MPI
09/25/97
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: . . . $104.12
(Call 212 938-4250 for description)
|
Bids |
Offers |
Trades |
MPI |
| Price/Volume |
1,500 @ |
$105.00
======== |
1,500 @ |
$110.00
======== |
$97.35
============ |
|
| Weighted Average |
|
$105.00 |
|
$110.00 |
$97.35 |
$104.12 |
|
* Bid and offer for vintage 1997 allowances.
Immediate Settlement:
|
Period of Stream |
Best Prices ($/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
15 Years |
1997
1997
1998
1999
2000
2001
2002
2003
2004
2010 |
through |
2024 |
$105.00
$97.00
$103.95
$103.70
$103.45
$102.95
$102.45
$101.95
$101.45
$35.00 |
$110.00
$82.50 |
2,500
2,000
2,500
2,500
2,500
2,500
2,500
2,500
2,500
500 |
5,000
5,000
500 |
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
|
$99 for vintage 1998
to
$176 for vintage 2005 |
$18.00/EA
|
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 MPI moved up sharply in September to $104.12, an 14.0%
rise from last month.. While trading activities were moderate in the first
half of the month, market participant stepped up their biding activities
that created an atmosphere of high volatility in the market towards the
end of the month. Trading prices ranged from $91.00 to $106.00.
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
|
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
|
