TC2 FFA Northwest Europe to USAC (Baltic) Balmo Future

ICE Futures Europe

A balance of the month cash settled freight future based on the Baltic Exchange index for TC2 - Northwest Europe to US Atlantic Coast.

Trading Screen Product Name: Freight Futures (USD) (balmo)
Trading Screen Hub Name: TC2
Contract Symbol: WNT
Contract Size: 1,000 metric tonnes
Unit of Trading: Any multiple of 1,000 metric tonnes
Currency: US Dollars and cents
Trading Price Quotation: One hundredth of one cent ($0.0001) per metric tonne
Settlement Price Quotation: One hundredth of one cent ($0.0001) per metric tonne
Minimum Price Fluctuation: One hundredth of one cent ($0.0001) per metric tonne
Last Trading Day: Last Trading Day of the contract month

Note: the December will expire on the 24th of December or the previous business day where the 24th of December is a non-working day.
Floating Price: In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement: In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments as made public by the Baltic Exchange for the relevant route for each business day (as specified below) in the determination period.
Contract Series: Up to 2 consecutive months or as otherwise determined by the Exchange.
Final Payment Date: Two Clearing House Business Days following the Last Trading Day
Business Days: Publication days for Baltic Exchange
MIC Code: IFEU
Clearing Venues: ICEU

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

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