Solutions 
By Asset Class
Commodities
Credit
Equity
Interest Rates
By Client Type
Broker Dealers
Buy Side
Fund Administrators
Inter-Dealer Brokers
Prime Brokers
By Services
Allocations
Clearing
Confirmation
Connectivity
Novation Consent
Portfolio Reconciliation
MarkitSERV for OTC Commodities Derivatives

Manage trade risk for your over-the-counter (OTC) commodities derivatives with an electronic network to exchange trade data, confirm transactions and achieve straight-through processing (STP).
 
MarkitSERV Services
Whether you are a buyer or seller, the MarkitSERV platform offers several choices to communicate with your counterparties and clearers, and provides a consistent workflow from confirmations to portfolio reconciliation and valuations.
 
Product coverage
The addition of commodities expands a product suite that already covers a wide range of transaction types including equity derivatives, interest rate derivatives and credit derivatives. Designed by a working group comprised of a diverse cross-section of industry players, the MarkitSERV system currently supports financial transactions based on the following commodities.
 
Oil and refined products
Natural gas liquids
Coal
Aggriculturals
Freight
 
Paper
Power*
Natural gas*
Base metals
Precious metals*
 

*Also supports physical delivery.

Future deliverables, according to working group priorities: allocations, physically-settled options, excess/total return swaps on commodity indices, physically-settled coal and base metals, prime brokerage give-ups.

Product TypeEuropeN. AmericaAsia
Options
  European-, American- and Asian-style
 Strips





 Swaps
 Shaped notional
 Bullets (including strips)






Spreads
Forwards     

OilCoalAgriculturalsBase Metals
Crude oilAPI 2CanolaAluminium
BenzeneAPI 4CocoaCopper
DieselNewcastleCoffeeIron ore
Fuel oilRichard's BayCornLead
Gas oilGasCottonNickel
GasolineEuropeEthanol / BiofuelsSteel
Heating oilNorth AmericaLivestockTin
Jet fuelU.K.MilkZinc
MethanolFreightOatsPrecious Metals
NapthaTime CharterOrange juiceGold
Ultra-lowDry freightPalm oilPlatinum
Sulphur dieselWet freightRubberPalladium
Natural Gas LiquidsPowerSoybeansRhodium
ButaneEuropeSugarSilver
EP MixScandinaviaSunflower seedsPaper
EthaneU.K.WheatContainerboard
IsobutaneU.S.WoolNewsprint
Natural gas  Pulp
Propane  Recovered paper

More
 
Sell side
MarkitWire provides seamless links between you and your buyer to execute trade-date legal confirmations.
 
Buy side 
MarkitWire (FREE to buy side) and Trade Manager are the preferred platforms for trade-date tie-outs, straight-through processing (STP) and electronic confirmation workflows.

Clients who already use MarkitWire to confirm trades in other OTC derivative asset classes will automatically have access to the new commodity products. An ISDA®, EFET, NAESB, EEI or other supported Master Agreement is required to use MarkitWire for commodities.
Quick Links
For more information about MarkitSERV, please contact us at any of our regional offices.
Copyright © MarkitSERV. ALL DATA PROVIDED AS IS, WITH NO WARRANTIES. All rights reserved.
Data may not be reproduced or redistributed in any form, except as expressly authorized by MarkitSERV.