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Trading swaps, options and futures using TSI
A range of financial tools are now available to help you manage your price risk for iron ore, steel and scrap using TSI's indices.
Clearing services are available in all areas to mitigate any counter-party credit risk when trading Over-the Counter (OTC) derivatives (swaps, options, etc.). More information about the cleared contracts currently available is provided below:
I am interested in trading cleared derivatives for:
TSI's Iron Ore index In addition to being widely used in physical iron ore pricing arrangements by steel mills, traders, brokers and miners, TSI’s iron ore index is also used for settlement of Over-the-Counter (OTC) financial contracts. These can cleared on the following Exchanges/Clearing Houses:
| Settlement: | Financial, against TSI’s 62% Fe iron ore reference price | | Trading unit: | 500 metric tons | | Price quotation: | US dollars and cents | | Trading months: | 24 consecutive months | | Press release: | click here | | More information on SGX: | www.sgx.com | | Date contract launched: | 27 April 2009 | | | Settlement: | Financial, against TSI’s 62% Fe iron ore reference price | | Trading unit: | 1,000 metric tonnes | | Price quotation: | US dollars and cents per metric ton | | Trading months: | Front 3 months, 4 quarters, 2 calendar years | | Press release: | click here | | More information on LCH: | www.lchclearnet.com/commodities/iron_ore/products.asp | | Date contract launched: | 1 June 2009 | | | Settlement: | Financial, against TSI’s 62% Fe iron ore reference price | | Trading unit: | 500 dry metric tons | | Price quotation: | US dollars and cents per short ton | | Trading months: | 24 consecutive months | | Press release: | Click here | | More information on CME: | Click here | | Date contract launched: | 11 July 2010 | | | Settlement: | Financial, against TSI’s 62% Fe iron ore reference price | | Trading unit: | 1,000 metric tonnes | | Price quotation: | US dollars and cents | | Trading months: | 24 consecutive months | | Press release: | Click here | | More information on NOS: | www.nosclearing.com | | Date contract launched: | 11 July 2010 | | | Indian Commodity Exchange | | | Settlement: | Financial, against TSI’s 62% Fe iron ore reference price | | Trading unit: | 100 metric tonnes | | Price quotation: | Indian Rupees | | Trading months: | 24 consecutive months | | Press release: | Click here | | More information on ICEX: | www.icexindia.com | | Date contract launched: | 1 February 2011 | | TSI's Steel Index TSI's steel reference prices are now used in the clearing of flat steel swap contracts. See below for more information:
| Settlement: | Financial, against TSI’s Northern & Southern European hot rolled coil prices | | Trading unit: | 20 metric tonnes | | Price quotation: | Euros | | Trading months: | 24 consecutive months | | Press release: | Click here | | More information on LCH: | www.lchclearnet.com/commodities/steel/ | | Date contract launched: | 1 December 2010 | | TSI's Scrap Index TSI is supplying the scrap reference price for the world’s first cleared scrap swap contract open to international trade. See below for more information: | Settlement: | Financial, against TSI’s Turkish imports HMS 1&2 80:20 scrap reference price | | Trading unit: | 20 metric tonnes | | Price quotation: | US dollars and cents | | Trading months: | 24 consecutive months | | Press release: | Click here | | More information on LCH: | www.lchclearnet.com/commodities/steel/ | | Date contract launched: | 18 October 2010 | | |
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