LCH.Clearnet’s FreightClear* provides an independent clearing service for the registration of OTC Freight Forward Agreements (FFAs) for the most actively traded routes; eleven dry and six wet routes, as well as options on the three main dry timecharter routes: Capesize, Panamax, and Supramax.
Globally based chartering companies, ship owners and trading companies are increasingly looking to manage their risk through cleared trading opportunities. By clearing through LCH.Clearnet, clients benefit from the stability and the implicit security of our default fund.
Brokers who are members of the FFABA have open and equal access to the service and can register their OTC brokered trades with LCH.Clearnet for clearing through a clearing member of LCH.Clearnet.
The service was launched in September 2005 with the support of the freight broking community. We are committed to working closely with the industry to ensure that our offering reflects the ongoing needs of the marketplace.
*FreightClear is the Freight Division of the LCH.Clearnet EnClear OTC Service.
17/12/2008 - EnClear Margin Rate Circular
05 January - Volumes
17 December - EnClear Margin Rate Circular
11 December - Changes to Strike Prices for the CTO Option within FFA Clearing Service
05 December - Banking Report Update - Enhancement to PPS Movement Totals Report
04 December - Contact - Freight
Isabella Kurek-Smith - Director, Head of Energy and Freight
Tel: + 44 (0)20 7426 7460
e-mail: isabella.kurek-smith@lchclearnet.com
Holly Shaw - Freight & Energy Markets
Tel: + 44 (0)20 7426 7027
e-mail: holly.shaw@lchclearnet.com