Basis Swaps in Energy Commodities
In energy markets, a basis swap is a swap on the price differential for a product and a major index product (e.g. Brent Crude or Henry Hub gas).
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Famous quotes containing the words basis, swaps, energy and/or commodities:
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That now on Pompey’s basis lies along,
No worthier than the dust!
Cassius. So oft as that shall be,
So often shall the knot of us be called
The men that gave their country liberty.”
—William Shakespeare (1564–1616)
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—David Hume (1711–1776)