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Shannghai clears RMB13 mln contract RMB-denominated container freight swaps

BEIJING
2015-12-14 15:58

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Shanghai Clearing House said that it cleared 13.07 million yuan worth of yuan-denominated and ship container freight swap agreements at the debut of these contracts.

Last Friday, Shanghai Clearing House started to provide over-the-counter central counterparty clearing for yuan-denominated container freight swap contracts that are based on routes out of Shanghai to the Europe or to the U.S. west coast and will be cash-settled against the Shanghai Containerized Freight Index.

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