Freight

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 eight 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.