Credit, Currency and Other Animals | 78 comments (78 topical, editorial, 0 hidden)

Re: Credit, Currency and Other Animals (none / 0)

This is new

Firstly, it doesn't matter how many energy certificates investors hold: they have no right to delivery, merely the right to present the certificates in payment for supply.

At least new to me, I don't know how longe you've been including this so sharply stated in your presentations.

Finance is the brain [tumour] of the economy

by Carrie (migeru at eurotrib dot com) on Sat Sep 7th, 2013 at 04:51:14 PM EST
[ Parent ]

Re: Credit, Currency and Other Animals (none / 0)

Well, a citizen of the USA might buy certificates for 300,000 Kilowatt-hours from a Swedish producer but could not very well expect to take delivery in the USA. But they could probably sell them to someone in the European grid, but not necessarily at a profit, but probably at a profit if the timing is good.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Sep 9th, 2013 at 12:21:44 AM EST
[ Parent ]

Re: Credit, Currency and Other Animals (4.00 / 3)

In other words this is a new derivatives market on which those with money will seek to make arbitrage gains?

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Sep 9th, 2013 at 01:54:52 AM EST
[ Parent ]

Re: Credit, Currency and Other Animals (none / 0)

Perhaps not the specific program to which askod referred, but certainly a general program of public sale of such prepays could become a derivatives market.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Sep 9th, 2013 at 11:23:32 PM EST
[ Parent ]

Re: Credit, Currency and Other Animals (4.00 / 2)

Mig was referring to Chris Cook's proposal, and so was I.

What askod describes seems to be simply a discount-for-early-subscription offer.

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Sep 10th, 2013 at 02:15:00 AM EST
[ Parent ]

Credit, Currency and Other Animals | 78 comments (78 topical, 0 editorial, 0 hidden)

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