Related News
Home 禄 Business 禄 Manufacturing
Cathode copper trading gets ready
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.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
