SWIFT_Commodities ArcelorMittal_Commodities
Dear Member,
In order to improve and streamline both reporting and confirmation of derivative transactions for hedging purposes on OTC commodities, some large corporates (Lafarge, Coca-Cola, ArcelorMittal, PSA, Schneider and Nexans) are developing in conjunction with SWIFT and some large banks (SG, Morgan Stanley and BNP Paribas) a standard electronic confirmation.
They are looking for new corporates all across Europe interested in testing and joining the project .
We are attaching a presentation of the project and a practical case brought by ArcelorMittal.
If you are interested in joining them please contact me.
This project is sponsored by the EAFCT and the ACTSR.