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first_imgThe cost of using derivatives is set to climb by as much as 10 times current levels under new European rules, according to analysis firm OpenGamma – and pension funds should act soon.Under the European Markets Infrastructure Regulation (EMIR), counterparties for a range of over-the-counter interest rate and credit default derivatives will be required to use clearing houses. Pension funds have so far been exempt, but European regulators have yet to agree whether this exemption will be extended, or for how long.OpenGamma said its research showed that new margin rules for uncleared over-the-counter (OTC) derivatives under EMIR could increase the cost of financing by up to 10 times. Pension funds, many of which could be drawn into scope of the new rules from September 2019, could save 50% in initial margin costs by choosing to clear voluntarily before the rules come in, the firm said.Peter Rippon, OpenGamma’s chief executive, said: “While a few market participants will be caught out this month, the real big bang for pension funds is still to come.”He said “a monumental headache” awaited because many investment managers would be carrying out huge amounts of work all at the same time.“Let’s face it, this is probably not what the rulemakers had in mind when they devised this phased-in approach,” he said.The margin requirements – which mean derivatives investors must hold capital behind the derivatives they buy – are being phased in this September for entities with group notional amount above €2.25trn, and then for entities with successively lower notional amounts next September and the following two Septembers.With no pension funds in scope in this month’s phase-in, OpenGamma said pension funds could save 0.7 basis points for a 10-year derivative trade, increasing to 1.8 basis points for a 30-year trade.last_img read more

Xodus Group Appoints Renewables Director

September 28, 2020 | xppcyhzz | No Comments

first_imgThe Scottish engineering and advisory consultancy Xodus Group has appointed Peter Tipler as the Renewables Director with an aim to help drive growth across the sector.According to Xodus, Tipler has been with the company for almost ten years working at a number of positions in the renewable energy, environment and decommissioning divisions.“I’m honoured to take on the role and hope my experience and knowledge of the projects over the years will allow Xodus to build up the capabilities right across the renewables industry – from wave and tidal to offshore wind,” Tipler said.“We have a long history of working in the sector. Our view is that offshore renewable energy is a fundamental part of the global future energy mix. We aren’t waiting for it to happen, we are making it happen.”Xodus partnered with Green Marine in 2017 to launch an integrated service for the maintenance of offshore renewable assets by combining its integrity management software tool XAMIN to capture and monitor live data from offshore assets with Green Marine’s physical offshore inspection and repair services.Earlier this year, the Aberdeen-based consultancy firm announced that Subsea 7 is acquiring a 60% holding in the company from Chiyoda Corporation, which is retaining a 40% stake as a joint venture partner.last_img read more

Court receives four takeover offers for Bourbon

September 28, 2020 | xppcyhzz | No Comments

first_imgThe Marseilles Commercial Court has received offers for concerning assets and activities of Bourbon Corporation and Bourbon Maritime.Source: BourbonBourbon said on Friday that four candidates submitted an offer to the Marseilles Commercial Court.In accordance with the conclusions of its judgment of November 18, the Commercial Court set December 10 as the date for review of the takeover bids.The company added that this context doesn’t allow a resumption of the listing of Bourbon Corporation shares and bonds. The shares have been suspended from listing on Euronext Paris since October 9.It is worth reminding that Offshore Energy Today reported on the court receiving an offer for the takeover of Bourbon back in early October.At the time, the takeover offer for the struggling French offshore vessel owner was made by a company owned by a group of French banks.As for the reorganization proceedings, they have been opened since August 7, 2019. Bourbon requested the opening of reorganization proceedings further to the guarantees redeemed by Chinese company ICBC Leasing for an amount exceeding $800 million.The reorganization proceedings are a collective procedure that freezes the liabilities existing at the beginning of the procedure during the observation period, which can last up to 18 months. The purpose of this procedure is to enable the debtor to present a plan for the continuation of his activities by reorganizing his debt – which may be spread over a maximum period of 10 years – and to ensure his recovery.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

first_imgLocalNews Prime Minister to present $432,598,384 budget this morning by: – June 29, 2011 Sharing is caring! Share Share Prime Minister Roosevelt Skerrit.The Prime Minister of the Commonwealth of Dominica will this morning present the 2011/2012 Budget address at the First Meeting of the Second Session of the Eighth Parliament under the 1978 Constitution.Mr. Skerrit is expected to move a motion for the approval of estimates of expenditure for the financial year ending June 30th, 2012 amounting to $432,598,384.00This address will aslo be streamed live on Vibes Radio (www.vibesradio.dm) from the Parliament building from 10:00am to our viewers.This is the first time that the budget presentation will be streamed live on the internet and Vibes Radio will be a part of this significant occasion.Dominica Vibes Newscenter_img 10 Views   no discussions Tweet Sharelast_img read more

first_imgILOILO City – The city government here shortened curfew hours while the city is under the modified general community quarantine (MGCQ). These include those who work at Business Process Outsourcing (BPO) and Knowledge Outsourcing (KPO) companies; warehouses and logistics; ports, arrastre, food manufacturing, storage and preservation, hospitals, media, and other similar businesses or occupations. On Tuesday, July 21, Mayor Jerry Treñas signed Executive Order (EO) No. 103 Series of 2020, imposing a modified curfew which starts at 12 midnight and ends at 4 a.m. Treñas’ latest directive was posted on the Iloilo City Government’s official Facebook page.  Iloilo City is under “medium risk” MGCQ until July 31 as per EO No. 86-I signed by Treñas on July 17. (With a report from PIA-6/PN)center_img All persons shall continue to observe the curfew for the period covered by the MGCQ until the classification is lifted or extended by the National Inter-agency Task Force (IATF).  The EO may be amended as the need arises or upon recommendation of concerned national government agencies or the IATF. Those whose work arrangements and occupations require them to go to work beyond the curfew hours are exempted.last_img read more

first_imgSt. Louis 7/8 girls basketball invitational was this past Saturday.The 7th grade girls placed 3rd in this tourney.First game held that morning St. Louis fell to St. Bartholomew’s 30-3. Molly Wachsmann and GiGi Dreyer were leading scorers. Sydney Schutte led in rebounding.The second game was played against Milan that afternoon. St. Louis won this game 18-16 it was a nail biter. Getting our points was Betsy Harmeyer with 10, Grace Mack with 4, GiGi Dreyer with 2, and Sydney Schutte and Grace Eckstein with 1 each. Rebounding for the Lady Cardinals were Sydney Schutte, GiGi Dreyer, Grace Laudick, Grace Mack, Grace Eckstein, Molly Wachsmann, and Chloe Meadows.Team players were Betsy Harmeyer, Chloe Meadows, GiGi Dreyer, Grace Eckstein, Grace Laudick, Grace Mack, Mindy Eckstein, Molly Wachsmann, and Sydney Schutte.Courtesy of Cardinals Coach Erin Trenkamp.St Louis school hosted their 3rd annual 7/8 girls basketballinvitational Saturday and the 8th grade Lady Cardinals were8th grade champions.In the morning round St. Louis defeated St. Bartholomew’s 25 to 24on a last second shot by Hailey Mohr.St Louis defeated Milan in the championship game by a final score of 33 to 28.Both games were close throughout. Second half free throw byAvery Roell and Harlee Masavage secured the championship gamefor St. Louis.  However strong team play with each player doing their job were the key to the vicorires.Team players are, Hanna Hurm, Sarah Preston, Hailey Mohr, Kate Poltrack, Kate Burkhart, Harlee Masavage, Avery Roell.Courtesy of Cardinals Coach Mike Burkhart.last_img read more

Wildcats And Patriots Soccer Ends Up Tied

September 24, 2020 | xppcyhzz | No Comments

first_imgFranklin County and Union County battled to a draw last night 1-1, culminating in each team scoring once in the last three minutes of the game.Alex Hedges scored the equalizing goal of the match with a little over two minutes remaining. The defense played strong and stout for most of the game, only being breached once by a once-in-a-lifetime goal.The ‘Cats hit the practice pitch tonight in preparation for East Central tomorrow.Courtesy of Wildcats Coach Daniel Gartenman.last_img

Bobby Joe Campbell

September 24, 2020 | xppcyhzz | No Comments

first_imgBobby Joe Campbell, 77, of Dillsboro, Indiana, passed away Thursday, November 16, 2017 in Milan, Indiana.He was born May 4, 1940 in Pineville, KY, son of the late Earl and Viola Campbell.He served his country as a member of the United States Navy.Bobby Joe worked as a Field Service Technician for General Electric, retiring after over 32 years of service. He enjoyed his retirementSurviving are daughters, Rachel (Rob) Thies of Guilford, IN, Rochelle (Lester) Sandlin of North Vernon, IN; grandchildren, Dustin (Brooke) Thies of Lawrenceburg, IN, Joel Sandlin, Kalena Sandlin and Leslie Smith, great grandson, Koel Sandlin; close family friend Charles Locke.He was preceded in death by his parents and his loving wife of 48 years, Beverly C. Campbell.Friends will be received Wednesday, November 22, 2017, 12:00 pm – 1:00 pm at the St. John Lutheran Church of Bellaire, 4937 State Road #48, Lawrenceburg, Indiana.Services will be held at the Church at 1:00 pm with Pastor Matthew Voyer officiating.Interment will follow in the St. John’s Lutheran Cemetery, Lawrenceburg, Indiana.Contributions may be made to the Dillsboro Life Squad or St. John Lutheran Church. If unable to attend services, please call the funeral home office at (812) 926-1450 and we will notify the family of your donation with a card.Visit: www.rullmans.comlast_img read more

Golf: Ahmed Promises the Return of Kwara Open

September 17, 2020 | xppcyhzz | No Comments

first_imgThe Governor of Kwara State, Gov. Abdufatah Ahmed has assured golf aficionados of the return of Kwara Open later in the year.He gave the assurance during the closing ceremony of the Kwara @ 50 Golf Tournament last weekend at Ilorin Golf Club.Captain of the Club, Ola Maliki, said the tournament was an unprecedented one in the history of the Club.“We are amazed at the turn out of golfers from across the country. We had virtually all hotels in the city fully occupied because we had close to 400 players come in to compete at the tournament. “We also created avenue for local entrepreneurs to showcase their wares at stands we created at the golf club. It was practically a spike in the local economy,” revealed Maliki.Minna Cantonment Golf Club-based Sunday Odegha who won the professional’s round picked $2,700 out of the $25, 000 staked for their category.The event was also the first Professional Golfers’ Association of Nigeria (PGAN) event denominated in foreign currency after the 2009 Nigeria Open.MicCom Golf Club’s Sunday Olapade was runner up while Air Assault Golf Club Mike Ubi placed third at the event.Luqman Owolewa, the CEO of Sluqfort, the consulting firm that managed the Kwara @ 50 Tournament said that the event enjoyed such patronage from corporate and private partners because of the pedigree of the people behind it.“Our Governor is passionate about making the state re-positioned as the hub of golf. This is what it has been missing in the past but with the recent investments in the club and the busting talents that the state has, he is very committed to give the necessary support to use golf to stimulate tourism and drive the local economy,” he added.President-elect of the Nigeria Golf Federation, Prince Olagunsoye Oyinlola, was part of the over 200 amateur players that grace the 36 holes contest that rounded off the event last Sunday.Homeboy, Ibrahim Usman, won the Category One rank beating Sagamu scratch player, Uche Eze to second place.The Kwara @50 Golf Tournament was sponsored by BUA Group, Sterling Bank, Yola’s Consultants ltd, Duravil Construction Ltd, Chelfom Engineering & Construction Ltd, Lanre Shittu Motors, ICMA Professional Services, Pyramid Ltd, Kwara Internal Revenue Service and Chief Kunle Oyinloye of Infrastructure Bank.The event which lasted for six days witnessed a record entry in both the professional and amateurs categories.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

first_img Published on February 28, 2012 at 12:00 pm Facebook Twitter Google+ Commentscenter_img As freshman roommates, Aleah Marrow and Maddie Kobelt became fast friends and shared countless laughs together in their South Campus apartment.Little did they know that their relationship would extend onto the court the next season.‘Right when we first met, we clicked really well off the court because we both liked to laugh a lot,’ Kobelt said. ‘That definitely carried over to the court. We smile a lot when we play together, regardless of the score. If there’s any tension or pressure we try to smile it off because we know that we always have each other’s back.’The countless hours that Marrow and Kobelt spent together last year helped set the foundation for the duo’s relaxed, loose style of play as doubles partners. Both players developed during their freshman campaigns and returned as experienced ‘bruisers’ in the Syracuse doubles lineup. If the No. 39 Orange wants to clinch a berth in the NCAA tournament, it will need key contributions from the sophomore pair.Marrow and Kobelt have compiled a 7-5 record, including a 4-0 mark in Big East play, as they have continued to find their groove under head coach Luke Jensen’s aggressive coaching style.AdvertisementThis is placeholder textAnd both players made large strides in development in their first year at Syracuse. Kobelt learned under senior Emily Harman. She paid attention to detail and emulated Harman’s intense play. Marrow took a similar path, learning the complexities of the doubles game by playing with senior Simone Kalhorn.When Jensen made his decision to pair Marrow and Kobelt together, the head coach knew it would take some time before the two players felt comfortable communicating with one another on the court.Kobelt, however, was optimistic that she and her old roommate could be successful against quality competition.‘When we started playing with each other, everything became so natural,’ Kobelt said. ‘Being able to have the relationship off the court, that friendship definitely helped smoothen the transition of playing with a new partner.’Marrow and Kobelt have also given Jensen a reason to smile. Their consistent play has filled a hole in the Orange doubles lineup, which lacked a competitive pairing.The duo was productive right out of the gates. In the season opener against a ranked South Florida squad, Marrow and Kobelt were again sharing laughs, this time under the shining Florida sun. Both players fed off each other’s energy, using their chemistry on the court to communicate and establish a sense of rhythm.Marrow and Kobelt won the only doubles game for the Orange in that USF match and haven’t looked back since.Jensen has been steadfast in his decision not to fiddle with his sophomore tandem. With an infusion of freshmen on the roster, Jensen said he has tried mixing and matching different doubles combinations to find what works best for the team.But he has left the Marrow-and-Kobelt pairing alone and has shown confidence in the two players who have played more doubles matches together than any other SU pair this season.And as the two players gain more repetition in doubles, their ability to compete at a high level will continue to rise.‘Our personalities clashed well,’ Marrow said. ‘We’re more of a silly pair, we know how to stay relaxed, but we know when to be serious when we play.‘It works with us, that’s just how our relationship is.’awmirmin@syr.edu last_img read more