LCH Clearing Service for FIS fertilizer swaps market

摘要

LCH. Clearnet is now fully operational in providing clearing services to the FIS fertilizer swaps market. It provides significant advantages: ·Elimination of credit risk, and guaranteed settlement ·Daily mark-to-market evaluation of open positions ·Non-disclosure of counterparties, (LCH becomes the central counterparty). ·Netting of positions, thus reducing operational burden ·Attracting new players to the swaps market-no need to set up counterparty credit lines Many major fertilizer counterparties have already signed up to the service. Signing up is completely free and there is no commitment to trade.