Freight Route North Sea to Continent (TD7) (Baltic)
Futures
Freight Route North Sea to Continent (TD7) (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. Chicago Time/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 |
| Product Code | CME Globex: TK CME ClearPort: TK Clearing: TK |
| Listed Contracts | Contracts listed for 36 consecutive months |
| 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 TD7 freight route (North Sea to Continent for cargoes of 80,000 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. |
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