Dalian Commodity Exchange (DCE) held the Commodity Swaps Business Forum in Guangzhou recently. Representatives from commercial banks, securities companies, risk management subsidiaries of futures companies and entity enterprises in South China, and relevant experts from DCE composed in-depth notes on the development, marketing and practical cases of commodity swaps business.
A representative of industry enterprises said that DCE’s commodity swaps business, with futures price or futures price index as the pricing benchmark, has provided the real economy with diversified and individualized commodity price risk management instrument, and it has become a helpful supplement for the futures standardized market. It is of great significance for improving the operation and management of industry enterprises by making use of the futures market. The activity has helped enterprises to further understand the commodity swaps business and laid a solid foundation for the price risk management through swaps.
The accumulated nominal trading volume has exceeded RMB100 million since the launching of the commodity swaps business by DCE. Next, DCE will continue to improve the commodity swaps business scheme, intensify the marketing efforts, research to roll out over-the-counter business modes like price swaps, warehouse receipts trading, basis trading and central clearing, so as to keep rationalizing the connotation of the over-the-counter market’s development.
