Commodity exchanges : concepts, tools and guidelines / Issouf Soumaré, (Professor of Finance, Department of Finance, Insurance and Real Estate, Laval University, Québec, Canada).

Format:

Book

Author/Creator:

Soumaré, Issouf, author.

Contributor:

Edward Elgar Publishing, publisher.

Language:

English

Subjects (All):

Commodity exchanges--Handbooks, manuals, etc.

Commodity exchanges.

Genre:

Electronic books.

Physical Description:

1 online resource (328 pages)

Place of Publication:

Northampton : Edward Elgar Publishing, 2022.

Summary:

"Commodities are basic goods used in commerce and are most often used as inputs in the production of other semi-finished or finished materials. They are very important products in our lives today and constitute non-negligible sources of income for many countries. This book serves as a guide to the marketing of these goods and provides scholars and commodity market participants with useful concepts, tools and guidelines to better organize and operate commodities exchanges. Issouf Soumareé explains in detail commodities exchanges, from conceptualization of the exchange to its operationalization. He describes the architecture of a typical commodities exchange, looking at its trading and clearing functions, the warehouse receipt system and the regulatory framework. The book also presents practices of commodities exchanges around the world and discusses commodity products and instruments traded on these exchanges, their pricing and usage. This book is very useful and timely, as many emerging countries are setting up commodities exchanges. Academics interested in commodities and their marketing as well as industry professionals such as commodity traders, commodity exporters, risk managers, clearing officers, market makers, commodity producers, agricultural cooperatives, commodity processors, bankers, warehouse operators, and regulators will find this a useful reference"-- Provided by publisher.

Contents:

Contents: Preface

Part I: Commodities markets

1. Commodities: Definition, classification and markets

2. Renewable commodities

3. Non-renewable commodities

Part II: Commodities exchange: Ecosystem and organization

4. Commodities exchanges around the world

5. Economic value of commodities exchanges

6. Commodities exchange architecture

7. Warehouse receipt system, commodity storage and product quality control

8. Stakeholders and key participants in a commodities exchange

Part III: Commodities exchange: Markets, instruments and financing mechanisms

9. Commodity spot and physical markets

10. Commodity forward and futures markets

11. Commodity derivatives markets

12. Financing mechanisms for the agricultural sector and sovereign funds

Part IV: Commodities exchange: clearing, risk management, governance and regulation

13. Clearing house and central counterparty (ccp)

14. Risk management

15. Governance and regulatory issues

16. Useful guidelines for a successful commodities exchange

Index.

Notes:

Includes bibliographical references and index.

Description based on print record.

ISBN:

9781800887046 (e-book)

Access Restriction:

Restricted for use by site license.