Hedging
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The UFR curve conundrum
Tullett Prebon launches private equity hedge for Solvency II
Will reduce capital charge by at least 75%, inter-dealer broker claims
JP Morgan loss was bungled attempt to cut Basel III RWAs, says Dimon
Loss-making unit's RWAs would have tripled under Basel III, JP Morgan chief executive says - but attempting to cut capital burden made its hedges more complex
Securitisation market seeks SPV clearing carve-out
Securitisation would be "a lot less viable" if SPVs do not qualify for clearing exemption, says Isda
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Efficient hedging – Using market distortion to your advantage
Outlook for corporate hedging as banks pull back from energy markets
A shrinking pool
Advert raises questions about US Airways' stance on fuel hedging
US Airways, which has stood out from the rest of the airline industry in recent years because of its refusal to hedge fuel costs, wants to hire someone to run a fuel hedging programme. The airline denies that it is reversing its stance on fuel hedging,…
Airline hedging falling short of best practices
Turbulence ahead
Analysts still sceptical of Delta Air Lines refinery acquisition
This week, Delta Air Lines confirmed rumours that it was purchasing a refinery on the US east coast, a first-of-its-kind transaction. As details of the deal have emerged, some observers have warmed up to the idea that Delta can better manage its fuel…
Fears over China slowdown hit commodities hedging
Undermining commodities hedging
Valuation of commodity structures in co-integrated futures markets
Valuation of commodity structures in co-integrated futures markets
Risk management strategy low priority for many European energy buyers: survey
Most respondents think oil prices will rise – but few have risk management policies in place to cope with it
To clear or not to clear? Corporates urged to weigh options
Despite hard-won exemptions, corporates should consider the pros and cons of clearing, according to panellists at an ACT event - but treasurers remain unconvinced
Possible Delta Air Lines refinery acquisition raises eyebrows
Analysts have been stunned by reports that Delta Air Lines is considering the purchase of an idled ConocoPhillips refinery on the US east coast. The unprecedented deal would provide Delta with an in-house source of jet fuel, but the problems inherent in…
Corporate hedging strategies affected by banking regulations: survey
Despite ‘end-user’ exemptions, strengthened banking regulations are likely to impact energy corporates due to their reliance on banks and other financial firms to manage hedging programmes, says a survey by Greenwich Associates
Risk Annual Summit: DVA hedging creates systemic risk, says Brigo
King's College professor of finance Damiano Brigo says regulators should clamp down on dealers looking to hedge debit value adjustment gains by selling CDS protection on closely correlated names
Low US natural gas prices stir hedging talk
As the boom in North American shale gas production continues to feed an oversupplied market, US natural gas prices sank to 10-year lows last week. Gas consumers are taking a serious look at seizing the opportunity to lock in prices — but remain hesitant…
Seeking opportunities in coal trading
It's all relative
Australian super funds look to cross-currency basis swaps
Cross purposes
Refiners step up hedging activity
Refineries in Europe have stepped up their hedging activity in recent months as they take advantage of a recovery in margins, market participants say
CFTC's Sommers and O'Malia attack 'unworkable' Volcker rule
Republicans dismiss prop trading ban as overly complex, unworkable and unenforceable
Power plant hedging strategies
Comparing delta-hedging strategies