SSY brokers groundbreaking FFA option deal
“This is a defining moment for the FFA markets,” says Mark Richardson, head of SSY Futures, who concluded the trade. “Until now the options market’s forward curve, used to value FFA option transactions, has been priced up to three years forward. Having the ability to trade a full five years out will attract a whole new category of user to the markets.”
Structured finance deals, which are used to fund vessel purchases, often need an element of security provided in terms of future earnings. Having
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