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globalCOAL - Country & Industry Forecasting: IHS Global Insight

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INDICES<br />

The importance of a good index<br />

<strong>globalCOAL</strong><br />

<strong>globalCOAL</strong><br />

Commoditised<br />

Commoditised<br />

Physical Physical<br />

Market<br />

Market<br />

Published, Auditable and FSA Regulated<br />

<strong>globalCOAL</strong> Index Methodology<br />

<strong>globalCOAL</strong> Indices<br />

(RB & NEWC)<br />

<strong>globalCOAL</strong><br />

<strong>globalCOAL</strong><br />

Commoditised<br />

Commoditised<br />

Financial Financial<br />

Market<br />

Market<br />

OTC OTC<br />

Broker<br />

Broker<br />

Financial Financial<br />

Market<br />

Market<br />

Tender Tender<br />

Contracts<br />

Contracts<br />

Haze of coal quality<br />

conversions and price<br />

interpretations<br />

Other Indices<br />

WARNING:<br />

Even in the lack of physical trading<br />

activity, the financial market must<br />

NEVER be used to price indices.<br />

Physical Physical<br />

Market<br />

Market<br />

Settlement<br />

Spot Spot<br />

& Longer<br />

Longer<br />

Term Term<br />

Physical<br />

Physical<br />

Market<br />

Market<br />

(index based)<br />

(index based)<br />

Calculation

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