date:Jul 31, 2013
Nelson Low, Executive Director, Commodity Products, CME Group.
These new Australian dollar-denominated swaps will enable producers, exporters and other Australian wheat market participants to manage their wheat market exposure in local currency instead of US dollars. Additionally, commercial wheat participants will now have greater flexibility to manage counterparty risk through these cleared OTC swaps.
These new cleared AUD wheat swaps will be approximately one-fifth the contract size of t