Please use this identifier to cite or link to this item: https://doi.org/10.1007/BF01951482
Title: Hedging spot fuel oil in Singapore: Will the new SIMEX contract succeed?
Authors: Bailey, W.
Koh, A. 
Issue Date: 1990
Source: 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
URI: http://scholarbank.nus.edu.sg/handle/10635/45224
ISSN: 02174561
DOI: 10.1007/BF01951482
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