AbstractJet Emitting Disc (JED) has dynamical properties quite different from both the standard and advection dominated discs. It also exhibits three different thermal equilibrium branches at a given radius: two stable (cold and hot) and one intermediate unstable. The hot solution has all the characteristics of the so-called “hot corona” generally invoked in XrB sytems in the Low/Hard states. We detail the energetics and radiative expectations of our model and show their good agreement with those observed in Cygnus X-1 in terms of jet power, jet velocity and spectral emission.