Last Updated : January 09, 2012 22:16
LME to introduce LMEswaps for hedging metals against monthly average price
LONDON (Commodity Online): The London Metal Exchange said it will be introducing a new product, called LMEswaps, designed for members of the metals community who need to hedge against the monthly average price. LMEswaps will be introduced for all non-ferrous metals on Jan. 23.
They will be tradeable on LMEselect and the 24-hour telephone market, allowing participants to enter into a fixed price and settle the difference against the floating price, or monthly average settlement price, at the end of the averaging period.
NCDEX GARSEDJDRJUL12 20 July 2012
contract was trading at
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