summary – Enron Corporation’s Weather Derivatives Steve Haik‚ Dan Sleker and Bas van Bellegem – March 2003 Background In October Mary Watts‚ CFO of Pacific Northwest Electric (PNW) reviewed the forward plan for PNW’s 200-2001 season. PNW’s has been experiencing nearly no EPS growth since 1995 due to deregulation and warmer-than-average winter climate. The stock price had suffered accordingly‚ but there maybe a way to hedge the weather risk via a new “weather derivative” being proposed by Enron’s Mike
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developed in the financial markets‚ which are popularly known as DERIVATIVES. As Financial Instruments‚ Derivatives has become very important in last two decades or so. Though the practice of using Derivatives is very old but formal application of these instruments in financial engineering came only recently. A lot of academic research have been carried out on the various aspects of the financial derivatives. Understanding their applications‚ uses and misuses constitutes
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step towards introduction of derivatives trading in India was the promulgation of the Securities Laws(Amendment) Ordinance‚ 1995‚ which withdrew the prohibition on options in securities. The market for derivatives‚ however‚ did not take off‚ as there was no regulatory framework to govern trading of derivatives. SEBI set up a 24–member committee under the Chairmanship of Dr.L.C.Gupta on November 18‚ 1996 to develop appropriate regulatory framework for derivatives trading in India. The committee
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1. Conversion cost is the sum of direct labor cost and direct materials cost. F 2. Depreciation on office equipment would be included in product costs. F 3. When the predetermined overhead rate is based on direct labor-hours‚ the amount of overhead applied to a job is proportional to the estimated amount of direct labor-hours for the job. F 4. Indirect materials are charged to specific jobs. F 5. When a job is completed‚ the goods are transferred from the production department to the finished goods
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values and principles influence practice in a Social Care setting. The source of each individuals values stem from primary socialisation. I‚ myself have been influenced by my parents values and their endeavour to make choices for me and my siblings within a family setting. Those particular values I practiced and developed into my adult life leading to fundamental approaches which I have carried through‚ with some adaptations along the way influenced by other institutional practices (education‚
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Kady kabalo BTEC levels 4 and higher nationals in health and social care Unit title principles of health and social care practice There are many department in health and social care‚ there are provides health care practices in various different of organisations by considering the philosophy of care that provide the rights of the patient. The care practice provides the great support to the patient by providing their protection and make sure they are safe in all aspects of the care organisation
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ACC 551 Midterm Exam Solution Follow the link below http://www.tutorialsguider.com/downloads/acc-551-midterm-exam-solution/ ACC 551 Midterm Exam Solution 1. Question :(TCO C) Under current accounting practice‚ intangible assets are classified as 2. Question :(TCO C) Which of the following intangible assets should not be amortized? 3. Question :(TCO C) The intangible asset goodwill may be 4. Question :(TCO C) ELO Corporation purchased a patent for $90‚000 on September 1‚ 2008. It had a useful
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A PROJECT ON “A STUDY ON HOW DERIVATIVES ARE PROGRESSING IN INDIA” BACHELOR OF COMMERCE FINANACIAL MARKETS SEMESTER VI SUBMITTED In Partial Fulfillment of the Requirements for the Award of Degree of Bachelor of Commerce Financial Markets BY SHRUTI P.NAIK-SATAM (13226) UNIVERSITY OF MUMBAI (2010-2011) ------------------------------------------------- P.T.V.A.’S MULUND COLLEGE OF COMMERCE SAROJINI NAIDU ROAD‚ MULUND
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Since the early 90s‚ the electrical energy sector has undergone profound and dramatic changes. More and more countries moved towards the deregulation of their energy sectors‚ from a regulated and monopolistic industry to one were the market forces of supply and demand determine the unit price of electricity. The first case of energy sector deregulation in Europe was recorded when the United Kingdom with the Electricity Act of 1990 created the Electricity Pool for England and Wales. Norway soon
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AGDA Practice Note Written Proposal Template Written Proposals We advise our members to always provide written proposals to your clients. While writing a proposal may seem like a challenging task‚ you will benefit from the exercise in many ways: • your clients will perceive you as professional – any client who wants to do business without something in writing should be informed it is standard professional practice‚ in keeping with the AGDA Code of Ethics • you will have legal protection
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