American Metal Market Methodology. The Process Behind Our Pricing
|
|
- Elaine Audrey Walters
- 6 years ago
- Views:
Transcription
1 American Metal Market Methodology The Process Behind Our Pricing
2 Brands The original metals price reporting agency since 1882 with more than 1200 proprietary price assessments in 25 regions across North America Global Price Reporting Agency with over 950 proprietary price assessments covering every major trade region Research and consulting business providing a series of short-term and long-term forecasting services to our pricing Page 1
3 Mission Statement The Metal Bulletin Group aims to provide leading pricing intelligence, including independent industry benchmarks, for the metal and mining industry. The group s global portfolio of news, analysis, conferences and insight services complement these price benchmarks. Page 2
4 Global Price Reporting Network The worlds largest dedicated metals price reporting team with offices in London, New York, Pittsburgh, Shanghai, Hong Kong, Sao Paulo, Melbourne, Singapore, Mumbai, CIS, Istanbul, and 5 other US locations (including Chicago). Page 3
5 How are AMM prices used? Price benchmarks for contracts Inventory valuation purposes Price Discovery Internal sales & purchasing performance evaluation Market trend analysis Page 4
6 AMM as a Price Reporting Agency The Metal Bulletin Group, which includes American Metal Market, is a leading price reporting agency (PRA) and intelligence provider for the metal & mining markets. Our market reporters assess over 2000 non-ferrous, ferrous, raw material and non-metallic mineral prices, many of which are the industry standard benchmarks, trusted and used across the industry supply chain. Breadth and depth of metals and minerals expertise and coverage Impartial and independent PRA which engages with all sides of the market Highly developed skills and processes in assessing prices and calculating indices Independent and transparent methodologies and price specifications Unique systems and technology infrastructure to ensure data integrity Pricing practices aligned to core IOSCO principles Our assessments and indices are used by our clients for contract pricing and internal applications The world s major exchanges (e.g. SGX, CME) use our prices to settle financial and risk management contracts Under a data licence agreement we are able to supply our data as direct feeds (XML, API) or via thirdparty vendors Page 5
7 How do we assess prices? Two methodologies Indexes and Assessments Indexes: single number, a volume-weighted average of transaction data. Methodology generally employed in comparatively liquid market. Assessments: the bulk of our prices; they can be a single number or a spread/range of reported representative business Both methodologies aim to produce an independent and transparent price reference representative of where the bulk of the SPOT market is Page 6
8 How does AMM serve the spot market? Derivatives Our objective when we assess the market is to produce prices representative of what happens in the spot market. F Long-term contracts Spot Spot markets influence the rest of the market despite being a fraction of the whole traded volume Page 7
9 The Assessment Methodology Data collection is more than simple data gathering data collected must match our required price specs. Key questions that reporters ask to understand and analyze the context around a deal: What price? What volume? What material? What delivery terms? Any special terms? Who with? Page 8
10 The Assessment Methodology Price Discovery Process Data Collection Data Analysis Assessment Produced Canvassing the market to collect data points spot deals, bids/offers - from market sources. High quality PRA s will have a wider net of contacts from which to draw to collect data points AMM s Code of Conduct ensures integrity through this process Data is analyzed, if required normalized. Outliers are removed. The AMM editorial team act as quality control for the data collection process AMM s database enables fully auditable analysis of data Greater weighting on transaction data, bid/offers, deals heard, market participants indication of value Context of deal is important Assessments are peer-reviewed - Before an assessed price is published in AMM it has been reviewed by no less than 2 members of editorial, including a senior member of the team. Page 9
11 The Assessment Methodology Price Discovery Process Peer review and editor s sign-off to ensure adherence to methodologies and rigour 1 st market reporter collects market data, analyses and sets the price. 2 nd market reporter peer reviews the data, notes and the set price. Approves/reject; sends form to the Editor. Editor s final review; if all is OK the assessment is signed-off for publication Page 10
12 How does AMM serve the long-term contract market? Assessed prices can be used to trigger escalation/de-escalation clauses in contracts to protect counterparties engaged in long-term contracts from market volatility. Page 11
13 Market Specifications Currency Unit of measure Location Incoterm Source Launch date Frequency Page 12
14 What are the IOSCO Principles? IOSCO Principles for Price Reporting Agencies The Principles are best practices on: Governance and oversight Quality and integrity of the methodologies Accountability and Audit Page 13
15 How does AMM align with the IOSCO requirements? A strong Code of Conduct, policies and reporters training to ensure we act with knowledge independence, impartiality and integrity. All methodologies are published to ensure our price reporting process is fully transparent to stakeholders (subscribers, market participants and regulators) All changes to methodology and/or price specification are implemented only after have sought and considered market participants views and feedback A fully auditable process developed following the IOSCO requirements Page 14
16 Complaint Policy If you wish to raise an issue, there are several avenues through which to voice your concern: Routine inquiries through the market reporter Escalation to an AMM Editor Escalation to Corporate Personnel via a Formal Complaint details of how to file a formal complaint are available on AMM.com/pricing/methodology Page 15
17 Thank you and questions We invite you to participate in the price discovery process by becoming a data submitter. editor@amm.com to ask for a copy of our data submitter policy. My contact: Michael Cowden, correspondent, steel mcowden@amm.com For information about AMM licenses, please call Page 16
Metal Bulletin Chrome Ore Guide
Metal Bulletin Chrome Ore Guide Methodology, Specifications and Usage February 2017 Metal Bulletin Chrome Ore Index Guide Methodology, Specifications and Usage - January 2017 This guide is intended to
More informationMetal Bulletin Copper Concentrates Index Guide
Metal Bulletin Copper Concentrates Index Guide Methodology, Specifications and Usage June 2016 Revised and Updated Metal Bulletin Copper Concentrates Index Guide Methodology, Specifications and Usage -
More informationPrice discovery in battery raw materials A news-based perspective
Price discovery in battery raw materials A news-based perspective Barbara O Donovan, Industrial Minerals Advanced Automotive Battery Conference Mainz 2017 Agenda 1.Industrial Minerals: Price discovery
More informationAlumina Indices fob Bunbury, Australia fob Vila do Conde, Brazil (adjustment) Methodology, specifications and use
fob Bunbury, Australia fob Vila do Conde, Brazil (adjustment) Methodology, specifications and use December 2017 Mission statement Metal Bulletin is the premier global intelligence service for metals and
More informationMidwest Ferrous Scrap Index. Methodology and Price Specifications
Midwest Ferrous Scrap Index Methodology and Price Specifications Last reviewed: November 2017 American Metal Market (AMM) is part of the Metal Bulletin Group, a leading global provider of information and
More informationUS Ferrous Scrap Export Index. Methodology and Price Specifications
US Ferrous Scrap Export Index Methodology and Price Specifications Last reviewed: May 2017 American Metal Market (AMM) is the leading independent supplier of market intelligence and pricing to the North
More informationMETALS Products. Where the metals market
METALS Products Where the metals market manages risk. In a world of increasing volatility, customers around the globe rely on CME Group as their premier source for managing risk across all major asset
More informationADVANCING YOUR ORGANIZATION S MISSION. Services for Foundations and Endowments
ADVANCING YOUR ORGANIZATION S MISSION Services for Foundations and Endowments CHAMPIONING YOUR CAUSE You have an important mission to promote, but managing the financial details can be challenging. Overseeing
More informationICE DATA INDICES, LLC
ICE DATA INDICES, LLC CHARTER OF THE INDEX GOVERNANCE COMMITTEE OF ICE DATA INDICES, LLC 12 January 2018 CHARTER OF THE INDEX GOVERNANCE COMMITTEE OF ICE DATA INDICES, LLC v 1.1 12 January 2018 1 1. PURPOSE
More informationStatement regarding IOSCO Principles
Statement regarding IOSCO Principles Introduction The "Principles for Financial Benchmarks" ("Principles") were published by the International Organization of Securities Commissions ( IOSCO ) on 17 July
More informationSWIFT for SECURITIES. How the world s post-trade experts can help you improve efficiency, and prepare for tomorrow
SWIFT for SECURITIES How the world s post-trade experts can help you improve efficiency, and prepare for tomorrow 2 1 2 3 4 Your global automation partner A complex and changing landscape Solutions across
More informationTHOMSON REUTERS BENCHMARK SERVICES LIMITED
THOMSON REUTERS BENCHMARK SERVICES LIMITED Complaints & Operational Enquiries Handling Policy Page 1 of 9 Contents Chapter 1 Introduction... 3 1.1 Regulatory Environment... 3 1.2 Document Scope... 3 1.3
More informationENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) INVESTMENT TRENDS
FROM MSCI ESG RESEARCH LLC. ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) INVESTMENT TRENDS Michelle Lapolla Friedman, Executive Director, MSCI ESG Research August 2017 INTRODUCING MSCI ESG RESEARCH 170+ ESG
More informationMSCI BLENDED INDEX FAMILY - BENCHMARK STATEMENT
MSCI BLENDED INDEX FAMILY - BENCHMARK STATEMENT [Szerző] March 2018 MARCH 2018 CONTENTS Benchmark Statement: MSCI Blended Index Family... 3 1 Objective of the Indexes in the Family... 3 2 Methodology and
More informationMarkit Exchange Traded Product
2014 Solutions Markit Exchange Traded Product The most advanced, comprehensive view of the global ETP market, serving all market participants ETP Multi-Asset Composition Data ETP Encyclopedia ETP Analytics
More informationInternational Listings on ASX. Road to growth and opportunity
International Listings on ASX Road to growth and opportunity Disclaimer: This is not intended to be financial product advice. To the extent permitted by law, ASX Limited ABN 98 8 624 691 and its related
More informationStatement of Compliance with IOSCO Principles TRY Implied. Citibank, N.A. London Branch
Statement of Compliance with IOSCO Principles TRY Implied Citibank, N.A. London Branch October 2016 Introduction: Statement of Compliance Citibank N.A., London Branch ( CBNA ) develops, calculates and
More informationT. ROWE PRICE STATEMENT OF COMPLIANCE: UK STEWARDSHIP CODE
T. ROWE PRICE STATEMENT OF COMPLIANCE: UK STEWARDSHIP CODE Introduction T. Rowe Price International Ltd ( T. Rowe Price ) agrees it is appropriate for institutional to fulfill certain governance and oversight
More informationChinese Certified Emissions Reductions (Golden CCERs) Methodology
Copyright 2017 Reed Business Information Ltd. ICIS is a part of the RELX Group. Chinese Certified Emissions Reductions (Golden CCERs) Methodology 28 March 2017 Expiry date of this methodology document:
More informationMSCI INDEX - OVERSIGHT COMMITTEE
MSCI INDEX - OVERSIGHT COMMITTEE Terms of Reference October 2017 OCTOBER 2017 GENERAL MSCI uses four main committees to provide overall oversight and governance for benchmark administration for MSCI indexes
More informationBLOOMBERG BENCHMARK MARTER ARKETS
BLOOMBERG BENCHMARK MARTER ARKETS CONTENTS 02 INTRODUCING THE BMRK MAGENTA LINE 03 PRE-TRADE TRANSPARENCY & LIQUIDITY 04 MARKET MAKING 05 MARKET-CALIBRATED PRICES 06 TRANSPARENCY TOOLS 07 DERIVED BENEFITS
More informationFTSE Country Classification Process What constitutes a country?
FTSE Country Classification Process What constitutes a country? ftserussell.com December 2014 Contents FTSE Country Classification Process: What constitutes a country?... 3 FTSE Russell FTSE Country Classification
More informationChina Sourcing Update
Fung Business Intelligence China Sourcing Update January 26, 2018 Raw Material Prices: Hard Goods 1. Price index of ABS resin goes up in December The price index of ABS resin 1 rose by 1.7% mom in December,
More informationTax Effective Supply Chain Management (TESCM)
Tax Effective Supply Chain Management (TESCM) EY s global TESCM network Amsterdam San Jose Los Angeles Mexico City Dallas Houston Detroit Toronto Boston New York Philadelphia Pittsburgh Minneapolis Chicago
More informationSGX reports FY2018 net profit of S$363 million
News Release 27 July 2018 SGX reports FY2018 net profit of S$363 million FY2018 Financial Summary Revenue: S$845 million, up 5% from a year earlier Operating profit: S$425 million, up 6% Net profit: S$363
More informationGoldman Sachs. Summary of Global Index Control Framework
1 Introduction Goldman Sachs Summary of Global Index Control Framework This Summary is being published in compliance with Principles 4 and 5 of the Principles for Financial Benchmarks published by the
More informationFAQs. FTSE China Onshore Bond Index Series
FAQs FTSE China Onshore Bond Index Series ftserussell.com February 2015 Contents The FTSE China Onshore Bond Index Series FAQs... 3 1. What types of bonds are eligible for inclusion?... 3 2. What kinds
More informationStatement of Compliance with IOSCO Principles. Citigroup Global Markets Limited
Statement of Compliance with IOSCO Principles Citigroup Global Markets Limited June 2017 Introduction: Statement of Compliance Citigroup Global Markets Limited ( CGML ) develops, calculates, publishes,
More informationMoving precious metals into to the
Link to Article on website Moving precious metals into to the modern world 1 Executive summary The rapid rise in the gold market's infrastructure in Asia in the past decade is now being followed by increasing
More informationSGX reports 1Q FY2018 net profit of S$91 million
News Release 25 October 2017 SGX reports FY2018 net profit of S$91 million FY2018 Financial Summary Revenue: S$204 million, up 7% from a year earlier Operating profit: S$106 million, up 9% Net profit:
More informationREGULATION UPDATE. Overview and Update. Sakhila Mirza General Counsel, LBMA
REGULATION UPDATE Overview and Update Sakhila Mirza General Counsel, LBMA REGULATION A WORLD OF ACRONYMS Where to begin EMIR MIFIR/MIFID NSFR/Basel III AML Directive FCA ESMA FEMR ISCO EP MAD/MAR Regulations
More informationLithium pricing at a crossroads
Lithium pricing at a crossroads v The case for choosing an Argus lithium price benchmark LME Advisory Panel Wednesday 10 th October 2018 London Houston Moscow Singapore Dubai New York Beijing Kiev Tokyo
More informationAgriculture - Investor Ready? Presented by Becs Willson
Agriculture - Investor Ready? Presented by Becs Willson Legal Notice This presentation is being provided solely for informational purposes and does not constitute an offer to sell or a solicitation of
More informationIndex Correction Policy & Procedures. Foxberry Ltd 27 th April, 2018
5fc2a46424ec1faf8433393f2a0916a8e6cfd04b Index Correction Policy & Procedures Foxberry Ltd 27 th April, 2018 Foxberry Ltd is authorised and regulated by the Financial Conduct Authority 2018 Foxberry Ltd.
More informationChina Sourcing Update
Fung Business Intelligence China Sourcing Update February 28, 2018 Raw Material Prices: Hard Goods 1. Price index of ABS resin rises in January The price index of ABS resin 1 went up by 1.2% mom in January,
More informationMarket Outlook and Price Assessments in China
Market Outlook and Price Assessments in China Dave Ernsberger Editorial Director, Asia Platts Qingdao, China July 24, 2004 1 Agenda Introduction to Platts: present and future Platts assessment methodology
More informationESMA Risk Assessment Work Programme 2017
ESMA Risk Assessment Work Programme 2017 ESMA50-1121423017-286 Table of Contents 1 Summary... 3 2 Introduction... 4 2.1 Objectives of ESMA Risk Assessment... 4 2.2 Coverage... 4 2.2.1 Risk monitoring and
More informationTECHNOLOGY BEHIND DINARDIRHAM
TECHNOLOGY BEHIND DINARDIRHAM What is BLOCKCHAIN? A blockchain is a type of distributed ledger, comprised of unchangable, digitally recorded data in packages calledblocks. These digitally recorded "blocks"
More informationTempleton Emerging Markets Smaller Companies Fund
Franklin Templeton Investment Funds Templeton Emerging Markets Smaller Companies Fund Core Value Fund Profile Fund Details Inception Date 18 October 2007 Investment Style Benchmark(s) Core Value MSCI Emerging
More informationPRESS RELEASE. ESMA and the EBA publish final principles on benchmarks
Date: 06 June 2013 ESMA/2013/684 PRESS RELEASE ESMA and the EBA publish final principles on benchmarks The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have
More informationSGX reports 2Q FY2018 net profit of S$88 million
News Release 19 January 2018 SGX reports FY2018 net profit of S$88 million FY2018 Financial Summary Revenue: S$205 million, up 3% from a year earlier Operating profit: S$103 million, up 1% Net profit:
More informationRMB INTERNATIONALIZATION
RMB INTERNATIONALIZATION RMB INTERNATIONALIZATION CHAPTER: YUAN GLOBALIZATION SHIFTS COMMODITIES TRADING China Touts Yuan on World Stage to Bolster Clout in Commodities Analysts Yi Zhu (Metals) & Francis
More informationESMA Risk Assessment Work Programme 2019
ESMA Risk Assessment Work Programme 2019 7 February 2019 ESMA50-157-1588 Table of Contents 1 Summary... 3 2 Introduction... 4 2.1 Objectives of ESMA Risk Assessment... 4 2.2 Coverage... 4 2.2.1 Risk monitoring
More informationGlobal experience and expert opinion: the intelligent connection Fraud Investigation & Dispute Services
Disputes Global experience and expert opinion: the intelligent connection Fraud Investigation & Dispute Services Dealing decisively with disputes Our professionals can help you resolve complex commercial
More informationChanges to Hedge Fund Disclosure and Reporting Obligations
22 January 2014 Practice Groups: Investment Management Changes to Hedge Fund Disclosure and Reporting Obligations By Jim Bulling, Daniel Knight and Julia Baldi In October 2013, the Australian Investment
More informationThe Renminbi: Why + How = Now
Excerpt from Insights 2013 The Renminbi: Why + How = Now Sridhar Kanthadai, Regional Head of Transaction Banking, North Asia Michael Vrontamitis, Regional Head of Product Management, Transaction Banking,
More informationMERCER SENTINEL SERVICES
HEALTH WEALTH CAREER MERCER SENTINEL GROUP MERCER SENTINEL SERVICES MERCER SENTINEL SERVICES 2 FIDUCIARY CHALLENGES In managing institutional investment programs, the primary focus is typically investment
More informationESMA Risk Assessment Work Programme 2018
ESMA Risk Assessment Work Programme 2018 9 February 2018 ESMA20-95-839 Table of Contents 1 Summary... 3 2 Introduction... 4 2.1 Objectives of ESMA Risk Assessment... 4 2.2 Coverage... 4 2.2.1 Risk monitoring
More informationChina Sourcing Update
Fung Business Intelligence China Sourcing Update July 31, 2018 Raw Material Prices: Hard Goods 1. Price index of ABS resin goes up in June The price index of ABS resin 1 rose by 0.3% mom in June, posting
More informationICE DATA INDICES, LLC BENCHMARK CESSATION PROCEDURE
ICE DATA INDICES, LLC BENCHMARK CESSATION PROCEDURE December 2017 CONTENTS 1. Introduction... 2 2. Cessation triggers... 3 3. Cessation steps... 3 4. Timings... 4 5. Transitional measures... 5 6. Engaging
More informationChina Sourcing Update
Fung Business Intelligence China Sourcing Update December 21, 2017 Raw Material Prices: Hard Goods 1. Price index of ABS resin rises slightly in November The price index of ABS resin 1 picked up by 0.2%
More informationChina Sourcing Update
Fung Business Intelligence China Sourcing Update April 27, 2018 Raw Material Prices: Hard Goods 1. Price index of ABS resin goes down in February and March The price index of ABS resin 1 edged down by
More informationBuilding strength with the Institutional Bank.
Building strength with the Institutional Bank. We set ourselves apart by striving to provide our customers with world-class insights. This means we put our focus and energy into deeply understanding a
More informationCRISIL s rating process. June 2017
CRISIL s rating process June 2017 Criteria contacts Pawan Agrawal Chief Analytical Officer CRISIL Ratings Email: pawan.agrawal@crisil.com Sameer Charania Director Rating Criteria and Product Development
More informationLME EV Battery Materials
LME EV Battery Materials December 2017 SETTING THE GLOBAL STANDARD LME is at the core of the global metal markets LME is the leading global exchange in all non-ferrous metals LME provides market leading
More informationPrinciples for Financial Benchmarks
Principles for Financial Benchmarks November 2012 INTRODUCTION Financial benchmarks are widely used as references for determining payments under a variety of financial instruments and many have a significant
More informationGovernment & Policy Banks Bond Index Guide. October 2018
Government & Policy Banks Bond Index Guide October 2018 1. iboxx ChinaBond Government & Policy Banks Bond Indices 3 1.1. Index Governance 3 1.2. Publication of the Index 3 2. Bond Selection Rules 5 2.1.
More informationMSCI CARBON FOOTPRINT INDEX RATIOS METHODOLOGY
MSCI CARBON FOOTPRINT INDEX RATIOS METHODOLOGY MSCI Methodology for Carbon Footprint Index Ratios January 2018 JANUARY 2018 CONTENTS INTRODUCTION..3 1 DEFINITION AND CALCULATION METHODOLOGY... 3 1.1 SECURITY
More informationSteel Scrap Hedging. Young-Jin (Jin) Chang Director Research & Product Development November 12-13, 2012
Steel Scrap Hedging Young-Jin (Jin) Chang Director Research & Product Development November 12-13, 2012 Today s Agenda - Why Hedge Your Price Exposure? - Who Needs to Manage Price Risk? - Contract Specs
More informationRiskBench. Access broader credit risk data and industry benchmarks
RiskBench Moody s Analytics RiskBench solution is an online, global, credit risk data community and data discovery platform that provides in-depth analytics and peer insights. Gain a competitive advantage
More information2020 Foresight: Non-Resident Indians
Publication date: October 2013 Report code: WI0008FR 2020 Foresight: Non-Resident Indians www.wealthinsight.com Beijing Buenos Aires Frankfurt Hong Kong Hyderabad London Madrid Mexico City New York San
More informationDevelopments in bullion markets. Sakhila Mirza General Counsel, LBMA
Developments in bullion markets Sakhila Mirza General Counsel, LBMA LONDON BULLION MARKET Key Elements Focused on the Loco London Contract but with a global membership and client base Largest Financial
More informationMethodology Document of. NIFTY100 Equal Weight Index
Methodology Document of NIFTY100 Equal Weight Index August 2017 Contact Email: iisl@nse.co.in Tel: +91-22-26598386 Address: Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051(India).
More informationAn Analysis of Risk and Return in Fossil Fuel Free Investing
An Analysis of Risk and Return in Fossil Fuel Free Investing Boston Carbon Risk Forum Cambridge, MA September 29, 2014 Leading Brands Worldwide MSCI products include the MSCI Global Equity Indexes, MSCI
More informationMAJOR CHANGES TO SINGAPORE CAPITAL MARKETS REGULATORY FRAMEWORK IMPLEMENTED
MAJOR CHANGES TO SINGAPORE CAPITAL MARKETS REGULATORY FRAMEWORK The Securities and Futures (Amendment) Act 2017 (SF(A)A), passed by Parliament on 9 January 2017, introduces major changes to the Singapore
More informationCFTC Hearings on Energy Markets
Hearings Focused on Current Application of Position Limits and Hedge Exemptions but CFTC Did Not Take Further Action SUMMARY The Commodity Futures Trading Commission (CFTC) recently concluded a series
More informationLong-term care services. Strategies and tools to manage risk and build your business in long-term care insurance
Long-term care services Strategies and tools to manage risk and build your business in long-term care insurance A commitment to long-term care Whether you re entering new markets, developing new products,
More informationI N F O R M A T I O N F O R I N S I G H T F U L D E C I S I O N M A K I N G. N o r t h e r n T r u s t P a s s p o r t
I N F O R M A T I O N F O R I N S I G H T F U L D E C I S I O N M A K I N G N o r t h e r n T r u s t P a s s p o r t K N O W L E D G E I S P O W E R In a world with far too much data moving ever more
More informationBLOOMBERG SEF BSEF <GO>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> SWAP EXECUTION FACILITY A Bloomberg Professional Service Offering BLOOMBERG SEF BSEF Lead the Way With Our Complete Swaps Trading Solution
More informationMSCI EQUITY INDEX FAMILY - BENCHMARK STATEMENT
MSCI EQUITY INDEX FAMILY - BENCHMARK STATEMENT MSCI MSCI March 2018 MARCH 2018 CONTENTS Benchmark Statement: MSCI Equity Indexes... 3 1 Objective of the Indexes in the Family... 3 2 Methodology and Index
More informationMSCI EQUITY INDEX COMMITTEE
MSCI EQUITY INDEX COMMITTEE Terms of Reference August 2018 AUGUST 2018 CONTENTS General... 3 The Equity Index Committee... 4 Description... 4 Responsibility... 4 Composition... 5 Meetings... 5 MSCI.COM
More informationOffice of the Ombudsman 2017 Annual Report
Office of the Ombudsman 2017 Annual Report Table of Contents Section Page Message from the Ombudsman 3 Ombudsman Mandate 4 407 ETR s 3-Step Dispute Resolution Process 5 The Ombudsman in Action 6 Helping
More informationCRISIL revises rating scale for micro and small enterprises
CRISIL revises rating scale for micro and small enterprises As per new guidelines issued by the Ministry of MSME Executive summary The Ministry of Micro, Small and Medium Enterprises (MSME) has revised
More informationEU Council Adopts Revised Nuclear Safety Directive
GLOBAL NUCLEAR GROUP CLIENT PUBLICATION 14 August 2014 EU Council Adopts Revised Nuclear Safety Directive If you wish to receive more information on the topics covered in this publication, you may contact
More informationRating criteria for the mining industry. February 2018
Rating criteria for the mining industry February 2018 Criteria contacts Pawan Agrawal Chief Analytical Officer CRISIL Ratings Email: pawan.agrawal@crisil.com Sameer Charania Director Rating Criteria and
More informationMSCI INDEX POLICIES. February 2018
MSCI INDEX POLICIES February 2018 FEBRUARY 2018 CONTENTS Overview... 3 Index Design Guidelines... 5 Index and Methodology Review Process... 5 Consultation Policy... 7 Consultation Process for Market Developments
More informationSizing the 2010 Hedge Fund Universe: A PerTrac Study. April th Annual Update
Sizing the 2010 Hedge Fund Universe: A PerTrac Study April 2011 8 th Annual Update Abstract Sizing the 2010 Hedge Fund Universe: A PerTrac Study is based on an aggregation methodology of ten of the world
More informationRatings. Sample Report. Abc Limited. June 2017
Abc Limited June 2017 Instrument & Ratings Analytical contacts Rating history Date Long-term Fixed deposit Short-term Rating watch/ Outlook Analytical approach and adjustments Portfolio performance/networth/gearing/
More informationThe ICE Brent Index Practice Standards sets out the respective responsibilities of:
ICE Brent Practice Standards Introduction The ICE Brent Index Practice Standards sets out the respective responsibilities of: ICE Futures Europe ( IFEU ) as the benchmark administrator of the ICE Brent
More informationAMP Capital Asian Equity Growth Fund
Dated: 23 June 2010 Issued by AMP Capital Investors Limited ABN 59 001 777 591 AFSL 232497 Product Disclosure Statement For investments through a master trust or wrap platform Contents About AMP Capital
More information2017 MiFID II EXECUTION QUALITY REPORT
2017 MiFID II EXECUTION QUALITY REPORT 1. Scope and Background T. Rowe Price International Ltd ( TRPIL ) is an investment firm subject to the Markets in Financial Instruments Directive II ( MiFID II ).
More informationBLOOMBERG SEF BSEF <GO>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> SWAP EXECUTION FACILITY A Bloomberg Professional Service Offering BLOOMBERG SEF BSEF Lead the Way With Our Complete Swaps Trading Solution
More informationJoint IEA-IEF-OPEC Report. Quantitative Assessment of the Impact of the Principles for Oil Price Reporting Agencies on the Physical Oil Market
Quantitative Assessment of the Impact of the Principles for Oil Price Reporting Agencies on the Physical Oil Market 22 July 2015 Joint IEA-IEF-OPEC Draft Report Contents Background... 4 Quantitative Assessment...
More informationEnvironmental, Social and Governance Policy. August 2016
Environmental, Social and Governance Policy August 2016 Environmental, Social and Governance Policy Table of contents 1. Environmental, Social and Governance ( ESG ) Investment 3 2. ESG Integration into
More informationFTSE Canada Fixed Income Minimum Issue Size Thresholds Consultation Results and Index Changes August 2018
FTSE Canada Fixed Income Minimum Issue Size Thresholds Consultation Results and Index Changes August 2018 FTSE Russell has concluded its Minimum Issue Size Thresholds market consultation which considered
More informationKey Dodd-Frank Compliance Considerations for End-Users
August 31, 2012 Key Dodd-Frank Compliance Considerations for End-Users Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act ) requires the CFTC and SEC
More informationGREATER SECURITY. MORE CERTAINTY. CME CLEARPORT.
GREATER SECURITY. MORE CERTAINTY. CME CLEARPORT. FLEXIBLE SOLUTIONS FOR MITIGATING YOUR RISK CME ClearPort is a comprehensive set of flexible clearing services for the global OTC market. Launched in 2002
More informationStakeholder Engagement
HKEx seeks to involve its stakeholders in its decision-making processes so as to align business practices with public needs and expectations, and to achieve sustainable development. Details of our major
More informationPolicy Statement PS7/18 Model risk management principles for stress testing. April 2018
Policy Statement PS7/18 Model risk management principles for stress testing April 2018 Prudential Regulation Authority 20 Moorgate London EC2R 6DA Policy Statement PS7/18 Model risk management principles
More informationMarkit delivers a broad suite of independent, fixed income indices, as well as solutions to support the development of custom indices.
Indices Markit delivers a broad suite of independent, fixed income indices, as well as solutions to support the development of custom indices. Index creation is led by a team of experienced product and
More informationVentura International Shares Fund
Product Disclosure Statement Ventura International Shares Fund ARSN 099 585 145 Read this This Product Disclosure Statement (PDS) provides a summary of significant information and contains a number of
More informationSGX reports 3Q FY2018 net profit of S$100 million
News Release 20 April 2018 SGX reports 3Q FY2018 net profit of S$100 million 3Q FY2018 Financial Summary Revenue: S$222 million, up 10% from a year earlier Operating profit: S$118 million, up 15% Net profit:
More informationSEC Issues Risk Alert on Custody Rule, Reinforcing Its Message to Registered Investment Advisers in Its Examination Priorities for 2013
March 15, 2013 Practice Group: Private Equity Investment Management, Hedge Funds and Alternative Investments SEC Issues Risk Alert on Custody Rule, Reinforcing Its Message to Registered Investment Advisers
More informationGlobal Commodities. Freight Iron Ore Fuel Oil Wood Pellets
Global Commodities Freight Iron Ore Fuel Oil Wood Pellets Supporting our customers on a global level Commodity markets are global in character and interconnected both intra-regionally and within supply
More informationChina Sourcing Update
Fung Business Intelligence China Sourcing Update March 30, 2017 Raw Material Prices: Hard Goods 1. Price index of ABS resin goes up further in February The price index of ABS resin 1 soared by 7.9% mom
More information2011 Review of The JORC Code
JORC AUSTRALASIAN JOINT ORE RESERVES COMMITTEE x 2011 Review of The JORC Code Peter Stoker Principal Geologist AMC Consultants Pty Ltd Chairman JORC, JORC Representative on CRIRSCO CRIRSCO reporting standards
More informationLife Insurance in Venezuela, Key Trends and Opportunities to 2017
Life Insurance in Venezuela, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: IS0467MR Published: December 2013 www.timetric.com Timetric John Carpenter House 7 Carmelite
More informationCFBF A Guide to PRIBOR. Date: October CZECH FINANCIAL BENCHMARK FACILITY S.R.O. ALL RIGHTS RESERVED.
CFBF A Guide to PRIBOR Date: October 2018 2018 CZECH FINANCIAL BENCHMARK FACILITY S.R.O. ALL RIGHTS RESERVED. Contents 1 Part 1 About PRIBOR... 4 1.1 Definition of PRIBOR... 4 1.2 Classification as Interest
More informationProduct Update 21 November 2018
Outthinking today. 21 November 2018 The information in this document forms part of the Product Disclosure Statement for Generation Life Investment Bonds dated 4 December 2017 ( PDS ) and is to be read
More informationIntroduction. This document serves as public disclosure of our commitment to uphold the principles of the Japan Stewardship Code.
Introduction T. Rowe Price Japan, Inc. together with T. Rowe Price Group ( T. Rowe Price as a separate entity or as a whole group according to respective descriptions or statements) agrees it is appropriate
More information