CME Clearing Europe will start clearing a new alternative fuel product and a new vegetable oil product. The European clearing house will clear the German Specification T2 Ethanol Swaps and U.S. dollar-denominated Rapeseed Oil Swaps.
The clearing facility will also provide margin offsets between U.S. dollar and Euro-denominated Rapeseed (Argus) Calendar swap contracts and the Argus Biodiesel RME FOB Rotterdam swap. CME Clearing Europe is a wholly owned subsidiary of CME Group, set up in London to offer services as a multi-product clearing house for non-U.S. customers.
Click here for the release from PR Newswire.