Kyoto

Cracks open in deal to save the planet

It could save the rainforests of Borneo, slow climate change and the international community backs it. But a plan to pay tropical countries not to chop down trees risks being discredited by opportunists even before it starts.

A forest carbon market is emerging in anticipation of a UN climate deal in December in Copenhagen, expected to allow rich countries to pay to protect rainforests as a cheap alternative to cutting their own greenhouse gases.

What did I say then?

Goldman strikes gold & oil for KBC | MTN-i

Hefty coupon with 75% digital barrier, based on the crude oil backwardation....financed by the at-maturity knock-in put.... Interesting!

Goldman Sachs found demand for an unusual KBC Ifima commodity duo, delivering a gold volatility play and a crude oil knock-out note.

The USD5.48m 3-year crude oil play has a starting index of 1,107.11, a strike of 830.33, and semi-annual observation dates. If the oil price at the observation dates is greater than or equal to the starting index, the deal is trigger called, paying 106.5% after the first six months and stepping up 6.5% semi-annually thereafter. At maturity, the investor receives the notional amount if the end index is greater than or equal to the strike price, or the notional multiplied by the end index divided by the strike.

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