MPI
02/25/98
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: . . . $100.83
(Call 212 938-4250 or 800-228-2955 ext 5 for description)
|
Bids |
Offers |
Trades |
MPI |
| Price/Volume |
2,500 @ |
$99.00
======== |
2,500 @ |
$102.50
======== |
not listed
============ |
|
| Weighted Average |
|
$99.00 |
|
$102.50 |
$100.98 |
$100.83 |
|
* Bid and offer for vintage 1997 allowances.
Immediate Settlement:
|
Period of Stream |
Best Prices ($/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 |
$99.00
$98.50
$98.50
$98.02
$97.78
$97.54
$97.06
$96.59
$96.12
$95.65
$35.00 |
$102.50
$104.50
$105.00
$85.00 |
10,000
5,000
5,000
500 |
2,500
2,500
10,000
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 |
| |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
'08-09 |
'10-24 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Offer |
1.00% |
1.25% |
1.50% |
2.00% |
2.50% |
3.00% |
3.50% |
4.25% |
5.50% |
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 up $2.44 to $100.83 in February,
an incrase of 2.48% from January. Despite the expectation that the annual
EPA auction might draw prices down, a couple of players gradually stepped
up their buying activites thus creating an upward trend during this month.
In light of that, many sellers shifted their offers to new highs. Neverthless,
trading activities leveled off toward the end of the month. The trading
range was $99.50 to $102.50.
|
Why Let the World Know Your Buying Interest?
Every year both the winning and losing bids in
the annual EPA auction have been widely publicized. Strategically
it makes little sense to provide to the entire market your willingness
to pay, and the size of your buying interest.
Cantor Fitzgerald EPA Auction Service - Efficient
and Anonymous
Cantor Environmental Brokerage, through it Chicago affiliate’s position as
a clearing member of the Chicago Board of Trade, will 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 or 800-228-2955
ext. 5
|
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 |
All Cantor Environmental Brokerage offices can be reached by calling 1-800-228-2955,
or by E-mail at Cantor Environmental Brokerage@cantor.com
|
