PLATFORM  /  DECIDE  /  X-ORIGINATION

DECIDE · 02

X-Origination.

Price the flexibility they hope you give away.

X-Origination prices every flexibility in a term negotiation, destination clauses, volume tolerance, indexation choice, intrinsically and extrinsically, before you concede any of them.

$0.5–2M

PER CONTRACT YEAR IN DESTINATION FLEX ALONE

What destination flexibility alone is typically worth, priced, not guessed, before you concede it.

WHAT IT DOES

The work X-Origination takes off the desk.

01

Destination clauses priced

The dollar value of every re-routing right.

02

Volume tolerance

Upward and downward flex, valued.

03

Indexation choice

Which index actually pays over the curve.

04

Intrinsic + extrinsic

Both the certain and the optional value.

05

Re-priced between two calls

A counter-offer valued while the negotiation is still running.

06

Negotiation floor

Know your walk-away before the call.

INSIDE X-ORIGINATION

Every clause priced before the call.

TERM SHEET · 3Y SPA
Destination clause+$1.8M/y
Volume tolerance ±10%+$0.9M/y
Indexation · TTF vs JKM+$0.52/MMBtu
Walk-away floorset

INTRINSIC + EXTRINSIC · EVERY CLAUSE IN DOLLARS

PROVEN ON REAL BOOKS

Not claims. Published case studies.

HOW IT WORKS · YOUR WORLD IN, DECISIONS OUT

01 · WHAT GOES IN

Term-sheet clauses

Forward curves

Volatility

02 · CALYPSO ENGINE

One optimisation over the whole problem, re-solved as the market moves.

03 · WHAT COMES OUT

Clause values

Intrinsic + extrinsic

Negotiation floor

THE QUESTIONS IT ANSWERS

UC-11

A 3-year SPA is on the table.

Destination flex, volume tolerance and indexation choice, valued intrinsically and extrinsically before you concede any of them.

UC-05

The tender closes at 14:00. Where is your floor?

Below which price does the delivery destroy portfolio value? Computed against the whole book before the deadline, not estimated.

“Calypso’s team delivered the customisation modules for the specific needs of our desk, from upstream to downstream.”
TRADER · PORTFOLIO PLAYER

YOUR WORLD GOES IN

Excel, API or your ETRM. No IT project, no year-long integration.

LIVE IN SIX WEEKS

From first call to a live desk. The engagement, week by week →

TRUST

ISO 27001:2022 certified. Data hosted in Germany. The quant team stays on your account.

PART OF DECIDE

Real-time answers for the calls that cannot wait: netbacks, deal valuations, the morning’s positions.