Hedging
Asia Corporate Energy Risk Manager of the Year: Etihad Airways
A conservative yet flexible jet fuel hedging programme has proven successful for Etihad
Hedge backtesting for model validation
Hedge backtesting for model validation
Oil producer hedging surges amid Middle East turmoil
Elevated WTI prices, pushed up by regional unrest, are creating opportunities for US oil producers to hedge
Profile: Network Rail sings the praises of two-way CSAs
Getting there
US power hedging suffers from low prices
Low power prices have dented the need for electricity producers and consumers to hedge with derivatives, while regulatory reform is also making life difficult for market-makers. But market participants are optimistic the trend could be reversed. Pauline…
US power traders expect rebound in hedging activity
Power hedging activity could increase with rising prices and greater regional variation across the US
Applied risk management series: Optimising commodity hedging programmes
The design and optimisation of a successful commodity hedging programme requires solid backtesting that meets the needs of different business functions. Using a recent case study, Carlos Blanco and Tamir Druz show how various tests can complement and…
Swedish insurers warn of manipulation threat to new discount curve
Concerns Solvency II-based risk-free curve could be distorted by speculators as market begins to adjust ALM hedges
Lack of CSAs restricts forex hedging options for Australian institutions
Returns for hedging via long-term cross-currency swaps are attractive, but few are able to do so because of the lack of credit support annexes in place
Low Brent creates window of opportunity for hedgers, say analysts
Brent crude oil offers a window for airlines and refiners to lock in prices, but opportunity won’t last forever, say analysts
Economic woes and regulation add to VA hedging challenge
Jumping the hedge
LPI swaps with a smile
LPI swaps with a smile
Thai sovereign entities to hedge out legacy yen exposures as baht strengthens
Recent mark-to-market gains on legacy yen-denominated loans make now a tempting time to hedge, according to Thai market players
Libor/OIS spread challenges insurers' risk management programmes
Spread carefully
Financial transaction tax could raise energy company hedging costs
FTT will increase hedging costs for energy companies and deter them from trading with financial counterparties, firms say
DVA for assets
DVA for assets
Robust hedging of withdrawal guarantees
Robust hedging of withdrawal guarantees
Cutting edge: Hedging price and volumetric risks of fixed-price load-serving contracts in natural gas markets
Cutting edge: Hedging price and volumetric risks of fixed-price load-serving contracts in natural gas markets
The art of creating a corporate energy hedging programme
The philosophy of corporate hedging
Energy Risk Europe: Austrian Airlines risk manager rails against hedging
Austrian Airlines risk manager argues fuel hedging delays firms' adaptation to higher costs and should be avoided
The final frontier: renminbi hedging and Africa
The final frontier
Uncleared margin rules threaten E&P hedging
Pushed to the margins