Singapore Exchange (SGX) has launched its SGX AsiaClear OTC
clearing facility for a suite of 18 OTC oil swaps and forward
freight agreements (FFAs) (see FO Week Vol 11 No
The first OTC oil product cleared was a fuel oil swap
between Bakri Trading and Chemoil International, brokered by
Ginga Petroleum, an interdealer broker. The trades were cleared
by ABN Amro and Fimat Singapore.
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