1 Contents 4
Foreword Guy Isherwood, Editor-in-Chief
Super-Cycle Sunset Commodity returns on the rack
9 The Not-So Super-Cycle A roller-coaster, not a super-cycle
14 Commodity IDBs Expanding products & services
19 Merchandiser News & reports from around the commodity markets
26 Energy e-Trading Survey 2012 Powering up energy trading
CTRM Supplement (Bound-In Supplement)
31 Introduction Market complexity & risk systems development
36 Missing The Middle ... What’s missing in the Middle Office?
42 Valuing & Measuring Risk in Portfolios Accurate valuations & comprehensive risk management
44 Complex Commodity Management Q&A with Triple Point Technology
Commodities Now - News and Forum
46 Commodity Business Awards 2012 Rewarding talent & excellence
#CommoditiesNow Commodities Now
(ISSN 1365-6953) (USPS 016131) is published four times a year:
(March, June, September & December) by Isherwood Production Ltd
Subscription records are maintained by Isherwood Production, 19 Henning Street London SW11 3DR
United Kingdom
48 Value-Chain vs Dedicated CTRM Solutions Choosing the right CTRM System
53 What Next for CTRM Systems? Emerging market trends
57 The Rise & Rise of Forward Curves Their financial, operational & strategic importance
65 Mining: Cost Inflation Deconstructed Rising industry cost components
72 Stalling Growth in Bioethanol Demand Global bioethanol prospects
76 The Swiss Commodity Industry Secrets uncovered
80 Regeneration of Libya’s O&G Sector Secrets uncovered
Commodities Now does not represent
an offer or recommendation to buy or sell or a solicitation to buy or sell any of the products mentioned herein and is not a
substitute for direct professional advice on a specific transaction.
[see full disclaimer on page 92]
83 Futures Equivalent Positions & Risk Curves Commodity derivatives exposure aggregation
89 UK Bribery Act: One Year on Issues for energy market participants
92 Advertisers Index & Production Notes
COMMODITIES NOW (USPS No: 016-131) is published quarterly : by Isherwood Production and distributed in the US by SPP, 95 Aberdeen Road, Emigsville PA. Periodicals postage paid at Emigsville PA. POSTMASTER: send address changes to Commodities Now, PO Box 437, Emigsville PA 17318-0437
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