions trading credits, freight rates and even the weather can also underlie commodity derivatives. Although the market has been around for centuries, commodity derivatives remain a vital and increasingly sophisticated product today. Airlines continue to hedge themselves against volatility in fuel prices, mining corporations against declines in metal values and power companies against rises in the price of natural gas. This accessible title explains each type of transaction, together with the documentation involved. In particular, the book analyses and guides the reader through the full suite of over-the-counter, exchange-traded and structured commodity derivative documentation, and provides a detailed guide to International Swaps and Derivatives Association and other leading documentation platforms.The book further contains detailed analysis of the regulatory and tax issues affecting commodity derivative products in the United Kingdom and United States. This title is edited by Edmund Parker, head of derivatives at Mayer Brown, London (author of Credit Derivatives: Documenting and Understanding Credit Derivative Products and editor of Equity Derivatives: Documenting and Understanding Equity Derivative Products), and Marcin Perzanowski, an associate at Mayer Brown, London.

Produktinformation

Utgivningsdatum2010-07-01
Mått160 x 240 x 39 mm
Vikt840 g
FormatInbunden
SpråkEngelska
SerieGlobe Law and Business
Antal sidor445
FörlagGlobe Law and Business Ltd
ISBN9781905783373

Tillhör följande kategorier

Finansiering inom Ekonomi och Ledarskap

Edmund Parker is a partner at Mayer, Brown, specialising in derivatives and structured finance in the firm's London office finance department. He is one of the world's leading credit derivatives experts and advises many of the most active investment banking institutions and other market participants on diverse funded and unfunded credit derivatives matters. He has been instructed on many of the 'new generation' credit derivatives products, such as constant proportion portfolio insurance, constant proportion debt obligations and credit derivative product companies. He has also advised leading financial institutions on managing all of the largest credit events to hit the market in recent years, as well as on the full range of ISDA template documentation and more traditional synthetic collateralised debt obligation and credit linked note structures. He previously practised at Clifford Chance, Sidley Austin, and Gide Loyrette Nouel.

Preface 5Edmund ParkerPart I: Introduction to commodity derivative productsOverview and introduction to commodity derivatives 7Edmund ParkerReasons for entering into commodity derivative transactions 37Sabine BertinAaron McGarryPart II: Commodity derivative instrumentsOver-the-counter (OTC) commodity derivatives 63Marcin PerzanowskiStructured commodity derivatives 83Sabine BertinDharini CollinsExchange-traded commodity derivatives 121Dharini CollinsNanak KeswaniPart III: ISDA commodity derivative documentationISDA suite of commodity derivative documentation 149Edmund ParkerMarcin PerzanowskiIntroduction to the 2005 ISDA Commodity Definitions 175Edmund ParkerMarcin PerzanowskiStandard commodity derivative confirmations 223Marcin PerzanowskiBullion transactions 239Marcin PerzanowskiWeather index derivative transactions 263Erica JohanssonDavid JohnsonGas derivative transactions 283Edmund ParkerPower derivative transactions 317Edmund ParkerEmissions trading 335Avanthi GunatilakeEdmund ParkerFreight derivative transactions 367Avanthi GunatilakeEdmund ParkerPart IV: Other documentation platforms for commodity derivativesOverview of documentation produced by the Futures and Options Association 391Danuta RychlickaThe European Federation of Energy Traders 433Ellen DoubtfireAimee LewisOverview of other documentation platforms for OTC commodity derivatives 459Amandeep KharaudPart V: Tax and regulatory aspects of commodity derivative transactionsTax aspects of commodity derivative transactions 485Sandy BhogalCatriona NicolUK and EU regulatory aspects of commodity derivatives 501Miles BakeUS regulation of commodity derivatives 529Jeremiah WagnerAbout the authors 581All authors are (or recently have been)lawyers working at Mayer Brown