News Releases

Barclays Capital has received two, out of the five awarded, deals of the year in the recent issue of Commodity Risk magazine.

The magazine awarded the most interesting deals across the commodities space in the last 12 months, representing a wide sweep of what is possible in the vibrant markets.

Lead Hedge for Maxam: This deal follows a referral from Barclays Commercial Bank of Maxam, a European manufacturer of shotgun cartridges. Lead prices on the LME reached an all time high in September 2007 and rose 53% during the year. The volatile market conditions triggered major consumers of lead to reconsider their buying practices. Rather than looking at supply needs three or six months out, consumers are looking at their long-term requirements and how they can hedge them. The firm worked with Maxam to provide long-dated five-year hedges using swap and option structures for a large proportion of its exposure - totalling 30,000 tons - a significant volume in the lead market.

CORALS: Barclays Capital launched CORALS - the Commodities Out-performance Roll Adjusted Liquid Strategy Index earlier this year.