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TC6 FFA Skikda to Lavera (Cross Med) (Baltic) Futures6729750
ICE Futures Europe

TC6 FFA Skikda to Lavera (Cross Med) (Baltic) Futures

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Description

A monthly cash settled freight future based on the Baltic Exchange index for TC6 – Cross Mediterranean.

Market Specifications

Trading Screen Product Name
Freight Futures (USD)
Trading Screen Hub Name
TC6
Contract Symbol
WSL
Contract Size
1,000 metric tonnes
Unit of Trading
Any multiple of 1,000 metric tonnes
Currency
US Dollars and cents
Trading Price
One tenth of one cent ($0.01) per metric tonne
Settlement Price
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
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 48 consecutive months
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

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM
07:50 - 06:00
7:40 AM
07:40

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

Codes

Clearing Admin Name
Wet Freight
Physical
WSL
Logical
WSL
GMI (FC)
I-
Symbol Code
WSL