Coal swap

Credit Suisse trades first coking coal swap

After the successful launch of iron ore swaps three years ago, Credit Suisse completes the "missing piece" by transacting a coking coal swap with a major coal industry player.

<div style="text-align: left;"> Chinese workers produce coking coal at a plant in Hubei province (AFP) </div>

Rupert Walker

August 30, 2011

Credit Suisse completed the first ever cleared coking coal swap transaction yesterday, in a development that should enable steel mills to hedge their exposure to their entire floating costs.

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