Understanding Risk Management and Hedging in Oil Trading : A Practitioner's Guide to Managing Risk / / Chris Heilpern

• Autore: Heilpern Chris
• Pubblicazione: Cham, Switzerland : , : Macmillan Palgrave, , [2023]; ©2023
• Edizione: First edition.
• Descrizione fisica: 1 online resource (173 pages)
• Disciplina: 332.6442282
• Soggetto topico: Hedging (Finance); Petroleum industry and trade - Finance; Risk management
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Intro -- Acknowledgments -- Contents -- List of Figures -- List of Tables -- 1 Introduction -- 2 What Is Risk? -- 3 Some, but Not All, of the Risks in Trading -- 3.1 Price Risk -- 3.2 Operational Risk -- 3.3 Contractual Risk -- 3.4 Legal Risk -- 3.5 Payment Risk -- 3.6 Personal Risk -- 4 Managing Risk -- 4.1 Operational Risk -- 4.2 Contractual Risk -- 4.3 Legal Risk -- 4.4 Payment Risk -- 4.5 Personal Risk -- 5 Price Risk -- 5.1 What is Price Risk? -- 5.2 One Notion of "Long" -- 5.3 One Notion of "Short" -- 5.4 Long Price Positions -- 5.5 Short Price Positions -- 5.6 Short and Long with Floating Price Contracts -- 6 Hedging Price Risk -- 6.1 What is a Hedge? -- 6.2 Basic Principles of Hedging -- 6.3 Imperfect Hedging or Basis Risk -- 7 Using Basis Risk as a Trading Strategy -- 7.1 Examples of Basis Risk Hedging: Crude Oil Pricing -- 7.2 Basis Risk and Hedging: Shipping Diesel from Asia to Europe -- 7.3 A Quick Summary of Risk and Hedging -- 8 Basic Derivatives -- 8.1 Swaps -- 8.2 Cleared Swaps, Futures Exchanges, and Counterparty Risk -- 8.3 Some Problems with Swaps -- 8.4 Brent vs. Dubai Spread Risk: Another Look -- 9 Futures Contracts and Forward Contracts -- 9.1 The Basics of Futures Contracts -- 9.2 Hedging Physical Oil with Futures: US Crude and WTI Futures -- 9.3 How are Futures and Swaps Different When Used to Hedge? -- 9.4 Where Do the Prices of Futures Come From? What Do They Mean? -- 9.5 Elephants and Bottles of Water: Explaining Contango and Backwardation -- 9.6 The Forward Curve -- 9.7 Do Contango and Backwardation Make Predictions About Prices? -- 9.8 Forwards or Forward Contracts -- What are Forward Contracts? -- 10 Options -- 10.1 What is an Option? A Simplified, Friendly Approach -- 10.2 Calls and Puts -- 10.3 "Half a Swap": Hedging with Options -- 10.4 Average Price Options: Asian Calls or Caps -- 10.5 Option Pricing…Simplified. ; 11 Hedging and Portfolio Risk -- 11.1 How do Traders Really Manage Price Risk? -- 12 Conclusion -- Appendices -- Glossary -- Bibliography -- Index.
• Titolo autorizzato: Understanding Risk Management and Hedging in Oil Trading
• ISBN: 3-031-44465-5
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910799247803321
• Lo trovi qui: Univ. Federico II