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, â€œThis 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
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Press release from Sicom