Freight Route Middle East to China (TD3C) (Baltic)
Futures and Options
Freight Route Middle East to China (TD3C) (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 5:00 p.m. - Friday - 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. - 5:00 p.m. CT 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: TL CME ClearPort: TL Clearing: TL |
| 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 USD per metric ton rate for the TD3C freight route (Middle East Gulf to China for cargoes of 270,000 metric tons or as subsequently amended) provided by the Baltic Exchange for each day that it is provided during the Settlement Period. The USD per metric ton rate is calculated by the Baltic Exchange from the published value in Worldscale points multiplied by the applicable Worldscale flat rate for the specified route. |
| Termination of Trading | Jan - Nov: Trading terminates on the last business day of the contract month. Dec: Trading terminates on the 24th day of the contract month. If the 24th day is not a business day, trading terminates on the prior business day. |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
