London, 30 July 2011: Commodities Now

Marex Spectron Group (Marex Spectron), the global commodities and financial markets brokerage, is pleased to announce that it has brokered the first financially settled Chinese coal swap. The CFR China 5500 grade swap – for August 2011 – was for 5,000 tonnes, and traded at $113.25/tonne. The two counterparties to the trade were RWE Supply & Trading Asia‐Pacific Pte Ltd and Standard Bank PLC. The swap is being settled against the IHS McCloskey/Xinhua Infolink South China CFR Index.

“We are delighted to have been involved in such a landmark trade and hope we can continue to contribute to the development of liquidity in this exciting new market,” said Nick Lygoe, co‐head of Coal at Marex Spectron. “We’ve been extremely pleased by the level of interest in Chinese swaps since we launched our coverage earlier this month; this deal has already boosted that interest further.”

CFR China 5500 swaps are tradable via Marex Spectron’s live trading screen or over the phone through its voice brokering team. Prices on the months, quarters, seasons, calendar half years, and full years are currently being discussed. Marex Spectron is also a long‐established broker of other coal swaps markets globally from its offices in the UK, US and Singapore, including CIF ARA, FOB Richards Bay and FOB Indonesia contracts.

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