Wednesday, 30 Nov 2011
Singapore Exchange's AsiaClear service will clear more varieties of over the counter coal and naphtha swaps from next month.
Clearing of OTC CFR South China Coal Swaps and CFR Japan Naphtha Swaps is available from 5 December 2011 while Balance of Month CFR Japan Naphtha Swaps and Balance-of-Month FOB Korea Benzene Swaps clearing will be offered from 1 February 2012.
Ms Julie Heng Head of Commodities at SGX said "We are extending our OTC product suite in response to market demands, offering greater breadth of trading tools to our customers. These products offer traders and market participants additional risk management tools which will help to support the growth of the coal and petrochemical markets in the region. We are continuing with our strategy of building AsiaClear, Asia's first and only clearing service for OTC commodities and financial derivatives."
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