There is a fundamental tension in the cat bond market. Most investors want greater transparency in the bond structure; as a result, they often prefer parametric structures in which bonds are triggered by a physical or numerical index like wind speed. Issuers, on the other hand, tend to be more concerned with basis risk, the risk associated with imperfect hedging.
Many older barns and homes were sided with hemlock boards, but the wood is not as valuable as pine or spruce. No other plant in the province is as rich in tannin, and so hemlock bark was much in demand for tanning leather. Hemlock has a life expectancy of between 300-400 years. When large trees fall down, they take a long time to decompose and provide both nutrients and moisture to young seedlings.
A Deadly Poisonous Plant. Water hemlock (Cicuta spp.) is one of the most deadly poisonous plants in North America. When you begin learning about wild plants, a great place to start is with the most dangerous species found in your area. This way you can be sure to avoid these poisonous plants when out in the field learning about other species. Caution: Water hemlock can be deadly. It contains a toxin called cicutoxin, a violent convulsant, which acts as a stimulant in the central nervous system. Ingestion of hemlock can be fatal and symptoms can occur 15 minutes to 6 hours after the plant has been ingested.