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 individual day contracts in the current month, with the final settlement derived from Platt’s daily spot a
To continue reading...
If you have access through Open Athens you can login here