Daily TC5 FFA Arabian Gulf to Japan (Platts) Mini Future67119995
ICE Futures Europe
Daily TC5 FFA Arabian Gulf to Japan (Platts) Mini Future
Description
A daily cash settled freight future based on the Platts daily
assessment price for the 55kt Arabian Gulf to Japan route
multiplied by the Worldscale flat rate for TC5.
Market Specifications
- Trading Screen Product Name
- Freight Daily Futures (USD)
- Trading Screen Hub Name
- TC5 Mini
- Contract Symbol
- DFT
- Contract Size
- 100 metric tonnes
- Unit of Trading
- Any multiple of 100 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
- Second Business Day after the nominal contract date.
- 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 “Worldscale” assessments appearing in the “Platts Clean Tankerwire” under the heading “East of Suez LRs” for the Arab Gulf to Japan 55kt route multiplied by the applicable Worldscale flat rate for the TC5 route for each business day (as specified below) in the determination period.
If there are no business days in the determination period, the Floating Price shall be the average of the assessments for the last business day prior to the determination period. - Contract Series
- Up to 130 consecutive business days 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 Platts Clean Tankerwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Wet Freight
- Physical
- DFT
- Logical
- DFT
- GMI (FC)
- KO
- ION A.C.N.
- Symbol Code
- DFT