Asia's maritime centre
Singapore's AsiaClear facility opened for business in late May on the Singapore Exchange (SGX). It was the result of two and half years' hard sell by the Singapore government to attract liquidity from credit-rich investment banks and brokers. The first two items through the over-the-counter (OTC) clearing checkout were at opposite ends of Singapore's commodities scale: fuel oil, at home in the world's largest bunker port; and forward freight agreements (FFAs), Singapore's freshest, smallest
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