Sicom sets up arbitration scheme to help traders hit by defaults

Singapore — Following the collapse in the price of natural rubber,
Sicom, Tocom and other markets have been hit by a wave of buyers who
bought physical rubber who are not fulfilling their obligations.
Jeffrey Tan, senior director for business development and clearing at
Sicom saidno-one knows how big the problem is; how much rubber is
onvolved, or the value of the contracts.

Traders who acted on behalf of customers are reluctant, he said, to reveal all their losses.

Tan said Sicom is putting in place…

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