ICE Futures Europe

Daily TD20 FFA West Africa to UK Continent (Baltic) Mini Future

Daily TD20 FFA West Africa to UK Continent (Baltic) Mini Future67119993

Description

A daily cash settled mini freight future based on the Baltic Exchange index for TD20 – West Africa to UK-Continent.

Market Specifications

Trading Screen Product Name
Freight Daily Futures (USD)
Trading Screen Hub Name
TD20 Mini
Commodity Code
DFQ
Contract Size
100 metric tonnes
Unit of Trading
Any multiple of 100 metric tonnes
Currency
US Dollars and cents
Trading Price Quotation
One tenth of one cent ($0.001) per metric tonne
Settlement Price Quotation
One hundredth of one cent ($0.0001) per metric tonne
Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per metric tonne
Last Trading Day
Second Business Day after the nominal contract date.

Note: in December the last contract day will be the 24th of December or the previous business day where the 24th of December is a nonworking 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.

If there are no business days in the determination period, the Floating Price shall be the average of the assessments for the last business day prior to the determination period.
Contract Series
Up to 130 consecutive business days
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

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

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Wet Freight
Physical
DFQ
Logical
DFQ
GMI(FC)
R&N A.C.N.