Please send on the Cheryl Nelson.   Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 01/16/2001 01:30 PM -----

	"EnergyDerivatives" <energyderivatives@lacimagroup.com>
	01/13/2001 07:36 PM
		 
		 To: <energyderivatives@lacimagroup.com>
		 cc: 
		 Subject: New Book: Energy Derivatives


Les Clewlow and Chris Strickland are pleased to announce the publication of 
their latest book on the pricing and risk management of energy derivatives. 
"This book should become a standard reference for energy derivatives traders, 
risk managers, energy risk consultants, and anyone else interested in the 
fascinating area of energy derivatives." Mark Garman, CEO FEA 
"Undoubtedly, the book will become an indispensable reference source for risk 
managers, researchers and practitioners interested in understanding complex 
issues arising in modelling energy markets, and in learning modern techniques 
for valuing energy derivatives."  Alexander Eydeland, Southern Energy 
Americas Group 
To see more reviews from Energy Experts, to read chapter summaries and to 
download sample chapters please visit... 
 
http://www.lacimagroup.com/energyderivatives.html

ENERGY DERIVATIVES 
PRICING AND RISK MANAGEMENT 
Les Clewlow and Chris Strickland
 This book provides a comprehensive and technical treatment of the 
 valuation and risk management of energy derivatives, including: 
the behaviour of spot and forward prices 
modelling and estimating volatility 
analysis of structures that exist in the energy derivatives market and their 
applications 
the pricing and hedging of energy derivatives using single and multi-factor 
spot price models 
using simulation and trinomial trees for pricing caps, floors, swaptions, and 
path-dependent securities such as barriers, Asians, lookbacks, and swing 
options 
using multi-factor models of the forward curve, including volatility 
estimation and pricing of exotic derivatives 
risk management of energy derivative positions 
value-at-risk and credit risk for energy derivatives 
  

  
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