Panamax route P2A AVG available for clearing

NOS Clearing ASA (NOS) is pleased to announce that the P2A AVG (settlement of all index days) is now available for clearing.

The underlying contract is a Baltic assessed Panamax route P2A, a time charter with basis delivery Skaw Gibraltar – Far East. The introduced contract has settlement of all index days, and both futures and options contracts are available for clearing. The closing price is set by NOS on the basis of the P2A curve published by the Baltic Exchange. The product structure includes 6 monthly contracts and 3 quarterly contracts.

Full Product Specification is available in Appendix 5, annex 5C and 5H, to the Rulebook. NOS has also released a Rulebook Notice 04/2011, describing the changes made to Appendix 5.

For any further questions please contact:
Clearing & Settlement department
E-mail: operations@nosclearing.com
Tel: +47 23 25 93 01