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EXTENSION OF OTC IRON ORE SWAP CONTRACT MONTH TO 24 MONTHS
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The Exchange is pleased to annouce that it will be extending the number of contract months available for OTC Iron Ore Swap Contract with effect from Monday, 1 March 2010, as follows:
Contracts |
Revised with effect from 1 March 2010 |
Current |
Months |
24 consecutive months starting from current month |
18 consecutive months starting from current month |
We have received market feedback of the need to hedge longer term exposure. This extension will hence enable market participants to trade and clear further months.
The contract months available for clearing on 1 March 2010 will therefore be from March 2010 to February 2012.
Should you need any clarification or further information, please contact Kenneth Ng (Tel: 6236-8388) or Tan Say Liang (Tel: 6236-5130) of SGX AsiaClear.
Issued on: 1 Mar 2010
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