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November 10, 2014

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Copper swap trade

SHANGHAI Clearing House is planning to launch copper-premium swap clearing business in the free trade zone to provide a hedging tool for copper companies.

The Free-Trade-Zone Copper-Premium Swap Central Counterparty Clearing will be launched as early as the end of this year, Chen Guang, finance director of the clearing house, told a forum last week.

The Yangshan copper premium index will be adopted as a clearing basis and will be priced and settled in yuan.

Copper companies and financial institutions which have opened free trade accounts are qualified to participate in the business.


 

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