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|Title:||Hedging spot fuel oil in Singapore: Will the new SIMEX contract succeed?|
|Citation:||Bailey, W.,Koh, A. (1990). Hedging spot fuel oil in Singapore: Will the new SIMEX contract succeed?. Asia Pacific Journal of Management 7 (2) : 97-107. ScholarBank@NUS Repository. https://doi.org/10.1007/BF01951482|
|Abstract:||We assess SIMEX's new market for fuel oil futures by examining its effectiveness in hedging a cash fuel oil position in Singapore. We find that the SIMEX contract can eliminate about two-thirds of the volatility of a Singapore cash position and is many times more effective than a cross-hedge constructed with overseas contracts. Given its potential usefulness as a hedging tool for the regional petroleum industry, we anticipate that the new contract will be a success. © 1990 School of Management National University of Singapore.|
|Source Title:||Asia Pacific Journal of Management|
|Appears in Collections:||Staff Publications|
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