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Skogforum – November 2013 Honne. En fremtidsmulighet for norsk- og nordisk skognæring? Stein O. Larsen, CEO. Unleashing the potential of Renewables. Mission. Vision. By making a regulated marketplace for renewable products we shall:
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Skogforum – November 2013Honne En fremtidsmulighet for norsk- og nordisk skognæring? Stein O. Larsen, CEO Unleashing the potential of Renewables
Mission Vision • By making a regulated marketplace for renewable products we shall: • Make good solutions for better risk management opportunities. • Increase attractiveness for trading in financial contracts. To unleash the potential of ecological renewable resources.
Product selection from the start Pulp • NBSK • BHKP Recovered paper • OCC • ONP /OMP
Strategic Agreement with FOEX Indexes Oy FOEX Indexes Ltd FOEX Indexes Ltd is the industry leading independent provider of audited, trade-mark registered pulp, paper, recovered paper and wood based bio-energy/biomass price indices. FOEX and NOREXECO entered a strategic agreement in 2013 for the future use of PIX indices.
Share of recovered paper and Pulp of the papermaking fibre consumption Source: Pöyry, Management Consulting ,Danish technological Institute & Nordea
Historical price development Pulp -10,8 in 6 mths +10,7 in 6 mnths Source: Pöyry, Management Consulting ,Danish technological Institute & Nordea
Historical price development recovered paper Source: Pöyry, Management Consulting ,Danish technological Institute & Nordea
Hvemhvahvor? Fysiskhandel (innkjøpere, selgere, markedsfolk). Finansiellekontrakter (Styret, dagliglederog CFO)
Example 1 on Recovered paper – OCC (old corrigated container)
Example 2 on Recovered paper – OCC (old corrigated container) Conclusion; The OCC-supplier receives the same price - regardless of actual Spotprice Dec. 2015
NOREXECO – Key Benefits • Compliant with EMIR (and Dodd Frank) • Clearing, margining and reporting. • Trading in a regulated environment, under supervision of the European Financial authorities. • Full price transparency, 3-5 months, 4 Q’s, 3 Calendar years. • Low fees, easy access • Equal access for all participants • Standardized products.
Erdettenoe for norskognordiskskognæring? JA ……………., hvis mange nokønskerdet!
NOREXECO – Exchange solution Exchange Buyer Seller Reports Buyers Bank/ Clearinghouse member Sellers Bank / Clearinghouse member Trade-repository
Overview of ESMA requirements for non-financial counterparties