Singapore Exchange (SGX) will begin clearing additional over-the-counter (OTC) coal and naphtha swaps from December, Reuters reports. SGX’s AsiaClear service will clear the new swaps.
Clearing of OTC CFR South China Coal Swaps and CFR Japan Naphtha Swaps will begin from December 5. Balance-of-month CFR Japan Naphtha Swaps and Balance-of-month FOB Korea Benzene Swaps will be cleared from February 1 onwards.
Click here for the release from Reuters.