Cathode copper trading gets ready

By Vera Ye | July 19, 2016, Tuesday |

Online Edition

SHANGHAI Clearing House yesterday launched the central counterparty clearing for cathode copper swap trading.

The first batch of 3,340 contracts was cleared during the day, involving 16,700 tons of cathode copper worth 640 million yuan (US$95.5 million), SCH said in a press release.

The central counterparty clearing refers to the process by which financial transactions are cleared by a single counterparty such as a clearing house.

The trading is based on cathode copper price index compiled by Shanghai Metals Market and is priced, cleared and settled in yuan.

The service is to cater to the rising demand for hedging tools in copper market and enhance the pricing power of Chinese traders in international markets, SCH said.

The clearing house is planning to launch central counterparty clearing services for financial derivatives of coal products this year.

Manufacturing

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Cathode copper trading gets ready

Email this to your friend