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.
Hemolysis is the destruction of red blood cells. Hemolysis can occur due to different causes and leads to the release of hemoglobin into the bloodstream. Normal red blood cells (erythrocytes) have a lifespan of about 120 days. After they die they break down and are removed from the circulation by the spleen.