SCB Group

First OTC Trade in South American Soybeans

November 11, 2019

SCB Group
First OTC Trade in South American Soybeans

SCB Group, the world-leading, low carbon commodity brokerage, is pleased to announce that its pioneering financially settled Over The Counter (OTC) swap contracts for Brazilian soybeans exports have now been exchanged. This was the first such derivative trade in South American soybeans.
SCB facilitated two 5,000 mt trades between Export Trading Group, the Dubai-based agricultural conglomerate (buyer), and Olam, the Singapore headquartered agri-business (seller). The first of these transactions was traded in June, and the second in late October.

Kevin McGeeney, CEO of SCB, commented:

“We are delighted to have been part of the first two financially settled OTC swap contracts in Brazilian soybeans. These innovative trades were unique for the South American export market. We see a significant opportunity for soybean producers to use OTC swap contracts to more efficiently manage their exposures and market risk in the world’s largest soybean exporting region.”

For further information, please contact:

Pauline Tainton, Marketing Officer, SCB     + 41 22 365 5310

Camarco, Financial PR
Billy Clegg, Jennifer Renwick, Monique Perks    +44 20 3757 4995

Notes to Editors:

SCB Group is a world-leading commodity brokerage with a mission to promote the adoption of a low carbon future. Its method is to assist buyers and sellers close trades in environmental products. In this context, SCB has over the last 13 years arranged transactions that have abated 300 million MT of CO2 through activities in Europe, Asia, Africa, and the Americas.

SCB operates in high growth markets and for over ten years has been the world’s largest biofuel broker, holding leading positions in physical and derivative markets including Biodiesel; Ethanol; Waste; Methanol; Carbon; Agriculture; Battery materials; LNG and Energy Derivatives. SCB is the market leader in its core markets.

SCB has a stable, diverse, aligned management team and strong Board, has a positive, progressive business culture and is profitable, with positive cash flow. SCB is a high growth business delivering 15% CAGR over the last ten years with a clear future growth strategy. By 2024 SCB aims to have doubled the size of its business - revenue, staff numbers and CO2 impact.

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