Credit enhancement through financial engineering: Freeport McMoRan's gold-denominated depositary shares

Article Abstract:

Freeport-McMoRan Copper and Gold Inc. sold gold-linked depositary shares backed by preferred stock. These financing instruments with embedded derivative served to hedge the exposure to gold price risk, called bundled hedging and shown as superior to conventional hedging.

Mining & Extractive Industries, Mining, Usage, Innovations, Mining industry, Securities, Financial instruments, Freeport-McMoRan Copper and Gold Inc., FCX, Irian Jaya, Indonesia

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Convergence trading with wealth effects: an amplification mechanism in financial markets

Article Abstract:

This equilibrium model provides information on stock market dynamics for risk managers. This model can assist in risk forecasts for stock market investors based upon their capital positions.

Econometrics & Model Building, Statistical Data Included, Models, Investments, Econometrics, Equilibrium (Economics), Business models

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Hedging, speculation, and shareholder value

Article Abstract:

Profit trends of gold mining firms from derivatives transactions are examined. Its implications on shareholder value and hedging are also analyzed.

Forecasts, trends, outlooks, Sales & consumption, Primary nonferrous metals, not elsewhere classified, Hong Kong, Gold ores, Economic aspects, Forecasts and trends, Stockholders, Gold industry, Derivatives (Financial instruments), Market trend/market analysis, Industry sales and revenue

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