Membership structure
Imarex main activity is to operate a regulated 'Principal to Principal' trading exchange. End user access is therefore governed by direct membership with Imarex.
NOS acts as a central clearing house for the Imarex marketplace and end users will thus need to set up a clearing account.
The direct membership structure involves that Principals enter into membership agreements both with Imarex and NOS through a co-ordinated set of contracts.
The benefits of a 'Principal to Principal' model for the global shipping markets are clear:
- No intermediary charges by financial institutions
- A flexible and focussed credit approval process optimising the margin regimes for a diverse mix of shipping companies, trading houses, industrial players and merchant banks
- A direct link with the Imarex electronic marketplace providing the # liquidity pool in the freight market
- No membership fees
Access through Financial intermediaries:
Imarex has forged a number of alliances with third party exchange access providers in order to widen the reach for potential investors and traders in the freight derivatives market.
Participants who rather wish to access the freight derivatives market through a financial institution can do so primarily through two channels:
- Financial derivative brokers; primarily aimed at financial investors and hedge-funds
- Shipping lending banks; primarily aimed at ship-owners wishing to execute strategic hedging programmes and ship financing packages
Please contact us for a discussion on the options best suited for execution of your future freight derivatives freight strategy.
- Ms Lene M. Refvik, Marketing Manager - tel: +47 2389 4245