Commodity derivatives: markets and applications
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Chichester
Wiley
2007
|
| Schriftenreihe: | Wiley finance
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Hier auch später erschienene, unveränderte Nachdrucke |
| Beschreibung: | XVIII, 315 S. graph. Darst. |
| ISBN: | 9780470019108 |
Internformat
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| 100 | 1 | |a Schofield, Neil C. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Commodity derivatives |b markets and applications |c Neil C. Schofield |
| 264 | 1 | |a Chichester |b Wiley |c 2007 | |
| 300 | |a XVIII, 315 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a Wiley finance | |
| 500 | |a Hier auch später erschienene, unveränderte Nachdrucke | ||
| 650 | 4 | |a Commodity exchanges | |
| 650 | 4 | |a Commodity futures | |
| 650 | 4 | |a Derivative securities | |
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| 999 | |a oai:aleph.bib-bvb.de:BVB01-016033173 | ||
Datensatz im Suchindex
| _version_ | 1804137110166306816 |
|---|---|
| adam_text | Contents
Preface
xv
Acknowledgements
xvii
About the Author
xix
1
An Introduction to Derivative Products
1
1.1
Forwards and futures
2
1.2
Swaps
3
1.3
Options
4
1.4
Derivative pricing
7
1.4.1
Relative Value
8
1.5
The spot-forward relationship
8
1.5.1
Deriving forward prices: market in contango
8
1.5.2
Deriving forward prices: market in backwardation
10
1.6
The spot-forward-swap relationship
11
1.7
The spot-forward-option relationship
16
1.8
Put-call parity: a key relationship
18
1.9
Sources of value in a hedge
18
1.10
Measures of option risk management
19
1.10.1
Delta
19
1.10.2
Gamma
21
1.10.3
Theta
22
1.10.4 Vega 23
2
Risk Management
27
2.1
Categories of risk
27
2.1.1
Defining risk
28
2.1.2
Credit risk
29
2.2
Commodity market participants: the time dimension
29
viii
_______________________________________________________________________Contents
2.2.1
Short-dated maturities
29
2.2.2
Medium-dated maturities
30
2.2.3
Longer-dated exposures
30
2.3
Hedging corporate risk exposures
30
2.4
A framework for analysing corporate risk
31
2.4.1
Strategic considerations
31
2.4.2
Tactical considerations
31
2.5
Bank risk management
32
2.6
Hedging customer exposures
32
2.6.1
Forward risk management
33
2.6.2
Swap risk management
33
2.6.3
Option risk management
33
2.6.4
Correlation risk management
33
2.7
View-driven exposures
34
2.7.1
Spot-trading strategies
34
2.7.2
Forward trading strategies
35
2.7.3
Single period physically settled swaps
35
2.7.4
Single or multi-period financially settled swaps
35
2.7.5
Option-based trades: trading volatility
36
3
Gold
41
3.1
The market for gold
41
3.1.1
Physical Supply Chain
41
3.1.2
Financial Institutions
42
3.1.3
The London gold market
42
3.1.4
The price of gold
44
3.1.5
Fixing the price of gold
44
3.2
Gold price drivers
45
3.2.1
The supply of gold
45
3.2.2
Demand for gold
48
3.2.3
The Chinese effect
51
3.3
The gold leasing market
51
3.4
Applications of derivatives
54
3.4.1
Producer strategies
55
3.4.2
Central Bank strategies
60
4
Base Metals
69
4.1
Base metal production
69
4.2
Aluminium
70
4.3
Copper
73
4.4
London metal exchange
75
4.4.1
Exchange-traded metal futures
76
4.4.2
Exchange-traded metal options
76
4.4.3
Contract specification
77
4.4.4
Trading
77
Contents________________________________________________________________ix
4.4.5 Clearing 78
4.4.6
Delivery
80
4.5
Price drivers
81
4.6
Structure of market prices
83
4.6.1
Description of the forward curve
83
4.6.2
Are forward prices predictors of future spot prices?
85
4.7
Applications of derivatives
86
4.7.1
Hedges for aluminium consumers in the automotive sector
86
4.8
Forward purchase
87
4.8.1
Borrowing and lending in the base metal market
88
4.9
Vanilla option strategies
89
4.9.1
Synthetic long put
89
4.9.2
Selling options to enhance the forward purchase price
90
4.9.3
Three way
92
4.9.4
Min-max
93
4.9.5
Ratio
min-max
94
4.9.6
Enhanced risk reversal
95
4.10
Structured option solutions
95
4.10.1
Knock-out forwards
95
4.10.2
Forward plus
96
4.10.3
Bonus forward
96
4.10.4
Basket options
97
101
101
101
102
102
102
103
103
103
104
105
106
106
106
108
108
109
109
111
112
5.5
Price drivers
114
5.5.1
Macroeconomic
issues I
5.5.2
Supply chain considerations U7
5
Crude
Ou
5.1
The value of crude oil
5.1.1
Basic chemistry of oil
5.1.2
Density
5.1.3
Sulphur content
5.1.4
Flow properties
5.1.5
Other chemical properties
5.1.6
Examples of crude oil
5.2
An overview of the physical supply chain
5.3
Refining crude oil
5.3.1
Applications of refined products
5.4
The demand and supply for crude oil
5.4.1
Proved oil reserves
5.4.2
R/P ratio
5.4.3
Production of crude oil
5.4.4
Consumption of crude oil
5.4.5
Demand for refined products
5.4.6
Oil refining capacity
5.4.7
Crude oil imports and exports
5.4.8
Security of supply
__________________________Contents
120
121
121
121
122
122
123
124
124
125
126
126
128
135
137
137
142
144
149
149
150
150
150
150
151
152
152
153
153
153
6.4
Deregulation and re-regulation
154
6.4.1
The US experience
154
6.4.2
The UK experience
155
6.4.3
Continental European deregulation
155
6.5
The demand and supply for gas
156
6.5.1
Relative importance of natural gas
156
6.5.2
Consumption of natural gas
157
6.5.3
Reserves of natural gas
158
6.5.4
Production of natural gas
158
6.5.5
Reserve to production ratio
159
6.5.6
Exporting natural gas
160
6.5.7
Liquefied natural gas
160
6.6
Gas price drivers
161
6.6.1
Definitions of price
161
6.6.2
Supply side price drivers
162
6.6.3
Demand side price drivers
164
5.5.3
Geopolitics
5.5.4
Analysing the forward curves
5.6
The price of crude oil
5.6.1
Defining price
5.6.2
The evolution of crude oil prices
5.6.3
Delivered price
5.6.4
Marker crudes
5.6.5
Pricing sources
5.6.6
Pricing methods
5.6.7
The term structure of oil prices
5.7
Trading crude oil and refined products
5.7.1
Overview
5.7.2
North Sea oil
5.7.3
US crude oil markets
5.8
Managing price risk along the supply chain
5.8.1
Producer hedges
5.8.2
Refiner hedges
5.8.3
Consumer hedges
6
Natural Gas
6.1
How
ι
latural
gas is formed
6.2
Measuring natural gas
6.3
The physical supply chain
6.3.1
Production
6.3.2
Shippers
6.3.3
Transmission
6.3.4
Interconnectors
6.3.5
Storage
6.3.6
Supply
6.3.7
Customers
6.3.8
Financial institutions
Contents
6.6.4
The price of oil
164
6.7
Trading physical natural gas
166
6.7.1
Motivations for trading natural gas
166
6.7.2
Trading locations
167
6.7.3
Delivery points
167
6.8
Natural gas derivatives
168
6.8.1
Trading natural gas in the UK
168
168
169
171
173
176
181
181
182
183
184
184
185
186
188
190
191
193
193
196
196
196
196
197
197
197
198
199
199
199
200
200
201
203
203
204
205
206
206
207
6.8.2
On-the-day commodity market
6.8.3
Exchange-traded futures contracts
6.8.4
Applications of exchange-traded futures
6.8.5
Over-the-counter natural gas transactions
6.8.6
Financial/Cash-settled transactions
7
Electricity
7.1
What
is electricity?
7.1.1
Conversion of energy sources to electricity
7.1.2
Primary sources of energy
7.1.3
Commercial production of electricity
7.1.4
Measuring electricity
7.2
The physical supply chain
7.3
Price
drivers of electricity
7.3.1
Regulation
7.3.2
Demand for electricity
7.3.3
Supply of electricity
7.3.4
Factors influencing spot and forward prices
7.3.5
Spark and dark spreads
7.4
Trading electricity
7.4.1
Overview
7.4.2
Markets for trading
7.4.3
Motivations for trading
7.4.4
Traded volumes: spot markets
7.4.5
Traded volumes: forward markets
7.5
Nord
pool
7.5.1
The spot market: Elspot
7.5.2
Post spot: the balancing market
7.5.3
The financial market
7.5.4
Real-time operations
7.6
United states of
america
7.6.1
Independent System Operators
7.6.2
Wholesale markets in the USA
7.7
United kingdom
7.7.1
Neta
7.7.2
UK trading conventions
7.7.3
Load shapes
7.7.4
Examples of traded products
7.7.5
Contract volumes
7.7.6
Contract prices and valuations
xii __________________________________________________Contents
7.8
Electricity
derivatives 207
7.8.1
Electricity forwards
207
7.8.2
Electricity Swaps
209
213
213
214
215
215
215
215
216
217
217
218
219
219
220
222
222
225
225
226
231
231
232
232
233
235
9.6.1
Exchange-traded futures
236
9.6.2
Over-the-counter solutions
237
10
Emissions Trading
241
10.1
The science of global warming
241
10.1.1
Greenhouse gases
241
10.1.2
The carbon cycle
242
10.1.3
Feedback loops
243
10.2
The consequences of global warming
243
10.2.1
The Stern Report
244
10.2.2
Fourth assessment report of the IPCC
244
10.3
The argument against climate change
245
10.4
History of human action against climate change
246
10.4.1
Formation of the IPCC
246
10.4.2
The Earth Summit
246
10.4.3
The Kyoto Protocol
247
8
Plastics
8.1
The chemistry of plastic
8.2
The production of plastic
8.3
Monomer production
8.3.1
Crude oil
8.3.2
Natural gas
8.4
Polymerisation
8.5
Applications of plastics
8.6
Summary of the plastics supply chain
8.7
Plastic price drivers
8.8
Applications of derivatives
8.9
Roles of the futures exchange
8.9.1
Pricing commercial contracts
8.9.2
Hedging instruments
8.9.3
Source of supply/disposal of inventory
8.10
Option strategies
9
Coal
9.1
The basics of coal
9.2
The demand for and supply of coal
9.3
Physical supply chain
9.3.1
Production
9.3.2
Main participants
9.4
The price of coal
9.5
Factors affecting the price of coal
9.6
Coal derivatives
Contents______________________________________________________________________
rii
10.4.4
From Kyoto to
Marrakech
and beyond
249
10.5
Price drivers for emissions markets
249
10.6
The
EU
emissions trading scheme
252
10.6.1
Background
252
10.6.2
How the scheme works
253
10.6.3
Registries and logs
253
10.6.4
National Allocation Plans (NAPs)
254
10.7
Emission derivatives
254
11
Agricultural Commodities and Biofuels
261
11.1
Agricultural markets
261
11.1.1
Physical supply chain
261
11.1.2
Sugar
262
11.1.3
Wheat
262
11.1.4
Corn
262
11.2
Ethanol
263
11.2.1
What is
ethanol?
263
11.2.2
History of
ethanol
263
11.3
Price drivers
264
11.3.1
Weather
264
11.3.2
Substitution
265
11.3.3
Investor activity
265
11.3.4
Current levels of inventory
265
11.3.5
Protectionism
265
11.3.6
Health
265
11.3.7
Industrialising countries
266
11.3.8
Elasticity of supply
266
11.3.9
Genetic modification
266
11.4
Exchange-traded agricultural and
ethanol
derivatives
266
11.5
Over-the-counter agricultural derivatives
267
12
Commodities Within an Investment Portfolio
269
12.1
Investor profile
269
12.2
Benefits of commodities within a portfolio
270
12.2.1
Return enhancement and diversification
270
12.2.2
Asset allocation
270
12.2.3
Inflation hedge 271
12.2.4
Hedge against the US dollar
271
12.3
Methods of investing in commodities
271
12.3.1
Advantages and disadvantages
271
12.4
Commodity indices
272
12.4.1
Explaining the roll yield 273
12.5
Total return swaps 274
12.6
Structured investments 277
12.6.1
Gold-linked notes 277
12.6.2
Capital guaranteed structures
277
xiv_________________________________________________________________Contents
12.6.3
Combination structures
278
12.6.4
Non-combination structures
281
12.6.5
Collateralised Commodity Obligations
282
12.7
Analysing investment structures
285
Glossary
287
Notes
299
Bibliography
303
Index
305
|
| adam_txt |
Contents
Preface
xv
Acknowledgements
xvii
About the Author
xix
1
An Introduction to Derivative Products
1
1.1
Forwards and futures
2
1.2
Swaps
3
1.3
Options
4
1.4
Derivative pricing
7
1.4.1
Relative Value
8
1.5
The spot-forward relationship
8
1.5.1
Deriving forward prices: market in contango
8
1.5.2
Deriving forward prices: market in backwardation
10
1.6
The spot-forward-swap relationship
11
1.7
The spot-forward-option relationship
16
1.8
Put-call parity: a key relationship
18
1.9
Sources of value in a hedge
18
1.10
Measures of option risk management
19
1.10.1
Delta
19
1.10.2
Gamma
21
1.10.3
Theta
22
1.10.4 Vega 23
2
Risk Management
27
2.1
Categories of risk
27
2.1.1
Defining risk
28
2.1.2
Credit risk
29
2.2
Commodity market participants: the time dimension
29
viii
_Contents
2.2.1
Short-dated maturities
29
2.2.2
Medium-dated maturities
30
2.2.3
Longer-dated exposures
30
2.3
Hedging corporate risk exposures
30
2.4
A framework for analysing corporate risk
31
2.4.1
Strategic considerations
31
2.4.2
Tactical considerations
31
2.5
Bank risk management
32
2.6
Hedging customer exposures
32
2.6.1
Forward risk management
33
2.6.2
Swap risk management
33
2.6.3
Option risk management
33
2.6.4
Correlation risk management
33
2.7
View-driven exposures
34
2.7.1
Spot-trading strategies
34
2.7.2
Forward trading strategies
35
2.7.3
Single period physically settled "swaps"
35
2.7.4
Single or multi-period financially settled swaps
35
2.7.5
Option-based trades: trading volatility
36
3
Gold
41
3.1
The market for gold
41
3.1.1
Physical Supply Chain
41
3.1.2
Financial Institutions
42
3.1.3
The London gold market
42
3.1.4
The price of gold
44
3.1.5
Fixing the price of gold
44
3.2
Gold price drivers
45
3.2.1
The supply of gold
45
3.2.2
Demand for gold
48
3.2.3
The Chinese effect
51
3.3
The gold leasing market
51
3.4
Applications of derivatives
54
3.4.1
Producer strategies
55
3.4.2
Central Bank strategies
60
4
Base Metals
69
4.1
Base metal production
69
4.2
Aluminium
70
4.3
Copper
73
4.4
London metal exchange
75
4.4.1
Exchange-traded metal futures
76
4.4.2
Exchange-traded metal options
76
4.4.3
Contract specification
77
4.4.4
Trading
77
Contents_ix
4.4.5 Clearing 78
4.4.6
Delivery
80
4.5
Price drivers
81
4.6
Structure of market prices
83
4.6.1
Description of the forward curve
83
4.6.2
Are forward prices predictors of future spot prices?
85
4.7
Applications of derivatives
86
4.7.1
Hedges for aluminium consumers in the automotive sector
86
4.8
Forward purchase
87
4.8.1
Borrowing and lending in the base metal market
88
4.9
Vanilla option strategies
89
4.9.1
Synthetic long put
89
4.9.2
Selling options to enhance the forward purchase price
90
4.9.3
"Three way"
92
4.9.4
Min-max
93
4.9.5
Ratio
min-max
94
4.9.6
Enhanced risk reversal
95
4.10
Structured option solutions
95
4.10.1
Knock-out forwards
95
4.10.2
Forward plus
96
4.10.3
Bonus forward
96
4.10.4
Basket options
97
101
101
101
102
102
102
103
103
103
104
105
106
106
106
108
108
109
109
111
112
5.5
Price drivers
"
114
5.5.1
Macroeconomic
issues I"
5.5.2
Supply chain considerations U7
5
Crude
Ou
5.1
The value of crude oil
5.1.1
Basic chemistry of oil
5.1.2
Density
5.1.3
Sulphur content
5.1.4
Flow properties
5.1.5
Other chemical properties
5.1.6
Examples of crude oil
5.2
An overview of the physical supply chain
5.3
Refining crude oil
5.3.1
Applications of refined products
5.4
The demand and supply for crude oil
5.4.1
Proved oil reserves
5.4.2
R/P ratio
5.4.3
Production of crude oil
5.4.4
Consumption of crude oil
5.4.5
Demand for refined products
5.4.6
Oil refining capacity
5.4.7
Crude oil imports and exports
5.4.8
Security of supply
_Contents
120
121
121
121
122
122
123
124
124
125
126
126
128
135
137
137
142
144
149
149
150
150
150
150
151
152
152
153
153
153
6.4
Deregulation and re-regulation
154
6.4.1
The US experience
154
6.4.2
The UK experience
155
6.4.3
Continental European deregulation
155
6.5
The demand and supply for gas
156
6.5.1
Relative importance of natural gas
156
6.5.2
Consumption of natural gas
157
6.5.3
Reserves of natural gas
158
6.5.4
Production of natural gas
158
6.5.5
Reserve to production ratio
159
6.5.6
Exporting natural gas
160
6.5.7
Liquefied natural gas
160
6.6
Gas price drivers
161
6.6.1
Definitions of price
161
6.6.2
Supply side price drivers
162
6.6.3
Demand side price drivers
164
5.5.3
Geopolitics
5.5.4
Analysing the forward curves
5.6
The price of crude oil
5.6.1
Defining price
5.6.2
The evolution of crude oil prices
5.6.3
Delivered price
5.6.4
Marker crudes
5.6.5
Pricing sources
5.6.6
Pricing methods
5.6.7
The term structure of oil prices
5.7
Trading crude oil and refined products
5.7.1
Overview
5.7.2
North Sea oil
5.7.3
US crude oil markets
5.8
Managing price risk along the supply chain
5.8.1
Producer hedges
5.8.2
Refiner hedges
5.8.3
Consumer hedges
6
Natural Gas
6.1
How
ι
latural
gas is formed
6.2
Measuring natural gas
6.3
The physical supply chain
6.3.1
Production
6.3.2
Shippers
6.3.3
Transmission
6.3.4
Interconnectors
6.3.5
Storage
6.3.6
Supply
6.3.7
Customers
6.3.8
Financial institutions
Contents
6.6.4
The price of oil
164
6.7
Trading physical natural gas
166
6.7.1
Motivations for trading natural gas
166
6.7.2
Trading locations
167
6.7.3
Delivery points
167
6.8
Natural gas derivatives
168
6.8.1
Trading natural gas in the UK
168
168
169
171
173
176
181
181
182
183
184
184
185
186
188
190
191
193
193
196
196
196
196
197
197
197
198
199
199
199
200
200
201
203
203
204
205
206
206
207
6.8.2
On-the-day commodity market
6.8.3
Exchange-traded futures contracts
6.8.4
Applications of exchange-traded futures
6.8.5
Over-the-counter natural gas transactions
6.8.6
Financial/Cash-settled transactions
7
Electricity
7.1
What
is electricity?
7.1.1
Conversion of energy sources to electricity
7.1.2
Primary sources of energy
7.1.3
Commercial production of electricity
7.1.4
Measuring electricity
7.2
The physical supply chain
7.3
Price
drivers of electricity
7.3.1
Regulation
7.3.2
Demand for electricity
7.3.3
Supply of electricity
7.3.4
Factors influencing spot and forward prices
7.3.5
Spark and dark spreads
7.4
Trading electricity
7.4.1
Overview
7.4.2
Markets for trading
7.4.3
Motivations for trading
7.4.4
Traded volumes: spot markets
7.4.5
Traded volumes: forward markets
7.5
Nord
pool
7.5.1
The spot market: Elspot
7.5.2
Post spot: the balancing market
7.5.3
The financial market
7.5.4
Real-time operations
7.6
United states of
america
7.6.1
Independent System Operators
7.6.2
Wholesale markets in the USA
7.7
United kingdom
7.7.1
Neta
7.7.2
UK trading conventions
7.7.3
Load shapes
7.7.4
Examples of traded products
7.7.5
Contract volumes
7.7.6
Contract prices and valuations
xii _Contents
7.8
Electricity
derivatives 207
7.8.1
Electricity forwards
207
7.8.2
Electricity Swaps
209
213
213
214
215
215
215
215
216
217
217
218
219
219
220
222
222
225
225
226
231
231
232
232
233
235
9.6.1
Exchange-traded futures
236
9.6.2
Over-the-counter solutions
237
10
Emissions Trading
241
10.1
The science of global warming
241
10.1.1
Greenhouse gases
241
10.1.2
The carbon cycle
242
10.1.3
Feedback loops
243
10.2
The consequences of global warming
243
10.2.1
The Stern Report
244
10.2.2
Fourth assessment report of the IPCC
244
10.3
The argument against climate change
245
10.4
History of human action against climate change
246
10.4.1
Formation of the IPCC
246
10.4.2
The Earth Summit
246
10.4.3
The Kyoto Protocol
247
8
Plastics
8.1
The chemistry of plastic
8.2
The production of plastic
8.3
Monomer production
8.3.1
Crude oil
8.3.2
Natural gas
8.4
Polymerisation
8.5
Applications of plastics
8.6
Summary of the plastics supply chain
8.7
Plastic price drivers
8.8
Applications of derivatives
8.9
Roles of the futures exchange
8.9.1
Pricing commercial contracts
8.9.2
Hedging instruments
8.9.3
Source of supply/disposal of inventory
8.10
Option strategies
9
Coal
9.1
The basics of coal
9.2
The demand for and supply of coal
9.3
Physical supply chain
9.3.1
Production
9.3.2
Main participants
9.4
The price of coal
9.5
Factors affecting the price of coal
9.6
Coal derivatives
Contents_
rii
10.4.4
From Kyoto to
Marrakech
and beyond
249
10.5
Price drivers for emissions markets
249
10.6
The
EU
emissions trading scheme
252
10.6.1
Background
252
10.6.2
How the scheme works
253
10.6.3
Registries and logs
253
10.6.4
National Allocation Plans (NAPs)
254
10.7
Emission derivatives
254
11
Agricultural Commodities and Biofuels
261
11.1
Agricultural markets
261
11.1.1
Physical supply chain
261
11.1.2
Sugar
262
11.1.3
Wheat
262
11.1.4
Corn
262
11.2
Ethanol
263
11.2.1
What is
ethanol?
263
11.2.2
History of
ethanol
263
11.3
Price drivers
264
11.3.1
Weather
264
11.3.2
Substitution
265
11.3.3
Investor activity
265
11.3.4
Current levels of inventory
265
11.3.5
Protectionism
265
11.3.6
Health
265
11.3.7
Industrialising countries
266
11.3.8
Elasticity of supply
266
11.3.9
Genetic modification
266
11.4
Exchange-traded agricultural and
ethanol
derivatives
266
11.5
Over-the-counter agricultural derivatives
267
12
Commodities Within an Investment Portfolio
269
12.1
Investor profile
269
12.2
Benefits of commodities within a portfolio
270
12.2.1
Return enhancement and diversification
270
12.2.2
Asset allocation
270
12.2.3
Inflation hedge 271
12.2.4
Hedge against the US dollar
271
12.3
Methods of investing in commodities
271
12.3.1
Advantages and disadvantages
271
12.4
Commodity indices
272
12.4.1
Explaining the roll yield 273
12.5
Total return swaps 274
12.6
Structured investments 277
12.6.1
Gold-linked notes 277
12.6.2
Capital guaranteed structures
277
xiv_Contents
12.6.3
Combination structures
278
12.6.4
Non-combination structures
281
12.6.5
Collateralised Commodity Obligations
282
12.7
Analysing investment structures
285
Glossary
287
Notes
299
Bibliography
303
Index
305 |
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| author | Schofield, Neil C. |
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| id | DE-604.BV022827907 |
| illustrated | Illustrated |
| index_date | 2024-07-02T18:42:31Z |
| indexdate | 2024-07-09T21:07:05Z |
| institution | BVB |
| isbn | 9780470019108 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016033173 |
| oclc_num | 85897862 |
| open_access_boolean | |
| owner | DE-355 DE-BY-UBR DE-858 DE-384 DE-634 |
| owner_facet | DE-355 DE-BY-UBR DE-858 DE-384 DE-634 |
| physical | XVIII, 315 S. graph. Darst. |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | Wiley |
| record_format | marc |
| series2 | Wiley finance |
| spelling | Schofield, Neil C. Verfasser aut Commodity derivatives markets and applications Neil C. Schofield Chichester Wiley 2007 XVIII, 315 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Wiley finance Hier auch später erschienene, unveränderte Nachdrucke Commodity exchanges Commodity futures Derivative securities Wirtschaftsgut (DE-588)4066450-8 gnd rswk-swf Derivat Wertpapier (DE-588)4381572-8 gnd rswk-swf Wirtschaftsgut (DE-588)4066450-8 s Derivat Wertpapier (DE-588)4381572-8 s DE-604 Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016033173&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Schofield, Neil C. Commodity derivatives markets and applications Commodity exchanges Commodity futures Derivative securities Wirtschaftsgut (DE-588)4066450-8 gnd Derivat Wertpapier (DE-588)4381572-8 gnd |
| subject_GND | (DE-588)4066450-8 (DE-588)4381572-8 |
| title | Commodity derivatives markets and applications |
| title_auth | Commodity derivatives markets and applications |
| title_exact_search | Commodity derivatives markets and applications |
| title_exact_search_txtP | Commodity derivatives markets and applications |
| title_full | Commodity derivatives markets and applications Neil C. Schofield |
| title_fullStr | Commodity derivatives markets and applications Neil C. Schofield |
| title_full_unstemmed | Commodity derivatives markets and applications Neil C. Schofield |
| title_short | Commodity derivatives |
| title_sort | commodity derivatives markets and applications |
| title_sub | markets and applications |
| topic | Commodity exchanges Commodity futures Derivative securities Wirtschaftsgut (DE-588)4066450-8 gnd Derivat Wertpapier (DE-588)4381572-8 gnd |
| topic_facet | Commodity exchanges Commodity futures Derivative securities Wirtschaftsgut Derivat Wertpapier |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016033173&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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