LCH.Clearnet will not charge any clearing fees to traders that wish to clear their forward freight agreements (FFA) and iron ore swaps during December.
Isabella Kurek-Smith, director of energy and freight services, said the clearing house was able to offer the fee holiday because of its new ownership structure. "Free clearing is our way of thanking the market for all its support this past year,” she said.
A spokesperson for LCH.Clearnet in London added that the fee...