ISDA adds coal annex to its Master Agreement

The Global Physical Coal Annex will facilitate the purchase or sale of physical coal on a spot or forward basis, or the trading of options to purchase or sell physical coal. The new publication is an annex to the ISDA Master Agreement Schedule, similar in structure to ISDA's other commodity-specific annexes in the power, gas and emissions markets.

The annex was developed to standardize terms and to increase liquidity in the growing global physical coal trading market. It has two appendices

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