On the platform of RMB forward freight agreement (FFA) central counterparty clearing business, the first batch of domestic OTC commodity financial derivatives clearing business was officially launched:

Rmb iron ore swap

Central counterparty clearing business of RMB thermal coal swap.

RMB Forward Freight Agreement (FFA), iron ore and thermal coal swap: refers to the financial derivatives of shipping and commodities that are traded by both parties through the brokerage company designated by Shanghai Clearing House, priced, cleared and settled in RMB, with the designated spot price index as the final settlement target, and cleared by the central counterparty through Shanghai Clearing House. They are hedging tools used by the relevant real economy to hedge the price risks of freight, iron ore and thermal coal.

3. RMB foreign exchange futures