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Subject:DW Alert: LOUIS DREYFUS GROUP Launches Weather Derivatives Tradin g
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Date:Fri, 1 Sep 2000 09:30:00 -0700 (PDT)

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Dear Derivatives Week subscriber:

Catch the latest breaking news in this week's issue by clicking here:
http://www.derivativesweek.com
___________________________________________________________
DW Series Scoops Top Journalism Award.
Derivatives Week's coverage of the development of the telecom derivatives
market
has been recognized in a first place award by the National Press Club in
Washington, D.C.
A series of articles, written by former staffer Jeany Haggerty, were judged
to be the best
analytical stories in the 2000 Newsletter Journalism category.
___________________________________________________________

Top stories this week:
_________________________
U.S. GROUP DOES FIRST WEATHER TRADES
Louis Dreyfus Group has launched a weather derivatives trading desk,
and recently closed its first trades. It's looking to sell products to
customers
and to a lesser extent, make markets.

INDIAN OIL CO. PLANNING TO DIVE INTO SWAPS MARKET
Bharat Petroleum Corp. is planning to enter the interest rate derivatives
market to swap fixed rate loans into floating to take advantage of an
expected
fall in interest rates.

IBERDROLA EYES CREDIT DERIVATIVES
A massive utility based in Spain is considering using credit derivatives to
hedge
Latin American exposure. One idea it is considering is buying protection on a
basket of names.
_________________________

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