Standard Bank Group Precious Metals Financing And Hedging Techniques For The Gold Jewellery Industry Dubai, 21st February 2005 Jeffrey Rhodes Agenda What Is Hedging?

PDI Direct Competitors Cost Structure Hedging Philosophy Derivative Financial Instruments Metals Hedging Metal Purchase Hedging Metal Purchase Hedging Foreign ...

Trading minerals and metals Olle Östensson, Caromb Consulting * Outline of ... exchanges through clearing houses Can be tailor-made to match specific hedging needs ...

No hedging agreements in place Fair Values of Instruments In 2002: $20.3 million recorded as loss on forward contract $0.8 million recorded as loss on foreign currency ...

... to sale, storage and movement of commodities initiated Shift from administered pricing to free market pricing – WTO regime Overseas hedging has been allowed in metals ...

Major Non Ferrous Metals Copper Aluminum Zinc Nickel Lead ... Encourage value-chain participants for hedging Specifications Specifications Thank You Base metals supply ...

British Pound . Financial . Metals & Energy . Agriculture . Currencies ... Hedging Interest Rate Risk . Suppose that you have purchased a 10 year T-Bond ...

Hedging Interest Rate Risk Treasury/Eurodollar Futures Derivative Securities Stocks ... Yen LIBOR Gold Milk Euro Treasuries Copper Lumber British Pound Financial Metals ...

Fifth Third trades financially in the energy, base metals, interest rate and ... Fuel Hedging . Reasons to financially hedge: Lock in the cost of gasoline ...

Full Carry Markets Precious Metals Figure 5.2 shows gold prices for the JUN and DEC ... Hedging Worldwide Crude Oil There are different kinds of crude oil originating around ...

hedging or risk management; speculate or strive for enhanced returns ... agricultural goods initially and later other goods/commodities - e.g metals and ...

Metals and Energy Research Religare Enterprises Ltd Religare Enterprises Ltd is a ... Desk This desk deals exclusively with the Corporates, assisting them in the hedging ...

Steel is not one hundred percent iron it contains other metals such as Carbon (0.15%), Silicon (0.01%), Sulfur (0.05%) and Phosphorous (0.02%) and the iron content is 99 ...

Price Bands Hedging through OTC Options - Zero Cost Collars (Price Bands ... the sharpest falls over the past month Falls have been most severe in oil and metals ...

... Term Loan Facility Closing of all nickel, zinc and foreign exchange risk hedging ... September Minor hold-ups caused by technical problems during Q4 2009 at the metals ...

... transactions Integration of financing & commodity markets Commodity Hedging: ability ... Debt Financing Platform Global Commodities Platform Industrial Materials Base Metals ...

First Metals – Fabie ; Not to mention projects NOT shut down but limping ... Hedging associated with debt facility covers 30% of ’09-’11 production (worth ...

Metals. 3%. Energy. 21%. Commodities & Other. 7%. Foreign Exchange. 4%. Equities. 28%. Diverse Products ... Customers, utilizing a wide range of trading goals and strategies for both hedging ...

... and emergence of inflation Introduction: A golden opportunity Precious metals can ... benefits of capital preservation, appreciation, portfolio diversification and hedging ...

The Mining & Metals’ team provides financing, advisory, trading and hedging services exclusively to the mining, metals and minerals industries