LCH.Clearnet to clear iron ore swaps

London based clearing house LCH.Clearnet has announced that it will clear over the counter (OTC) iron ore swap contracts before the end of May.

LCH.Clearnet is working with OTC iron ore and freight broker Freight Investor Services (FIS) to develop monthly cash-settled swaps based on industry published reference prices.

"We are pleased to have been working exclusively with LCH.Clearnet on this project. The volatility in the spot market since last April has created a need for a cleared derivative contract and abolishment of the old iron ore pricing mechanism," says John Banaszkiewicz, managing director of FIS.

The announcement follows the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here