LEADER 05073nam 2200613 450 001 9910830556303321 005 20230721044737.0 010 $a1-119-20774-6 010 $a1-118-58047-8 035 $a(CKB)2670000000335639 035 $a(EBL)1120338 035 $a(OCoLC)829461576 035 $a(SSID)ssj0000831904 035 $a(PQKBManifestationID)12337781 035 $a(PQKBTitleCode)TC0000831904 035 $a(PQKBWorkID)10881380 035 $a(PQKB)11472329 035 $a(MiAaPQ)EBC1120338 035 $a(EXLCZ)992670000000335639 100 $a20160412h20082008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aEnergy markets $eprice risk management and trading /$fTom James 210 1$aSingapore :$cWiley,$d2008. 210 4$dİ2008 215 $a1 online resource (435 p.) 225 1 $aWiley Finance 300 $aIncludes index. 311 $a0-470-82225-2 327 $aCover; Contents; Title page; Copyright page; Introduction; CHAPTER 1: Risk Management in Energy Markets; THE RISK MATRIX; FINANCIAL RISKS; BASIS RISK; LEGAL, OPERATIONAL AND TAX RISKS; SUMMARY; CHAPTER 2: The Energy Derivatives Markets; ON EXCHANGE AND OFF EXCHANGE; ON-EXCHANGE AND OVER-THE-COUNTER; FUTURES; FUTURES VS. OTC; SWAPS AND OPTIONS; TYPES OF SWAPS IN ENERGY MARKETS; KNOCK-INS AND KNOCK-OUTS - INTEGRATING SWAPS AND OPTIONS; THE COMMON AND MORE LIQUID OPTION MARKETS IN ENERGY; CHAPTER 3: Energy Futures Contracts; INTRODUCTION; KEY FACTS ABOUT FUTURES CONTRACTS 327 $aFUTURES OPTIONS CONTRACTSHEDGING IN FUTURES MARKETS; OIL FUTURES; EXCHANGE OF FUTURES FOR PHYSICALS (EFP) AND DELIVERIES VIA FUTURES MARKETS; COAL FUTURES; CHAPTER 4: Pricing Middle East Crude in the Next Century; INTRODUCTION; A FAIR PRICE; CAUSE FOR CHANGE; ASIAN DEMAND, MIDDLE EAST SUPPLY AND GROWING INTERDEPENDENCE; THE VALUE OF CRUDE OIL; FREIGHT RATES; PRICE DISCOVERY AND CRUDE BENCHMARKS IN THE WORLD TODAY; COMPARING WTI, BRENT AND DUBAI; PRICE DISCOVERY: OTC VS. FUTURES MARKETS; A NEW PRICING PARADIGM; CONCLUSION; NOTES; CHAPTER 5: Emissions Trading - Towards a Global Carbon Market 327 $aTOWARDS GLOBAL CARBON MARKETSTHE EUROPEAN REGIME; THE CARBON EXCHANGES; CHICAGO CLIMATE EXCHANGE (www.chicagoclimatex.com); CHICAGO CLIMATE FUTURES EXCHANGE (www.chicagoclimatex.com); NYMEX (www.nymex.com); THE EUROPEAN UNION EMISSIONS TRADING SCHEME; THE EUROPEAN CLIMATE EXCHANGE (www.europeanclimateexchange.com); USING FUTURES CONTRACTS TO HEDGE RISK; NORD POOL (www.nordpool.com); POWERNEXT (www.powernext.fr); EEX (www.eex.de); EXAA (www.exaa.at); CHAPTER 6: Options Trading and Hedging Application Strategies; VOLATILITY; TYPES OF OPTIONS; OPTION STRATEGIES FOR HEDGING ENERGY-PRICE EXPOSURE 327 $aOPTION STRATEGIESOTC OPTIONS AND POPULAR STRUCTURES; OPTIONS TRADING - VOLATILITY TRADING; BUTTERFLY STRATEGY; RATIO BACKSPREADS; CHAPTER 7: Energy Option-pricing Models; ENERGY-MARKET OPTIONS; GENERAL RULES FOR OPTION VALUES; MODELS USED IN THE ENERGY INDUSTRY; ASIAN OPTION PRICING; CHAPTER 8: Value-at-Risk and Stress Testing; A RISK-MANAGEMENT SCENARIO; VAR AND OTHER RISK-MEASUREMENT METHODS; WHAT DOES VAR DO?; VAR RECAP; VAR TO ILLUSTRATE HEDGE EFFECTIVENESS; STRESS TESTING AND VAR; STRESS TESTING METHODOLOGIES; THE HYPOTHETICAL OR SENSITIVITY STRESS-TEST APPROACH 327 $aLIMITATIONS OF STRESS TESTSSUMMARY; CHAPTER 9: Questions to Ask When Establishing a Risk-Management or Trading Program; CHAPTER 10: Management Controls; THE COLLAPSE OF BARINGS; THE LESSONS OF HISTORY; CREATING A RISK-MANAGEMENT OR TRADING POLICY; CORPORATE DERIVATIVES RISK-MANAGEMENT POLICY-AND-PROCEDURES DOCUMENT; BACK-OFFICE SYSTEMS; WHO SHOULD LOOK AT THE REPORT AND RECORDS?; DERIVATIVE BACK-OFFICE MANAGEMENT; ROLE OF EXTERNAL/INTERNAL AUDIT AND COMPLIANCE; RECONCILIATION AND ACCOUNTING: KEY POINTS TO CONSIDER; RISK-MANAGEMENT REVIEW; THE COLLAPSE OF ENRON, 2001 327 $aWHAT CAN WE LEARN FROM ENRON? 330 $aPrice Risk Management and Trading.Energy risk management expert, Tom James, does it again. His latest book is a timely addition to the rapidly developing energy trading markets. This book should be on every energy trader, risk manager and corporate planer's desk. it is an easy read as Tom goes into great detail to explain the intricacies of this market and its various unique elements. - Peter C. Fusaro, Chairman, Global Change Associates Inc., Best-selling Author and Energy ExpertThis sensible and practical guide is essential for those seeking an understanding of commerce in en 410 0$aWiley finance series. 606 $aPower resources$xPrices 606 $aCommodity exchanges 615 0$aPower resources$xPrices. 615 0$aCommodity exchanges. 676 $a332.644 686 $a83.65$2bcl 700 $aJames$b Tom$f1971-$0885818 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910830556303321 996 $aEnergy markets$93993741 997 $aUNINA