Panamax Timecharter (Baltic) Freight Future6729755

Description

A monthly cash settled freight future based on the Panamax Timecharter Index as made public by the Baltic Exchange.

Market Specifications

Trading Screen Product Name
Panamax Timecharter Freight Futures
Trading Screen Hub Name
Panamax
Commodity Code
TCP
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
$1.00 per Charter Day
Settlement Price
One cent ($0.01) per Charter Day
Minimum Price Fluctuation
One cent ($0.01) per Charter Day
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 day based upon the average of the spot assessments as made public by the Baltic Exchange for the Panamax Timecharter Index 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
Dry Freight Day
Physical
TCP
Logical
TCP
GMI(FC)
R&N A.C.N.