Freight Route Middle East to UK Continent (TC20) (Baltic)
Futures
Freight Route Middle East to UK Continent (TC20) (Baltic) Futures - Contract Specs
| Contract Unit | 1,000 metric tons |
|---|---|
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. with a 60-minute break each day beginning at 4:00 p.m CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. – 5:00 p.m. CT |
| Minimum Price Fluctuation | 0.0001 per metric ton = $0.10 |
| Product Code | CME Globex: TF2 CME ClearPort: TF2 Clearing: TF2 |
| Listed Contracts | Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the rates for each business day that the TC20 Tanker Route (for 90,000 metric tons for Middle East to UK Continent) is published by The Baltic Exchange during the contract settlement period, converted to a US dollar per metric ton valuation by dividing the published $ lumpsum rate by the size of the ship (i.e. 90,000 metric tons, or such amended size as stipulated by The Baltic Exchange). This rate shall be quoted inclusive of EU Emissions Trading System costs. |
| Termination of Trading | For contract months January to November inclusive: the last business day of the calendar month. For December contract months: the 24th calendar day of the month, or if this is not a business day, the first preceding business day. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
