In Commodity Derivatives: Markets and Applications, Neil Schofield provides a complete and accessible reference for anyone working in, or studying commodity markets and their associated derivatives. Dealing primarily with over the counter structures, the book provides extensive coverage of both hard and soft commodities, including gold, crude oil, electricity, plastics, emissions and agriculturals. Using structures unique to the individual market, each chapter includes an explanation of the commodity and an analysis of its physical market, discussion on the typical patterns of demand and supply and the main factors that will influence the price of the commodity, and the main products. Each chapter focuses on how the products could be used along the physical supply chain and seeks to identify the main market risks and how they can be hedged. The book then brings into perspective how the structuring banks hedge their own resultant exposure and examines the attraction of OTC investment structures for the wholesale market. Commodity Derivatives: Markets and Applications is essential reading for those wishing to learn about the main features of the commodity markets, the mechanics of derivatives, and how they are applied.
This book provides thorough coverage of the institutional applications of equity derivatives. It starts with an introduction on stock markets' fundamentals before opening the gate on the world of structured products. Delta-one products and options are covered in detail, providing readers with deep understanding of the use of equity derivatives strategies. The book features most of the traded payoffs and structures and covers all practical aspects of pricing and hedging. The treatment of risks is performed in a very intuitive fashion and provides the reader with a great overview of how dealers approach such derivatives. The author also delivers various common sensical reasons on which models to use and when. By discussing equity derivatives in a practical, non–mathematical and highly intuitive setting, this book enables practitioners to fully understand and correctly structure, price and hedge these products effectively, and stand strong as the only book in its class to make these equity-related concepts truly accessible.
Trading the Fixed Income, Inflation and Credit Markets is a comprehensive guide to the most popular strategies that are used in the wholesale financial markets, answering the question: what is the optimal way to express a view on expected market movements? This relatively unique approach to relative value highlights the pricing links between the different products and how these relationships can be used as the basis for a number of trading strategies. The book begins by looking at the main derivative products and their pricing interrelationships. It shows that within any asset class there are mathematical relationships that tie together four key building blocks: cash products, forwards/futures, swaps and options. The nature of these interrelationships means that there may be a variety of different ways in which a particular strategy can be expressed. It then moves on to relative value within a fixed income context and looks at strategies that build on the pricing relationships between products as well as those that focus on how to identify the optimal way to express a view on the movement of the yield curve. It concludes by taking the main themes of relative value and showing how they can be applied within other asset classes. Although the main focus is fixed income the book does cover multiple asset classes including credit and inflation. Written from a practitioner's perspective, the book illustrates how the products are used by including many worked examples and a number of screenshots to ensure that the content is as practical and applied as possible.
Trading Inflation takes a practical, hands-on approach to the subject, with numerous examples to go beyond the 'what' and focus on the 'how' for trading and investing in inflation-indexed products. Written in an accessible style by experienced practitioners, this book provides a consistent and comprehensive framework for understanding and applying the building blocks of this important asset class. Where appropriate, industry-standard Bloomberg-based screenshots are included to show the reader the use of these practical tools. Numerous worked examples are complemented with a set of problems at the end of each chapter with the aim of enhancing understanding. Many of the examples are targeted at using one or both of MS Excel and Bloomberg Professional. Section I covers markets and products and consists of succinct chapters, each a standalone module, covering the essential building blocks in this market. The design of the book allows the reader to pick and choose what are most appropriate modules for their particular uses. Section II focuses on trading and hedging strategies, illustrating various risk measures, models, market peculiarities such as seasonality and relative value analysis. Chapters are included on strategies to express various market views and also how to hedge flows as a market maker. Section III is dedicated to end users of inflation-indexed securities, i.e. the issuers and investors. These in-depth chapters cover detailed examples and case-studies applied to issuer and investor solutions, including the increasingly important area of liability driven investments or LDI.
Commodity Derivatives In the newly revised Second Edition of Commodity Derivatives: Markets and Applications, expert trading educator and author Neil Schofield delivers a comprehensive overview of a wide variety of commodities and derivatives. Beginning with discussions of commodity markets generally before moving on to derivative valuation and risk management, the author then dives into individual commodity markets, like gold, base metals, crude oil, natural gas, electricity, and more. Schofield relies on his extensive experience at Barclays Investment Bank to offer readers detailed examinations of commodity finance and the use of commodities within a wider investment portfolio. The second edition includes discussions of critical new topics like dual curve swap valuation, option valuation within a negative price environment using the Bachelier model, volatility skews, smiles, smirks, term structures for major commodities, and more. You’ll find case studies on corporate failures linked to improper commodity risk management, as well as explorations of issues like the impact of growing interest in electric vehicles on commodity markets. The text of the original edition has been updated and expanded and new example transactions are included to help the reader understand the concepts discussed within. Each chapter follows a uniform structure, with typical demand and supply patterns following a non-technical description of the commodity at issue. Discussions of the physical markets in each commodity and the main exchange-traded and over-the-counter products conclude each chapter. Perfect for commodity and derivatives traders, analysts, and risk managers, the Second Edition of Commodity Derivatives: Markets and Applications will also earn a place in the libraries of students and academics studying finance and the graduate intake in financial institutions. A one-stop resource for the main commodity markets and their associated derivatives Finance professionals seeking a single volume that fully describes the major commodity markets and their derivatives will find everything they need in the latest edition of Commodity Derivatives: Markets and Applications. Former Global Head of Financial Markets Training at Barclays Investment Bank Neil Schofield delivers a rigorous and authoritative reference on a crucial, but often overlooked, subject. Completely revised and greatly expanded, the Second Edition of this essential text offers finance professionals and students coverage on every major class of commodities, including gold, steel, ethanol, crude oil, and more. You’ll also find discussions of derivative valuation, risk management, commodity finance, and the use of commodities within an investment portfolio. Non-technical descriptions of major commodity classes ensure the material is accessible to everyone while still in-depth and rigorous enough to deliver key information on an area central to global finance. Ideal for students and academics in finance, Commodity Derivatives is an indispensable guide for commodity and derivatives traders, analysts, and risk managers who seek a one-volume resource on foundational and advanced topics in commodity markets and their associated derivatives.
Neil Lanctot’s biography of Hall of Fame catcher Roy Campanella—filled with surprises—is the first life of the Dodger great in decades and the most authoritative ever published. Born to a father of Italian descent and an African- American mother, Campanella wanted to be a ballplayer from childhood but was barred by color from the major leagues. He dropped out of school to play professional ball with the Negro Leagues’ Washington (later Baltimore) Elite Giants, where he honed his skills under Hall of Fame catcher Biz Mackey. Campy played eight years in the Negro Leagues until the major leagues integrated. Ironically, he and not Jackie Robinson might have been the player to integrate baseball, as Lanctot reveals. An early recruit to Branch Rickey’s “Great Experiment” with the Brooklyn Dodgers, Campy became the first African-American catcher in the twentieth century in the major leagues. As Lanctot discloses, Campanella and Robinson, pioneers of integration, had a contentious relationship, largely as a result of a dispute over postseason barnstorming. Campanella was a mainstay of the great Dodger teams that consistently contended for pennants in the late 1940s and 1950s. He was a three-time MVP, an outstanding defensive catcher, and a powerful offensive threat. But on a rainy January night in 1958, all that changed. On his way home from his liquor store in Harlem, Campy lost control of his car, hit a utility pole, and was paralyzed below the neck. Lanctot reveals how Campanella’s complicated personal life (he would marry three times) played a role in the accident. Campanella would now become another sort of pioneer, learning new techniques of physical therapy under the celebrated Dr. Howard Rusk at his Institute of Physical Medicine and Rehabilitation. As he gradually recovered some limited motion, Campanella inspired other athletes and physically handicapped people everywhere. Based on interviews with dozens of people who knew Roy Campanella and diligent research into contemporary sources, Campy offers a three-dimensional portrait of this gifted athlete and remarkable man whose second life after baseball would prove as illustrious and courageous as his first.
This series of concise essays on Enteroceptors is designed to interest the gradu ate student and to stimulate research. Even before the advent of electrophysiological studies, classical physiological techniques had shown the essence of the role of many of the enteroceptors. Thus the monitoring influence of the cardiovascular mechanoreceptors on the heart and on the systemic vascular resistance, the role of the arterial chemoreceptors in hypoxia and the influence of the so-called Hering Breuer stretch receptors on breathing had all been documented. The pioneering work of ADRIAN, BRONK, ZOTTERMAN and others using electroneurographic methods gave a remarkable impetus to the study of the enteroceptors themselves. Nowhere is this better exemplificd than in the case of the afferent end organs of the heart, the respiratory tract and the abdominal and pelvic viscera. The remarkable development of our knowledge of the multiplicity of types of nerve endings from the thoracic and abdominal viscera acquired from electrophysiological studies has refocussed our attention on the histological details of the sites of such receptors. Once more research on the structural side has been accelerated by the question raised by evidence obtained from functional studies. This is well illustrated in the case of the carotid body, where the long cherished belief that the innervated epithelioid cells constitute the chemoreceptor complex is now under attack. The detailed consideration of the functional characteristics of each entero ceptor considered has not occupied our whole attention.
Soil physical measurements are essential for solving many natural resource management problems. This operational laboratory and field handbook provides, for the first time, a standard set of methods that are cost-effective and well suited to land resource survey. It provides: *practical guidelines on the soil physical measurements across a range of soils, climates and land uses; *straightforward descriptions for each method (including common pitfalls) that can be applied by people with a rudimentary knowledge of soil physics, and *guidelines on the interpretation of results and integration with land resource assessment. Soil Physical Measurement And Interpretation for Land Evaluation begins with an introduction to land evaluation and then outlines procedures for field sampling. Twenty detailed chapters cover pore space relations, water retention, hydraulic conductivity, water table depth, dispersion, aggregation, particle size, shrinkage, Atterburg limits and strength. The book includes procedures for estimating soil physical properties from more readily available data and shows how soil physical data can be integrated into land planning and management decisions.
This title was first published in 2002.The educational potential of information and communications technology (ICT) has been speculated upon endlessly - from the early days of the micro-computer to the present excitement surrounding virtual education and e-learning . Now, with current multi-billion dollar initiatives such as the UK National Grid for Learning and US Technology Literacy Challenge, ICT is an unavoidable element of education. Yet despite a plethora of promises and policies, new technologies have failed to be wholly integrated into education. Telling Tales on Technology critically examines the role of ICT in education and explores how, given its assumed importance, new technology remains a peripheral part of much of what goes on in education. Based on in-depth qualitative studies, the book takes a comprehensive yet questioning look over the past two decades of educational technology policy and practice and positions it within the wider social, cultural, political and economic notion of the information age . Drawing on interviews with students, teachers, politicians and business people as well as comprehensive documentary analysis, this is an essential text for anyone thinking seriously about the use of ICT in education.
This history of one local church demonstrates the prayerful determination of its membership over five decades to craft a meaningful place of ministry in a spiritually challenging community which dates to the Mayflower Pilgrims. These members purposed to honor God by growing in their relationship with Him and one another through a balanced focus on worship, discipleship, fellowship, ministry, and evangelism. Throughout these years, ups and downs were plentiful, but Gods faithfulness and His joy were always loved by His servants at Dartmouth Bible Church. This history candidly captures those stories and turns the reader back to the Lord with thanksgiving for His loving presence among His people. Includes several appendices of historical data.
Presents the principles of human gene evolution in a concise and easy to understand fashion. Uses examples of how evolutionary processes have molded present day genes, drawn from the evolution of humans and other primates, as well as from more primitive organisms. With increasing attention in this expanding area, this review forms a timely publication of our current knowledge of this important field. Structure and function in the human genome The evolution of gene structure Mutational mechanisms in evolution
How do firms live through and experience change? The authors examine four high-technology firms, providing a rich analysis of their routines, and illustrating how people are continually engaged with change. The book develops a broader concept of routine, and identifies the persistence of routine practices at a strategic level.
The SAGE Handbook of Comparative Politics presents in one volume an authoritative overview of the theoretical, methodological, and substantive elements of comparative political science. The 28 specially commissioned chapters, written by renowned comparative scholars, guide the reader through the central issues and debates, presenting a state-of-the-art guide to the past, present, and possible futures of the field.
Today’s high schools are increasingly based around the use of digital technologies. Students and teachers are encouraged to ‘Bring Your Own Device’, teaching takes place through ‘learning management systems’ and educators are rushing to implement innovations such as flipped classrooms, personalized learning, analytics and ‘maker’ technologies. Yet despite these developments, the core processes of school appear to have altered little over the past 50 years. As the twenty-first century progresses, concerns are growing that the basic model of ‘school’ is ‘broken’ and no longer ‘fit for purpose’. This book moves beyond the hype and examines the everyday realities of digital technology use in today’s high schools. Based on a major ethnographic study of three contrasting Australian schools, the authors lay bare the reasons underlying the inconsistent impact of digital technologies on day-to-day schooling. The book examines leadership and management of technology in schools, the changing nature of teachers’ work in the digital age, as well as student (mis)uses of technologies in and out of classrooms. In-depth case studies are presented of the adoption of personalized learning apps, social media and 3D printers. These investigations all lead to a detailed understanding of why schools make use of digital technologies in the ways that they do. Everyday Schooling in the Digital Age: High School, High Tech? offers a revealing analysis of the realities of contemporary schools and schooling – drawing on arguments and debates from various academic literatures such as policy studies, sociology of education, social studies of technology, media and communication studies. Over the course of ten wide-ranging chapters, a range of suggestions are developed as to how the full potential of digital technology might be realized within schools. Written in a detailed but accessible manner, this book offers an ambitious critique that is essential reading for anyone interested in the fast-changing nature of contemporary education.
The importance of reconciling the continuing needs of humankind with the protection of the environment and the earth's ability to provide for those needs is now better recognised. Chemistry and chemical technology play an important role in this, though not on their own. Interdisciplinarity and multidisciplinarity are, therefore, critically important concepts. This book, the first of its kind, provides an interdisciplinary introduction to sustainability issues in the context of chemistry and chemical technology. The prime objective of this book is to equip young chemists (and others) to better appreciate, defend and promote the role that chemistry and its practitioners play in moving towards a society better able to control, manage and ameliorate its impact on the ecosphere. To do this, it is necessary to set the ideas, concepts, achievements and challenges of chemistry and its application in the context of its environmental impact, past, present and future, and the changes needed to bring about a more sustainable yet equitable world. Covering aspects assumed, barely addressed or neglected in previous publications - it puts Green Chemistry in a much wider (historic, scientific, technological, intellectual and societal) context and addresses complexities and challenges associated with attitudes to science and technology, media treatment of scientific and technological controversies and difficulties in reconciling environmental protection and global development. While the book stresses the central importance of rigour in the collection and treatment of evidence and reason in decision-making, to ensure that it meets the needs of a wide community of students, it is broad in scope, rather than deep. It is, therefore, appropriate to a wide audience including practising scientists and technologists.
Rhetorical training was the central component of an elite Roman man's education, and declamations--imaginary courtroom speeches in the character of a fictional or historical individual--were the most advanced exercises in the standard rhetorical curriculum. The Major Declamations is a collection of nineteen full-length Latin speeches attributed in antiquity to Quintilian but most likely composed by a group of authors in the second and third centuries CE. Though there has been a recent revival of interest in Greco-Roman declamation, the Major Declamations has generally been neglected. Ethics, Identity, and Community in Later Roman Declamation is the first book devoted exclusively to the Major Declamations and its reception in later European literature. It argues that the fictional scenarios of the Major Declamations enable the conceptual exploration of a variety of ethical and social issues. Chapters explore these cultural matters, covering, in turn, the construction of authority, the verification of claims, the conventions of reciprocity, and the ethics of spectatorship. The book closes with a study of the reception of the collection by the Renaissance humanist Juan Luis Vives and the eighteenth-century scholar Lorenzo Patarol, followed by a brief postscript that deftly surveys the use of declamatory exercises in the contemporary university. This much-needed and engaging study will rescue the Major Declamations from generations of neglect, while critically informing current work in rhetorical studies.
This text is unique in bringing together the many disparate aspects of what is variously called internet law, cyber law or electronic commerce ('e-commerce') law. Included is the law relating to online contracts and payment systems, electronic marketing and various forms of cybercrime as well as the regulation of electronic communications networks and services. Insights are also given into emerging areas such as internet libel, online gambling, virtual property, cloud computing, smart cards and electronic cash, as well as the growing use of mobile phones to perform tasks previously carried out.
First published in 1997. There was a time when pollution was equated with the urban and the industrial. But things have changed. What were previously mutually exclusive categories of "agriculture" and "pollution" have been brought together in a new, morally charged atmosphere. Moralizing the environment is a study of how this shift came about. It examines the emergence of the farm pollution problem in Britain in the 1980s. It draws upon a study of the regulation of farm wastes - cattle slurry, silage effluent and the dirty water from farmyards - conducted between 1989 and 1995. Detailed surveys and ethnographic fieldwork were carried out in the south-west of England among dairy farmers, pollution inspectors, agricultural advisers and environmentalists. In trying to get to grips with farm pollution they were pursuing different notions not only of sound agricultural practice but also of nature, morality and the law. What ultimately was at stake was who could be trusted to safeguard the countryside.
A complete review of the issues with specific recommendations and guidelines. With over 1,000 tests commercially available, genetic testing is revolutionizing medicine. Health care professionals diagnosing and treating patients today must consider genetic factors, the risks and limitations of genetic testing, and the relevant law. Genetic Testing: Care, Consent, and Liability offers the only complete, practical treatment of the genetic, clinical, ethical, and legal issue surrounding genetic testing. The authors present protocols, policies, and models of care that are currently in use, and explain the legal framework for genetic testing and counseling that has developed in North America, particularly with regard to the law of medical malpractice. This essential book features an international roster of esteemed contributors including, Nancy P. Callanan, Bonnie S. LeRoy, Carole H. Browner, H. Mabel Preloran, Riyana Babul-Hirji, Cheryl Shuman, M.J. Esplen, Maren T. Scheuner, Dena S. Davis, JonBeckwith, Lisa Geller, Mark A. Hall, Andrew R. MacRae, David Chitayat, Roxanne Mykitiuk, Stephanie Turnham, Mireille Lacroix, Jinger G, Hoop, Edwin H, Cook, Jr., S. H. Dinwiddie, Elliot S. Gershon, C. Anthony Rupar, Lynn Holt, Bruce R. Korf, Anne Summers, S. Annie Adams, Daniel L. Van Dyke, Rhett P. Ketterling, Erik C. Thorland, Timothy Caulfield, Lorraine Sheremeta, Richard Gold, Jon F. Merz, David Castle, Peter J. Bridge, JS Parboosingh, Patricia T. Kelly, Julianne M. O'Daniel, Allyn McConkie-Rosell, Beatrice Godard, Bartha Maria Knoppers, David Weisbrot. The coverage also includes: * Genetic screening, including prenatal, neonatal, carrier, and susceptibility testing * Diagnosis, risk assessment, confidentiality, and clinical/legal issues related to follow-up * Interpreting test results and communicating them to patients * psychological considerations * Informed consent * Family history evaluations * Referral to medical geneticists and genetic counselors Genetic Testing Care, Consent, and Liability is a must-have resource for clinical geneticists, genetic counselors, specialists, family physicians, nurses, public health professionals, and medical students.
Copyright law was once an esoteric backwater, the special province of professional authors, publishers, and media companies. This is no longer the case. In the age of social media and cloud storage, we have become a copying and sharing culture. Much of our everyday communication, work, and entertainment now directly involves copyright law. Copyright law and policy are ferociously contested. Record labels, movie studios, book publishers, newspapers, and many authors rage that those who share music, video, text, and images over the Internet are "stealing" their property. By contrast, copyright industry critics celebrate digital technology's potential to make the universe of movies, music, books, and art accessible anytime and anywhere - and to empower individuals the world over to express themselves by sharing and remixing those works. These critics argue that excessive copyright enforcement threatens that promise and stifles creativity. In Copyright: What Everyone Needs to Know®, Neil Netanel explains the concepts needed to understand the heated debates about copyright law and policy. He identifies the combatants, unpacks their arguments, and illuminates what is at stake in the debates over copyright's present and future.
Designed for all trainee and newly qualified teachers, teacher trainers and mentors, this volume provides a contemporary handbook for the teaching of modern foreign languages, covering Key Stages 2, 3 and 4 in line with current DfEE and TTA guidelines.
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