SCB facilitated two 5,000 mt trades between Export Trading Group, the Dubai-based agricultural conglomerate (buyer), and Olam, the Singapore headquartered agri-business (seller). The first of these transactions was traded in June, and the second in late October.
Kevin McGeeney, CEO of SCB, commented:
“We are delighted to have been part of the first two financially settled OTC swap contracts in Brazilian soybeans. These innovative trades were unique for the South American export market. We see a significant opportunity for soybean producers to use OTC swap contracts to more efficiently manage their exposures and market risk in the world’s largest soybean exporting region.”
For further information, please contact:
- Pauline Tainton, Marketing Officer, SCB + 41 22 365 5310
- Camarco, Financial PR
- Billy Clegg, Jennifer Renwick, Monique Perks +44 20 3757 4995