CME Clearing Europe Adds Two Iron Ore Contracts

CME Clearing Europe, CME Group's

European clearing house, today announced that it has added two new over-the-counter (OTC) Iron Ore contracts for clearing: Iron Ore 62% CFR China Calendar Swaps and Iron Ore 62% CFR China Average Price Options beginning Monday, 10 December 2012 subject to regulatory approval. This expansion of products is in line with CME Clearing Europe's commitment to helping customers manage their risk associated with China's construction industry. These new products build on CME Group's growing and expanding Virtual Steel Mill suite of products. In conjunction with clearing commodity contracts that support its clients' risk management needs, CME Clearing Europe offers margin efficiencies through inter-commodity spread credits where product pairs are price correlated, and offers margin offsets between its OTC WTI and Brent crude oil contracts, as well as its gasoil contracts. For full details of the advisory notice please click here http://www.cmeclearingeurope.com/clearing/files/cmece-advisory-notice-12-84.pdf CME Clearing EuropeCME Clearing Europe is an FSA recognised, multi-asset class clearing house based in London that offers more than 200 OTC products for clearing. Its clearing model ensures stability and increases transparency in the OTC markets that it clears. CME Clearing Europe has its own dedicated staff, and its