Description
Book SynopsisPrice Risk Management and Trading. Energy risk management expert, Tom James, does it again. His latest book is a timely addition to the rapidly developing energy trading markets. This book should be on every energy trader, risk manager and corporate planer's desk.
Table of ContentsIntroduction vii
1. Risk Management in Energy Markets 1
2. The Energy Derivatives Markets 9
3. Energy Futures Contracts 27
4. Pricing Middle East Crude in the Next Century 73
5. Emissions Trading — Towards a Global Carbon Market 117
6. Options Trading and Hedging Application Strategies 135
7. Energy Option-pricing Models 157
8. Value at Risk and Stress Testing 163
9. Questions to Ask When Establishing a Risk-Management or Trading Program 175
10. Management Controls 179
11. Derivatives Controls & Usage Statement and Control Infrastructure 201
12. OTC Derivatives Legal Documentation 213
13. Energy-Market Hedging Scenarios 249
14. Key Technical Analysis for Energy Futures Markets 269
15. Operational Risk and its Management 305
16. A Practical Guide to Credit Control and Risk-Mitigation Methods 315
17. Accounting for Energy Derivatives Trades 343
Index 357
