Newssummary: Shanghai Clearing House Plans to Launch Free-Trade-Zone Copper-Premium Swap

Nov 6, 2014 10:28

Source:SMM

Shanghai Clearing House (SCH) proposed to launch copper-premium swap in the China (Shanghai) Pilot Free Trade Zone.

SHANGHAI, Nov. 6 (SMM) – Shanghai Clearing House (SCH) proposed to launch copper-premium swap in the China (Shanghai) Pilot Free Trade Zone, SCH’s Finance Director Chen Guang said yesterday, according to report of Futures Daily.

The Free-trade-zone Copper-premium Swap (FCP), based on Yangshan copper premiums launched by Shanghai Metals Market (SMM), will be settled in Chinese yuan, and may be launched by this year’s end at earliest.

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Newssummary: Shanghai Clearing House Plans to Launch Free-Trade-Zone Copper-Premium Swap

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