OTC nickel contracts stuck despite trading resumption

Contracts still unable to settle using new prices, but Isda template may solve the issue

Nickel-ore

While nickel futures trading has resumed on the London Metal Exchange (LME), contractual problems have meant holders of over-the-counter derivatives contracts linked to the metal are still unable to settle trades that expired during the market shutdown.

The International Swaps and Derivatives Association is working on a bilateral template that would allow counterparties to use the new prices to settle the trades. But, in the meantime, the contracts remain stuck unless they are dealt with

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