SGX to offer fuel oil clearing
The Singapore Exchange (SGX) now offers clearing of OTC balance-of-month fuel oil 180cst and 380cst swaps. The clearing initiative will allow market participants to clear partial month contracts and therefore mitigate their bilateral credit risks. On each business day, two balance-of-month contracts each for fuel oil 180cst and 380cst, comprising the current business day contracts and next business day contracts, will be listed for clearing. Such balance-of-month fuel oil swaps are traded as
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