However, from the entry into force of the agreement on 1 June 2006 until its amendment on 30 June 2011, the annual price adjustments were not made on market conform conditions and led to significantly lower wood purchase prices for HoKaWe.

Options: An option is an agreement that gives the buyer, who pays a fee (premium), the right — but not the obligation — to buy or sell a specified amount of an underlying asset at an agreed price (strike or exercise price) on or until the expiration of the contract (expiry). A call option is an option to buy, and a put option an option to sell.

Options: An option is an agreement that gives the buyer, who pays a fee (premium), the right — but not the obligation — to buy or sell a specified amount of an underlying asset at an agreed price (strike or exercise price) on or until the expiration of the contract (expiry). A call option is an option to buy, and a put option an option to sell.

Lower purchasing prices resulting from the mere exercise of buying power are not likely to be passed on to consumers if the purchasers together have market power on the selling markets, and thus do not meet the criteria of Article 101(3).

Options are contingent assets which give their holders the right, but not the obligation, to purchase from (in the case of a call option) or to sell to (in the case of a put option) the issuer of the option (the option writer) financial or non-financial assets (the underlying instrument) at a predetermined price (the strike price) within a given time span (American option) or on a given date (European option).

Within the statutory forecasts, there is a net increase of $2.4 billion over the 2012-13 Main Estimates, with the major contributing factors being a $2.7 billion increase in transfer payments to the provinces and territories, resulting from the legislated funding formulae; a $1.5 billion increase as a result of transitional assistance payments provided for under the comprehensive integrated tax coordination agreements with Quebec and Prince Edward Island; a $1.3 billion decrease in interest on unmatured debt as a result of the interest estimate being revised to reflect the decrease in the average forecast of interest rates; a $0.4 billion decrease in other interest costs as a result of the interest estimate being revised to reflect the d ...[+++]ecrease in the average long-term bond rate; a $10 million increase for a payment to the International Bank for Reconstruction and Development for the development and implementation of pilot projects to demonstrate the role of innovative market incentives in agricultural-applied research; and a $6.5 million increase for the purchase of domestic coinage, which reflects the savings identified as part of the spending review offset by net redemption and administration costs due to an accelerated profile of penny redemption rates as well as increased cost estimates for demand and metal price increases reflective of recent growth projections for overall coinage.