- Trading Screen Product Name
- Freight Futures (USD)
- Trading Screen Hub Name
- TC11
- Contract Symbol
WAK
- Contract Size
1,000 metric tonnes
- Unit of Trading
Any multiple of 1,000 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 selement, 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