Sicom , Sino Rubber announce clearing system

ERJ staff report (DS)

Singapore -- Singapore Commodity Exchange (SICOM), has signed an agreement with China's Sino Rubber Electronic Trading Market Co., Ltd (Sino Rubber) to collaborate on the launch of an Over-the-Counter (OTC) Rubber Forward Clearing Service with final settlement by physical

delivery in China.

Under the agreement, Sino Rubber will facilitate the delivery of the OTC rubber forwards

that are cleared in SICOM.

Mr Jeremy Ang, Chief Executive Officer of SICOM said, “This clearing service will provide

participants with a larger pool of counterparties and facilitate trading with multiple

counterparties under a single contract. The partnership with Sino Rubber, China's largest

market for natural rubber trading, will anchor SICOM as the pricing benchmark for physical

rubber.”

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Press release from Sicom