Hi SwapThanks again for your postings. The hedging I guess is...

Hi Swap

Thanks again for your postings. The hedging I guess is posing a major issue for CER/CNP. I assume CNP is the major counterparty to the hedging so they will get a bit of a boost to their figures tomorrow from this. Am I right or wrong???

Then if/when the USD/AUD gets up to the breakeven level then CNP will have to make a negative adjustment again?

In this current half I also assume we will start seeing the benefit of the interest rate cuts in CER's results with the hedging now less than 100%.