14.11.2012 - Commodities house of the year
Barclays set itself apart from the commodities crowd once again this year, impressing clients with its range of solutions and providing innovative answers to the investment and hedging challenges faced by strategists and fund managers. This year's innovations from Barclays included its first option on the spread between aluminium and the cost of energy used for production, which was a bespoke solution created for a European aluminium smelter. Launched in February 2012, the trade worked by allowing the client to lock in the ratio of its power costs relative to aluminium revenue for the first year, by buying physical power and selling a swap on aluminium...............................................Full Article: Source
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