1st Edition
How to Hedge Metals A Complete Guide to Hedging for Companies that Produce, Consume, and Trade Physical Metals
Acknowledgements
Introduction
About the Author
Chapter 1: An Introduction to the Concept of Hedging
Chapter 2: Preparation for a Hedging Operation
Chapter 3: Corporate Governance and Risk Management
Chapter 4: Alternatives to Future Hedges
Chapter 5: The Origins of Commodity Exchanges
Chapter 6: Trading on Exchanges
Chapter 7: Physical Services of Exchanges
Chapter 8: Setting Up a Hedging Department
Chapter 9: Preparation for the First Trade
Chapter 10: Physical Contracts
Chapter 11: The Futures Hedge
Chapter 12: Introduction to Options
Chapter 13: Hedging with Futures versus Options
Chapter 14: Conclusions
Glossary
Appendix 1
Appendix 2
Appendix 3
Biography
Lesley began her career in a physical metal trading company where she was responsible for hedging the company’s exposure to metal prices. She moved to an LME ring-dealing member as a broker and began to advise a wide range of clients on risk management. During her career she worked with the Russian government, the World Bank and many of the world’s biggest metal companies. She was a consultant to the LME in London on Training and Education, moved to the LME’s office in Singapore then to Hong Kong. Lesley has presented programmes on Business and Economics for BBC Radio and wrote a financial thriller called “Forged Metal.” She has an MA from Glasgow University in English and Political Philosophy, a Post Graduate Diploma in Corporate Governance and is a former Fellow of the Hong Kong Institute of Directors.
