Golden Cross House, 8 Duncannon Street, WC2N 4JF, LONDON, UK
Tel: +44 20 7484 5329, Fax: +44 20 7484 5167
Email: info@geminienvironmental.co.uk
Tel: +44 20 7484 5329, Fax: +44 20 7484 5167
Email: info@geminienvironmental.co.uk
THE GREENING OF BANKING TRANSACTIONS
Jan 2012
PAPER VERSUS THE DIGITAL WORLD.
Effects on Environment, Energy and Carbon Footprint.
How software can make the difference.
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Volatility Update - Dec 2011
One Month EUA:
Historical +26.80%pts, Implied +7.02% pts
Underlying Value -16.25%
Six Month EUA:
Historical +27.44% pts, Implied +29.91% pts
Underlying Value -47.38%
One Month CER:
Historical +37.76% pts, Implied +8.15% pts
Underlying Value -23.69%
Six Month CER:
Historical +27.44% pts, Implied +29.91% pts
Underlying Value -61.95%
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Volatility Update - Jul 2011
One Month EUA:
Historical -4.72% pts, Implied -1.46% pts
Six Month EUA:
Historical +25.24% pts, Implied +4.36% pts
One Month CER:
Historical -0.13% pts, Implied -2.79% pts
Six Month CER:
Historical +12.52% pts, Implied +1.64% pts
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Volatility Update - Jan 2011
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May 2010
EMISSIONS RESEARCH - VIRTUAL POWER PLANTS
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May 2010
STRATEGIES OUTPERFORMANCE SUMMARY
1. WRITING A COVERED STRIP OF DAILY CDS CALLS
2. WRITING A COVERED STRIP OF DAILY CDS PUTS
3. BUYING A PROTECTIVE STRIP OF DAILY CDS PUTS
4. BUYING A STRIP OF DAILY CDS CALLS MARKET
ASSUMPTIONS
ANNEX: CDS OPTION TERM SHEET
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Volatility Update - Feb 2010
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Feb 2010
EMISSIONS RESEARCH - ENHANCING CLEAN POWER SPREADS
1. REDUCING COSTS FOR COAL
2. REDUCING COSTS FOR GAS
3. DYNAMIC HEDGING FOR LIGNITE
4. DYNAMIC HEDGING FOR UK COAL
5. REDUCING COSTS FOR UK GAS
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Volatility Update - Jan 2010
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Volatility Update - Sept 2009
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Sept 2009
EMISSIONS RESEARCH - ENHANCING THE CLEAN DARK SPREAD
MARKET ASSUMPTIONS
1. REDUCING COSTS
2. SECURING FUEL DELIVERY AND COMPLIANCE
3. CAPPING COSTS
4. SECURING DELIVERIES AND REDUCING COSTS
5. DYNAMIC HEDGING
6. CONTRACT SPECIFICATIONS
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Volatility Update - Feb 2009
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Feb 2009
EMISSIONS RESEARCH - DERIVATIVE STRATEGIES
FOR UTILITIES
1. INTRODUCTION
2. MARKET ASSUMPTIONS
3. CARBON SPREAD OPTIONS
4. COMPLIANCE STRATEGIES
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Volatility Update - Jan 2009
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Dec 2008
EMISSIONS RESEARCH - CARBON DERIVATIVES
AN ALTERNATIVE TO THE CER-EUA SWAP
CONSIDERING VALUE IN CER CALL OPTIONS
PUTS AND PUT CALL COMBINATIONS FOR UTILITIES
CARBON SPREAD OPTIONS
CARBON, COAL, GAS, OIL AND ELECTRICITY FUTURES
REVIEWING THE EUA-CER SPREAD: A CARBON SPREAD OPTION APPLICATION
CDM PROJECTS: MANAGING PRICE RISK AND FUNDING WITH OPTIONS
CARBON SWAPS AND SWAP OPTIONS: CONSIDERING THE OPTION TO SWAP CARBON ASSETS
VOLATILITY IN THE CARBON AND ENERGY MARKETS
Jan 2012
Effects on Environment, Energy and Carbon Footprint.
How software can make the difference.
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Volatility Update - Dec 2011
Historical +26.80%pts, Implied +7.02% pts
Underlying Value -16.25%
Six Month EUA:
Historical +27.44% pts, Implied +29.91% pts
Underlying Value -47.38%
One Month CER:
Historical +37.76% pts, Implied +8.15% pts
Underlying Value -23.69%
Six Month CER:
Historical +27.44% pts, Implied +29.91% pts
Underlying Value -61.95%
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Volatility Update - Jul 2011
Historical -4.72% pts, Implied -1.46% pts
Six Month EUA:
Historical +25.24% pts, Implied +4.36% pts
One Month CER:
Historical -0.13% pts, Implied -2.79% pts
Six Month CER:
Historical +12.52% pts, Implied +1.64% pts
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Volatility Update - Jan 2011
May 2010
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May 2010
1. WRITING A COVERED STRIP OF DAILY CDS CALLS
2. WRITING A COVERED STRIP OF DAILY CDS PUTS
3. BUYING A PROTECTIVE STRIP OF DAILY CDS PUTS
4. BUYING A STRIP OF DAILY CDS CALLS MARKET
ASSUMPTIONS
ANNEX: CDS OPTION TERM SHEET
---------------------------------------------------------------------------------
Volatility Update - Feb 2010
Feb 2010
1. REDUCING COSTS FOR COAL
2. REDUCING COSTS FOR GAS
3. DYNAMIC HEDGING FOR LIGNITE
4. DYNAMIC HEDGING FOR UK COAL
5. REDUCING COSTS FOR UK GAS
---------------------------------------------------------------------------------
Volatility Update - Jan 2010
Volatility Update - Sept 2009
Sept 2009
1. REDUCING COSTS
2. SECURING FUEL DELIVERY AND COMPLIANCE
3. CAPPING COSTS
4. SECURING DELIVERIES AND REDUCING COSTS
5. DYNAMIC HEDGING
6. CONTRACT SPECIFICATIONS
---------------------------------------------------------------------------------
Volatility Update - Feb 2009
Feb 2009
FOR UTILITIES
1. INTRODUCTION
2. MARKET ASSUMPTIONS
3. CARBON SPREAD OPTIONS
4. COMPLIANCE STRATEGIES
---------------------------------------------------------------------------------
Volatility Update - Jan 2009
Dec 2008
EMISSIONS RESEARCH - CARBON DERIVATIVES
Gemini Research
Gemini has significant expertise in derivative trading and project based research.
Gemini provides research notes identifying position efficiency and enhancement strategies,
regular updates concerning volatilities across the European energy basket
and bespoke research on a client by client basis (available on request).
Gemini has significant expertise in derivative trading and project based research.
Gemini provides research notes identifying position efficiency and enhancement strategies,
regular updates concerning volatilities across the European energy basket
and bespoke research on a client by client basis (available on request).
2012 © Gemini Environmental Group Ltd. All rights reserved.
