Managing Energy Price Risk

• Emphasises fixed income instruments rather than loans, where stochastic future exposures are modelled accurately
• Examines loans, credit derivatives, interest rate derivatives with risky conterparties and convertible bonds
• Provides a thorough analysis of the pricing and hedging of basket credit derivatives and other credit contingent products
• Adapts credit derivative modelling techniques in order to price and hedge the credit component in fixed income derivatives
• It provides a practical discussion of market frictions that impact credit trading
• Complex theoretical issues are illustrated with an unusually high number of examples, tables and figures that have been designed with the practitioner in mind
• It is self-sufficient. Proofs and technicalities are discussed in the appendices of each chapter

Provides a consistent firm-wide platform for pricing, hedging and risk management of credit across a broad range of product classes.

• Emphasises fixed income instruments rather than loans, where stochastic future exposures are modelled accurately
• Examines loans, credit derivatives, interest rate derivatives with risky conterparties and convertible bonds
• Provides a thorough analysis of the pricing and hedging of basket credit derivatives and other credit contingent products
• Adapts credit derivative modelling techniques in order to price and hedge the credit component in fixed income derivatives
• It provides a practical discussion of market frictions that impact credit trading
• Complex theoretical issues are illustrated with an unusually high number of examples, tables and figures that have been designed with the practitioner in mind
• It is self-sufficient. Proofs and technicalities are discussed in the appendices of each chapter