ICE Futures Europe

Daily - TD9 FFA Caribbean to US Gulf (Baltic) Mini Future

Daily - TD9 FFA Caribbean to US Gulf (Baltic) Mini Future69732330

Description

A daily cash settled mini freight future based on the Baltic Exchange index for TD9 - Caribbean to US Gulf

Market Specifications

Trading Screen Product Name
Freight Daily Futures (USD)
Trading Screen Hub Name
TD9 Mini
Commodity Code
WDB
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: the December future 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.

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
WDB
Logical
WDB
GMI(FC)
R&N A.C.N.