Freight Route West Africa to UK Continent (TD20) (Baltic)
Futures
Freight Route West Africa to UK Continent (TD20) (Baltic) Futures - Contract Specs
| Contract Unit | 1,000 Metric Tons |
|---|---|
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) |
| Minimum Price Fluctuation | 0.0001 per metric ton = $0.10 |
| Product Code | CME Globex: T2D CME ClearPort: T2D Clearing: T2D |
| Listed Contracts | Monthly contracts listed for the current year and the next 5 consecutive years.Monthly contracts for a new calendar year will be added 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 cost for the TD20 freight route (West Africa to UK Continent for cargoes of 130,000 metric tons or as subsequently amended) provided by the Baltic Exchange for each day that is provided during the Settlement Period. This rate shall be quoted inclusive of EU Emissions Trading System costs. 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 | For contract months January to November inclusive: Trading terminates on the last business day of the calendar month. For December contract months: Trading terminates on 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 |
