MPI
01/26/98
Cantor Environmental Brokerage
One World Trade Center, New York, NY 10048 * Phone (212) 938-4250; 1-800-228-2955
* Fax (212) 938-4252
SO2 Allowance Price Indications
View Market Price
Index Guidelines
CANTOR FITZGERALD MARKET PRICE INDEX: . . . $98.39
(Call 212 938-4250 for description)
|
Bids |
Offers |
Trades |
MPI |
| Price/Volume |
2,000 @ |
$97.75
======== |
2,000 @ |
$99.00
======== |
not listed
============ |
|
| Weighted Average |
|
$97.75 |
|
$99.00 |
$98.92 |
$98.39 |
|
* Bid and offer for vintage 1997 allowances.
Immediate Settlement:
|
Period of Stream |
Best Prices ($/Allowance) |
Maximum Volume |
|
| Term |
Start |
|
End |
Bid to Buy |
Offer to Sell |
Bid |
Offered |
|
1 year
1 year
1 year
1 year
1 year
1 year
1 year
1 year
1 year
1 year
15 Years |
1998
1998
1998
1999
2000
2001
2002
2003
2004
2005
2010 |
through |
2024 |
$97.25
$96.00
$92.50
$96.30
$96.05
$95.08
$95.35
$94.90
$94.90
$93.95
$35.00 |
$99.00
$100.00
$85.00 |
5,000
5,000
5,000
500 |
5,000
3,000
500 |
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances/yr |
|
Options:
|
Bid/Offer |
Type |
Vintage |
Expiration |
Strike Price |
Premium |
1)
|
Offer
|
Call
|
1998 -05
|
July of each vintage year
|
$106 for vintage 1998
to
$175 for vintage 2005 |
$25.00/EA
|
Purchase of partial stream available. Please call for pricing information.
Swaps:
| Swap Ratio's against vintage 1997 allowances |
| |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
'07-00 |
'10-24 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Offer |
1.00% |
1.25% |
1.50% |
2.00% |
2.50% |
3.00% |
3.50% |
4.25% |
5.00% |
6.50% |
12.00% |
|
| DISCLAIMER: ALL PRICES ARE MERELY INDICATIONS OF INTEREST, DO
NOT REPRESENT FIRM BIDS AND OFFERS AND THEIR TERMS ARE SUBJECT TO
CHANGE WITHOUT NOTICE. THE ABILITY TO EFFECT TRANSFER OF ALLOWANCES
IS SUBJECT TO THE FINAL PROCEDURES GOVERNING THE TRANSFER OF ALLOWANCES
WITHIN THE ENVIRONMENTAL PROTECTION AGENCY'S ALLOWANCE TRACKING SYSTEM
AND CANTOR FITZGERALD'S POLICIES AND PROCEDURES IN EFFECT FROM TIME
TO TIME. |
Market Beat...
The Cantor Fitzgerald Monthly Price Index moved down $1.12 to $98.39 in
January, a decrease of 1.12% from December. The market crept down on thin
trading. Buyers lowered their bids in light of a dropping prices and the
expectation that the annual EPA auction will draw prices down further. Sellers
sporadically hit bids, generally in small quantities. Despite continued
rumors of imminent large sellers entering the market, no large offers were
made near prevailing market prices.
Cantor Fitzgerald EPA Auction Service !!!
Once again, Cantor Environmental Brokerage is using its unique position as a
clearing member of the Chicago Board of Trade to submit bids in the
EPA Auction on behalf of our customers. Cantor Environmental Brokerage’s auction service provides
an inexpensive, efficient and safe way to participate in the EPA auction,
while protecting your anonymity.
For details call 212-938-4250
|
Greenhouse Gas Offsets and OPTIONS on Offsets Available
!!!
Cantor Environmental Brokerage has assembled a portfolio of high quality offsets
derived from a variety of sources. Prices range from $0.17 to $0.50
per ton of CO2 equivalent. Flexible payment terms, including Options
on offsets are available.
For details call 212-938-4250
|
Cantor Environmental Brokerage Serves All Your Air Credit Trading Needs...
In addition to brokering Title IV SO2 emission allowances, Cantor Environmental Brokerage is the leading broker of Title I air credits (NOx, SOx, VOC, CO, PM10).
In addition, we execute market assessment studies, and provide a complete
array of services needed by companies wishing to take full advantage of
their air credit market opportunities.
Cantor Environmental Brokerage Staff and Phone Numbers...
| Carlton Bartels, Managing Director |
New York |
direct phone line |
212-938-4250 |
| Josh Margolis, Senior Vice President |
San Francisco |
direct phone line |
415-296-9359 |
| Robin Langdon, Vice President |
San Francisco |
direct phone line |
415-296-9495 |
| Andrew Kruger, Vice President |
Stamford, CT |
direct phone line |
203-316-4036 |
| Christine Grandstaff, Associate |
Los Angeles |
direct phone line |
714-597-0517 |
| Jude Moussa, Associate |
New York |
direct phone line |
212-938-4250 |
| Anthony Masso, Associate |
New York |
direct phone line |
212-938-4250 |
All Cantor Environmental Brokerage offices can be reached by calling 1-800-228-2955,
or by E-mail at Cantor Environmental Brokerage@cantor.com
Questions/Comments? E-mail Josh
Margolis
|
