- Trading Screen Product Name
- Freight Daily Futures (USD)
- Trading Screen Hub Name
- TC14 Mini
- Contract Symbol
DFY
- 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.
Note: in December the last contract day will be the 24th of
December or the previous business day where the 24th of December is
a nonworking 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.
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 Baltic Exchange
- MIC Code
- IFEU
- Clearing Venues
- ICEU