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Friday, 12 February 2016

Commodity Derivatives

Hong Kong sets swaps clearing deadline

IFR 2119 6 February to 12 February 2016

The Hong Kong Monetary Authority and the Securities and Futures Commission have agreed a deadline of September 1 for the implementation of the first phase of Hong Kong’s mandatory clearing regime for OTC swaps as the jurisdiction prepares to fall in line with the G20 commitments agreed in 2009.

Funds capitulate as oil falls

IFR 2117 23 January to 29 January 2016

Short positions from speculative investors in crude oil futures contracts reached a record high last week as investors appear to have finally embraced a continuation of falling energy prices.

A pump jack operates at a well site

Abandoned hedges take toll on producers

IFR 2116 16 January to 22 January 2016

A rash move by US energy producers to let hedges roll off at the end of last year has left the market dangerously exposed to oil prices that have tanked far below the cost of production and may have a lot further to fall.

A pump jack operates at a well site

US energy companies warned on under-hedging

11 January 2016

Bank of America Merrill Lynch warned Monday that US energy producers are seriously under-hedged in the face of crude prices that have been sliding lower for months.