CBOT to Launch OTC Ethanol Contracts

Cindy Zimmerman

CBOT The Chicago Board of Trade has announced plans for two new over-the-counter (OTC) Ethanol Calendar Swap contracts.

The new products, which will include contracts for both forward and previous month calendar swaps, will be based on the price of CBOT Ethanol futures contracts. Scheduled to be introduced on December 4, 2006, CBOT Ethanol Swap contracts are the first exchange-cleared OTC products to be specifically tailored for use in the ethanol industry.

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Ethanol, News