TC2 37 FFA Triangulation with TC14 FFA - CPP/UNL Continent to USAC (Baltic) Future32375868

Description

A monthly cash settled freight future based on the Baltic Exchange index for TC2 37 FFA Triangulation with TC14 - CPP/UNL Continent to USAC

Market Specifications

Trading Screen Product Name
Freight Futures (USD)
Trading Screen Hub Name
TC2_37-TC14
Commodity Code
TCD
Contract Size
1 day of time charter
Unit of Trading
Any multiple of 1 day of time charter
Currency
US Dollars and cents
Trading Price
One dollar ($1.00) per day of time charter
Settlement Price
One cent ($0.01) per day of time charter
Minimum Price Fluctuation
One cent ($0.01) per day of time charter
Last Trading Day
Last Trading Day of the contract month

Note: the December will expire on the 24th of December or the previous business day where the 24th of December is a non-working day.
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments as made public by the Baltic Exchange for the relevant route for each business day (as specified below) in the determination period.
Contract Series
Up to 48 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Baltic Exchange
MIC Code
IFEU
Clearing Venues
ICEU
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Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM
08:50 - 07:00
8:40 AM
08:40
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Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
TC2_37-TC14 Tri
Physical
TCD
Logical
TCD
GMI(FC)
R&N A.C.N.