2012-11-29 — goldswitzerland.com
In that respect you're known for advocating a new system that you've called an Energy Clearing Union. Could you describe to us the mechanism behind that?
So a Clearing Union may thought of as a legal framework within which financial obligations are created, exchanged and settled.
The approach to clearing I advocate does not envisage a central issuer where all the market risk is concentrated, but is rather a framework agreement providing a mutual guarantee of credit obligations created and issued by producers and accepted directly -- `Peer to Peer' -- by consumers.
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.