SGX Freight Derivatives - Extension of Clearing Fees Discount Program
OREANDA-NEWS. June 25, 2015. Discounted clearing fees on SGX Freight derivatives products expiring at the end of June 2015, will be extended for a further 6 months to the end of December 2015.
SGX would like to take the opportunity to clarify that the discounted clearing fees will apply to all market participants, and that Clearing Members are required to pass on the discounted clearing fees to end-clients. In addition, there are no option exercise or assignment fees applicable for SGX Freight Option products.
Under the discounted clearing fee program, SGX will charge a flat rate of US\\$ 4.50 per lot (before GST) except for those products whose standard rates are lower than the discounted fee which are SGX Baltic Handysize Time Charter Average Futures/FFAs and Options on Handysize Time Charter Average Futures/FFAs. These will continue to be charged at their lower fees.
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