Fanya adjusts financing rates for its contracts

The Fanya Metal Exchange has announced its decision to adjust financing rates across all of its listed contracts, according to a statement dated March 10.

Starting on March 16, the quoted daily financing rates will be uniformly set at 0.045%, compared to 0.04%-0.05% previously. The financing rates are the interests paid to capital lenders [investors who have longed the contracts] from borrowers, typically metal producers. Indium, germanium, cobalt and APT were the contracts that previously had the 0.05%...

Published

Carol Lu

March 12, 2015

10:50 GMT

Shanghai