Freight Route Continent to US Atlantic Coast (TC2) (Baltic)
Futures and Options
Freight Route Continent to US Atlantic Coast (TC2) (Baltic) Futures - Contract Specs
| Contract Unit | 1,000 metric tons |
|---|---|
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) |
| Minimum Price Fluctuation | 0.0001 per ton = $0.10 |
| Product Code | CME Globex: TM CME ClearPort: TM Clearing: TM |
| Listed Contracts | Monthly contracts listed for the current year and the next 5 consecutive 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 TC2 freight route (Continent to US Atlantic Coast for cargoes of 37,000 metric tons or as subsequently amended) provided by The Baltic Exchange for each day that it 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 | Jan - Nov: Trading terminates on the last business day of the contract month. Dec: Trading terminates on the 24th calendar day of the contract month, if this is not a business day, trading termiantes on the prior business day. |
| Settlement Procedures | |
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| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
