Thursday, October 23, 2008

Credit Suisse to offer largest structured CO2 deal

Structured products, futures, derivatives, swaps; I think we've seen this movie.
From Forbes:

Credit Suisse will offer a structured carbon emissions deal next month worth about $200 million, the Swiss bank's head of carbon trading told a conference on Wednesday.

The transaction involves 11.5 million tonnes of U.N.-approved carbon dioxide offsets, called certified emission reductions (CERs), generated from 25 emissions-cutting projects in China, India and Brazil.

'As far as I know, this is the largest structured carbon transaction ever done from a volume perspective,' Paul Ezekiel told the conference, which was hosted by International Financing Review, a subsidiary of Thomson Reuters....MORE