Energy Hedging In Asia: Market Structure And Trading Opportunities (finance And Capital Markets Series)

This book focuses on the latest developments in the Asia-Pacific community in terms of how deregulation and privatization are bringing more risk to energy companies. In the light of these market changes, interest in energy risk management has grown substantially and is becoming a fiduciary responsibility of energy companies. As energy trading, power exchanges and hedging techniques establish themselves in the oil, power and gas sectors, so then do newer derivatives markets emerge in LNG hedging, whether derivatives or freight hedging. Fusaro and James, as seasoned market practitioners in the region, focus on these market changes and examine the future of Asian energy hedging. Cover......Page 1 Contents......Page 6 List of Tables and Figures......Page 8 Preface......Page 10 Foreword......Page 12 1 Megatrends of the Asia Pacific Energy Trading......Page 14 2 The ABCs of Energy Hedging......Page 18 3 Energy Futures Exchanges and OTC Trading......Page 54 4 Setting up Your Energy Derivatives Policy......Page 68 5 Energy Hedging with Derivatives – Applications......Page 73 6 Options in Hedging Applications......Page 87 7 LNG Hedging......Page 102 8 Energy Risk Management in Japan......Page 112 9 Energy Developments in Southeast and South Asia......Page 124 10 Electronic Energy Trading in Asia......Page 149 11 ISDA 2002, The ISDA Master Agreement Ten Years On......Page 170 12 Derivative Hedge Accounting......Page 208 13 GreenTradingTM: Managing Financial Risk for the Environment in Asia......Page 220 14 What’s on the Horizon for Asian Energy Markets......Page 230 Appendix 1 ISDA – A SURVEY – 2004......Page 234 Appendix 2 ISDA 2002 – Chinese Version......Page 244 A......Page 288 B......Page 294 C......Page 302 D......Page 319 E......Page 325 F......Page 329 G......Page 333 H......Page 336 I......Page 338 J......Page 340 L......Page 341 M......Page 344 N......Page 349 O......Page 355 P......Page 359 Q......Page 364 R......Page 365 S......Page 370 T......Page 378 U......Page 382 V......Page 383 W......Page 385 Z......Page 387 C......Page 388 E......Page 389 G......Page 390 J......Page 391 N......Page 392 P......Page 393 S......Page 394 Z......Page 395 "This book focuses on the latest developments in the Asia-Pacific community in terms of how deregulation and privatization are bringing more risk to energy companies. In the light of these market changes, interest in energy risk management has grown substantially and is becoming a fiduciary responsibility of energy companies. As energy trading, power exchanges, and hedging techniques establish themselves in the oil, power, and gas sectors, so then do newer derivatives markets emerge in LNG hedging, weather derivatives, and freight hedging. Fusaro and James, as seasoned market practitioners in the region, focus on these market changes and examine the future of Asian energy hedging."--BOOK JACKET