- Trading Screen Product Name
- Freight Futures (USD)
- Trading Screen Hub Name
- Arab Gulf-Japan (Clean)
- Contract Symbol
TCY
- 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 ($0.0001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the
“$/mt” assessments appearing in the “Platts Clean
Tankerwire” under the heading “EAST OF SUEZ LRS”
for the Arab Gulf to Japan 55kt route for each business day (as
specified below) in the determination period.
- Contract Series
Up to 48 consecutive months
or as otherwise determined by the Exchange.
- Final Payment Date
Two Clearing House Business Days following the Last Day in the
determination period.
- Business Days
Publication days for Platts Clean Tankerwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU