| Sendedatum | 2007-11-14 14:21:56 |
|---|---|
| Ausgabe | 5 |
hier eine weitere Ausgabe des beliebten Newsletters für Masochisten und Weltuntergangssekten. Je nach Newsreader kann die Darstellung weniger als perfekt befriedigend sein, daher könnte sich ein Blick auf die Onlineversion lohnen, die außerdem verschlagwortet ist.
Inhaltsverzeichnis:
- Alles wird gut!!!5! - Teil 4
- Alles wird gut!!!5! - Teil 3
- Alles wird gut!!!5! - Teil 2
- Alles wird gut!!!5! - Teil 1
Inhalt:
Singapore: Saudi Aramco will cut gas oil (diesel) exports to 880,000
tonnes next year from 2.2 million tonnes in 2007, and will not renew
any of its annual term deals, as domestic demand grows swiftly,
industry sources said yesterday.Saudi Arabia is expected to keep term jet fuel exports steady at one
million tonnes. Saudi Aramco did not issue a tender to sell term
middle distillates this year but short-listed players for price
discussions for the upcoming weekend."Gas oil exports will be reduced because domestic demand is very
strong," said one source involved in supply discussions, adding that
all shipments will be sold on a spot basis. The grades will be a
mix of 0.05 per cent and 0.5 per cent sulphur. Another source said:
"Domestic diesel demand has already caught up with production."Oil demand is booming in the kingdom, thanks to petrodollar-fuelled
econ-omic growth and low domestic prices, forcing it at times to
import extra supplies. The economy grew 4.3 per cent last year.Aramco, which owns around 1.8 million barrels per day (bpd) of
refining capacity in the country, imported 250,000 tonnes of diesel
from August to October, as plant maintenance coincided with peak
summer demand.Exports also fell, as some Saudi cities have already moved on to
cleaner diesel of 0.05 per cent sulphur from 0.2 per cent, which
requires a greater level of secondary refining.The supply cut followed on the 2007 term contract which saw diesel
shipments being reduced to two million tonnes from four million
tonnes in 2006.
Laß mich raten - zusammengenommen heißt das, die Opec hat keine
Reservekapazitäten mehr, und Raffinerien haben die Saudis kaum
genug für den Eigenbedarf.
Wed Nov 14, 4:56 AM ET
RIYADH (AFP) - OPEC secretary general Abdallah al-Badri said on
Wednesday that there is no need for the oil cartel to increase
production now because there is plenty of oil in the market.
"At this time, frankly we don't see that we need to add more oil
in the market," Badri told a press conference in Riyadh ahead of a
weekend OPEC summit.
"No need" to make money? Ah, seid ihr glaubwürdig.
Northgate maintains a portion of its investments in AAA rated Auction
Rate Securities (ARS). ARS are floating rate securities that are
marketed by financial institutions with auction reset dates at 7,
28, or 35 day intervals to provide short term liquidity. Beginning in
August 2007 a number of ARS auctions began to fail and the Corporation
is currently holding $72,600,000 in ARS, which currently lack
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liquidity. Northgate's ARS investments were originally structured and
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marketed by a major investment bank in the USA and all of Northgate's
ARS investments continue to make regular cash interest payments and
are still rated AAA by Standard & Poor's (S&P) and AAA by Moody's.Due to the high credit worthiness of its ARS investments, third
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party valuation reports, which value these investments at 100% of
par value, and management's assessment that the liquidity issues
surrounding the specific ASR securities held by the Corporation
will be resolved within the next twelve months, these investments
continue to be classified by the Corporation at September 30, 2007,
as available for sale short-term investments at their original par
value, which is equal to their fair value.The balance of the Corporation's investments are held in R1/P1/A1
rated investments including money market funds, direct obligation
commercial paper, bankers acceptances and other highly rated short
term investment instruments which are recorded as cash and cash
equivalents. The Corporation has no investments in Asset Backed
Commercial Paper (ABCP), Mortgage Backed Securities (MBS) or
Collateralized Debt Obligations (CDO).
Jaja. Statt in Müll haben wir in Müll investiert.
Ich kann nicht behaupten, den Sinn von "Auction Rate Securites" verstanden
zu haben.
The impending launch of Rhinebridge and the expectation of more SIVs to hit the market is a result of the current spread environment combined with the vehicles' structure, according to Douglas Long, evp business strategy for Principia Partners. "From the SIV manager's point of view, because it's a leveraged business they are better positioned to take advantage of tight spreads than someone who doesn't have leverage and has to utilise capital."
He continues: "Obviously, it is harder getting returns than in a wider spread environment, but the SIV model allows you to outperform other investments if you have the appetite, experience and can source the right assets. At the same time, in a tight environment it's generally easier to find capital investors because a SIV is a proven conservative structure but, again, the leverage provides good returns relative to other products."
These factors, coupled with the fact that the market has more recently begun moving to three-tier capital structures, means that there is also a broader pool of investors who are now investing in SIVs. Although the barriers to entry are still high, launching such a vehicle is an increasingly attractive proposition.
A Perfect Rhineland Industrial Loan two oh oh seven.
(Großbuchstaben ergeben Monatsnamen).
Mit anderen Worten, die IKB hat nicht mal 4 Monate gehabt, um 2.3 Milliarden zu versenken. Das war schon wirklich gute Arbeit, Respekt, das hätte ich nie so schnell geschafft.
Rhineland, wo erheblich mehr Geld vernichtet wurde, ist seit mindestens 2003 auf dem Markt.
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