Commodity Derivatives: Documenting and Understanding Commodity Derivative Products - Hardcover

Edmund Parker And Marcin Perzanowski

Hardcover

ISBN 10: 190578337X ISBN 13: 9781905783373

Publisher: Globe Law and Business, 2010

Synopsis

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. Although the popularity of commodity derivatives has grown spectacularly in recent years, little has been written about the array of products or their documentation. Commodity Derivatives: Documenting and Understanding Commodity Derivative Products examines the full spectrum of commodity derivative transactions. 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 new 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.

About this title

About the Author

Edmund Parker is a partner at Mayer, Brown, specialising in derivatives and structured finance in the firm's London office finance department. He is one of the world's leading credit derivatives experts and advises many of the most active investment banking institutions and other market participants on diverse funded and unfunded credit derivatives matters. He has been instructed on many of the 'new generation' credit derivatives products, such as constant proportion portfolio insurance, constant proportion debt obligations and credit derivative product companies. He has also advised leading financial institutions on managing all of the largest credit events to hit the market in recent years, as well as on the full range of ISDA template documentation and more traditional synthetic collateralised debt obligation and credit linked note structures. He previously practised at Clifford Chance, Sidley Austin, and Gide Loyrette Nouel.

Edition details

• Publisher: Globe Law and Business
• Publication date: 2010
• Language: English
• ISBN 10: 190578337X
• ISBN 13: 9781905783373
• Binding: Hardcover
• Number of pages: 584