Feature
Finance and faith
Islamic shari’a law may prohibit interest, but far from discouraging investment, shari’a-compliant structured project finance looks set to grow – particularly in the energy arena, as Maria Kielmas reports
The hedging effect
The effect of hedging on a project’s net present value can be difficult to determine. Brett Humphreys shows how different types of hedging affect the distribution and the expected return of a project
A glimpse of freedom
Merger and acquisition activity in the US utility sector, previously kept in check by the Public Utility Holding Company Act, could be set to swell with the repeal of this act in February, some analysts believe. By Oliver Holtaway
Doctor’s orders
Should you try to hedge a physical asset by simply selling its expected output? Neil Palmer shows how, in some scenarios, either under- or over-hedging could make more sense
Shelter from the storm
Energy companies are showing increased interest in hurricane derivatives, a specialist product that can provide an additional layer of protection on top of insurance. Joe Marsh reports
Buyer and seller beware
As a busy M&A period looms in the US utility sector, a wave of power plant sales seems likely. But those looking to hedge the fuel supply to these assets will find it tricky, given the current volatile gas prices. By Joe Marsh
Pension funds swoop on swaps
Pension fund strategies
The credit congress USA
The annual Credit Congress hosted by Credit magazine in New York on September 19-20 took the theme 'Innovations in CDO Structuring and Trading'. Below is a selection of the Congress highlights. Reports by the Credit team
East meets West - Asia's hunger for Latin American perpetual bonds
Emerging markets
Under Scrutiny - Regulators focus on credit
Regulation
Trouble in paradise
Bondholder Rights
Asia comes of age
Regional focus
Riskpremiums
Chart of the month
All clear?
EU CLEARING & SETTLEMENT
Tests of extreme value theory
TECHNICAL FOCUS EVT
Corp actions messages initiatives gather pace
MANAGEMENT INTELLIGENCE
Briefs
CORPORATE GOVERNANCE
Losses & Lawsuits
LOSS DATABASE
More resources needed to fight financial crime
FINANCIAL CRIME
S&P outlines ERM best practices
MANAGEMENT INTELLIGENCE
Scaling op risk management for small and medium- size institutions
In the first of a series, Eric Holmquist explores the core objectives and components of an operational risk management programme and offers his thoughts on how small and medium-sized institutions can use the concepts behind many of these advanced…
More IT for MiFID
MIFID TECHNOLOGY