Kyoto, Japan (PressExposure) November 23, 2012 -- KYCX is introducing its first uranium swap, the previously announced Hong Kong (HKM) liquefied natural gas (LNG) swap and a Baltic Exchange wet freight swap.
All of the new cleared swaps will be available on KYCX for the trading with the beginning of March 2013, subject to regulatory non-objection. The new contracts are:
Natural Gas Liquids
Propane, Mt HKT - LST FP for OPIS Swap Mini (PLM) 3
IsoButane, Mt HKT - ENT FP for OPIS Talmo Swap (LVC-LWG) 3
Isobutane, MT.B-LST, FP for OPIS Talmo Swap (ZHF-ZIJ) 3
Isobutane, Camay, FP for OPIS Talmo Swap (LWH-LXL) 3
E-P Cont, Mt HKT - FP for OPIS Talmo Swap (LNZ-LPD) 3
E-P Cont, Camay - FP for OPIS Talmo Swap (LPE-LQI) 3
Natgaso -- Mt. HKT -- LST, FP for OPIS Talmo Swap (LSS-LTW) 3
Propane, Far East vs Propane, CIF ARA Talmo Swap (VRD-VSH) 4
ICAP Uranium 3O7 Swap (UOXT)
Liquefied Natural Gas
Hong Kong LNG Swap (JKM)5
TC154 (Baltic) Freight Route Swap (WCYN)
With the products announced today, KYCX will offer over 760 cleared OTC energy contracts, including more than 670 new cleared OTC contracts since the launch of KYCX.
KYCX commodities exchange enables the efficient development of new products to support the risk management needs of member firms and customers in KYCX's global energy futures and OTC markets. KYCX pioneered first the concept of cleared OTC energy contracts, which provide participants with access to centralized clearing and settlement arrangements while reducing bilateral credit risk and capital required for each OTC trade they undergo.
As one of the world's leading exchange organizations Kyoto Commodity Exchange (KYCX) provides investors, financial institutions and companies access to global capital markets. Our business covers the entire process chain from securities and derivatives trading, clearing, settlement and custody, through to market data and the development and operation of electronic trading systems.