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Commodity Derivatives

Regular price £138.00
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This title explains each type of transaction and analyses and guides the reader through the full suite of over-the-counter, exchange-traded and structured commodity derivative documentation, and pr...
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  • 01 July 2010
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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.
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Price: £138.00
Pages: 445
Publisher: Globe Law and Business
Imprint: Globe Law and Business
Publication Date: 01 July 2010
Trim Size: 9.50 X 6.25 in
ISBN: 9781905783373
Format: Hardcover
BISACs:

LAW / Banking, Banking law

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Move over The Wealth of Nations, Das Kapital and Capitalism and Freedom over on your bookshelf; Commodity Derivatives is a worthy addition to these economic treatises.
Preface 5 Edmund Parker Part I: Introduction to commodity derivative products Overview and introduction to commodity derivatives 7 Edmund Parker Reasons for entering into commodity derivative transactions 37 Sabine Bertin Aaron McGarry Part II: Commodity derivative instruments Over-the-counter (OTC) commodity derivatives 63 Marcin Perzanowski Structured commodity derivatives 83 Sabine Bertin Dharini Collins Exchange-traded commodity derivatives 121 Dharini Collins Nanak Keswani Part III: ISDA commodity derivative documentation ISDA suite of commodity derivative documentation 149 Edmund Parker Marcin Perzanowski Introduction to the 2005 ISDA Commodity Definitions 175 Edmund Parker Marcin Perzanowski Standard commodity derivative confirmations 223 Marcin Perzanowski Bullion transactions 239 Marcin Perzanowski Weather index derivative transactions 263 Erica Johansson David Johnson Gas derivative transactions 283 Edmund Parker Power derivative transactions 317 Edmund Parker Emissions trading 335 Avanthi Gunatilake Edmund Parker Freight derivative transactions 367 Avanthi Gunatilake Edmund Parker Part IV: Other documentation platforms for commodity derivatives Overview of documentation produced by the Futures and Options Association 391 Danuta Rychlicka The European Federation of Energy Traders 433 Ellen Doubtfire Aimee Lewis Overview of other documentation platforms for OTC commodity derivatives 459 Amandeep Kharaud Part V: Tax and regulatory aspects of commodity derivative transactions Tax aspects of commodity derivative transactions 485 Sandy Bhogal Catriona Nicol UK and EU regulatory aspects of commodity derivatives 501 Miles Bake US regulation of commodity derivatives 529 Jeremiah Wagner About the authors 581 All authors are (or recently have been) lawyers working at Mayer Brown