MPI
07/28/97
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: . . . $87.87
(Call 212 938-4250 for description)
|
Bids |
Offers |
Trades |
MPI |
Price/Volume |
1,500 @ |
$87.000
======== |
1,500 @ |
$88.50
======== |
Not Listed
============ |
|
Weighted Average |
|
$87.00 |
|
$88.50 |
$88.11 |
$87.87 |
|
* Bid and offer for vintage 1997 allowances.
Immediate Settlement:
|
Period of Stream |
Best Prices ($/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
15 Years |
1997
1998
1999
2000
2001
2002
2003
2004
2010 |
through |
2024 |
$87.00
$86.15
$86.00
$85.70
$85.25
$84.90
$84.50
$84.05
$35.00 |
$87.50
$80.00 |
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
|
3,000
500 |
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances/yr |
|
Options:
|
Bid/Offer |
Type |
Vintage |
Expiration |
Strike Price |
Premium |
1)
2) |
Offer
Bid |
Call
Call |
1997
1998-05 |
negotiable
negotiable |
negotiable
negotiable |
negotiable
negotiable |
Swaps:
Swap Ratio's against vintage 1997 allowances |
|
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
|
Bid |
0.50% |
|
1.00% |
1.00% |
1.25% |
|
|
|
|
|
|
Offer |
1.00% |
1.25% |
1.50% |
2.00% |
2.50% |
3.00% |
3.50% |
4.00% |
5.00% |
5.50% |
|
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 MPI moved down drastically in July to $87.87, an 1.8%
decrease from June returning all of the price gains seen earlier this year.
The July MPI is now 8.7% higher than the July 1996 MPI.
During the first half of the month, the market experienced a large supply
of Phase 2 allowances that generated aggressive selling in the spot market.
Coinciding with that, few buyers stepped up their activities mitigating
the downward pressure on price from the new supply. The trading range for
the month was $86.00 - $90.25.
Visit Our Web Site www.cantor.com/Cantor Environmental Brokerage/
Our site shows price indications for all of the major air emission trading
markets. We welcome your comments on how we can improve our site to better
serve your needs.
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
|
Andy Kruger joins Cantor Environmental Brokerage in Stamford Connecticut Offices...
Andy will be specializing in Title I trading (e.g., ERCs, DERs) for the
eastern seaboard states serving credit creators, buyers and sellers, and
companies requiring environmental approvals. Prior to joining Cantor Environmental Brokerage, Andy
worked for the US EPA in the office of mobile sources, AER*X, the nation's
first emissions trading firm, and Harris, Beach & Wilcox law firm in the
areas of air and water pollution, commercial transactions, and land use.
Andy is a member of the Connecticut Bar and US District Court, and an environmental
engineer. He has participated in the development of the open market trading
rules, and assisted in credit creation, banking, marketing, acquisition,
and sales.
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 |
Nancy Weitz, Associate, Broker |
New York |
direct phone line |
212-938-4250 |
Jude Moussa, Associate |
New York |
direct phone line |
212-938-4250 |
Christine Grandstaff, Associate |
Los Angeles |
direct phone line |
714-597-0517 |
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
|