Description: Commodity DerivativesA Guide for Future Practitioners Author(s): Paul E. Peterson Format: Paperback Publisher: Taylor & Francis Ltd, United Kingdom Imprint: Routledge ISBN-13: 9780765645371, 978-0765645371 Synopsis 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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Book Title: Commodity Derivatives
Item Height: 234 mm
Item Width: 156 mm
Author: Paul E. Peterson
Publication Name: Commodity Derivatives: a Guide for Future Practitioners
Format: Paperback
Language: English
Publisher: Taylor & Francis LTD
Subject: Finance
Publication Year: 2018
Type: Textbook
Item Weight: 386 g
Number of Pages: 262 Pages
