Iron Ore

LCH.Clearnet provides an independent clearing service for OTC Iron Ore swaps contracts settled against the daily Steel Index (TSI) 62% Fe C+F China.  Globally based steel mills, producers, ship owners and trading companies are increasingly looking to manage their price and counterparty risk through cleared trading opportunities.  By clearing through LCH.Clearnet, clients benefit from the stability and the implicit security of our default fund.

Iron Ore Brokers 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 launched in June 2009 with strong support from the iron ore broking and trading community.  LCH.Clearnet is committed to working closely with the industry to ensure that our offering reflects the ongoing needs of the marketplace.