Commodity Derivatives: A Guide for Future Practitioners describes the
origins and uses of these important markets. Commodities are often
used as inputs in the production of other products, and commodity
prices are notoriously volatile. Derivatives include forwards,
futures, options, and swaps; all are types of contracts that allow
buyers and sellers to establish the price at one time and exchange the
commodity at another. These contracts can be used to establish a price
now for a purchase or sale that will occur later, or establish a price
later for a purchase or sale now. This book provides detailed examples
for using derivatives to manage prices by hedging, using futures,
options, and swaps. It also presents strategies for using derivatives
to speculate on price levels, relationships, volatility, and the
passage of time. Finally, because the relationship between a commodity
price and a derivative price is not constant, this book examines the
impact of basis behaviour on hedging results, and shows how the basis
can be bought and sold like a commodity. The material in this book is
based on the author’s 30-year career in commodity derivatives, and
is essential reading for students planning careers as commodity
merchandisers, traders, and related industry positions. Not only does
it provide them with the necessary theoretical background, it also
covers the practical applications that employers expect new hires to
understand. Examples are coordinated across chapters using consistent
prices and formats, and industry terminology is used so students can
become familiar with standard terms and concepts. This book is
organized into 18 chapters, corresponding to approximately one chapter
per week for courses on the semester system.
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Produktdetaljer
ISBN
9781317512974
Publisert
2018
Utgave
1. utgave
Utgiver
Vendor
Routledge
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter