- Trading Screen Product Name
- Freight Index Futures
- Trading Screen Hub Name
- Baltic Dry Index (BDI)
- Contract Symbol
BDI
- Contract Size
$10.00 multiplied by the BDI
- Unit of Trading
Index points
- Currency
US Dollars and cents
- Trading Price
Index points
- Settlement Price
Index points, to 2 decimal places
- Minimum Price Fluctuation
One Index point
- Last Trading Day
Last Trading Day of the contract month
Note: the December contract 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 day based upon the average of the Index Points
assessments as made public by the Baltic Exchange for the Baltic
Dry Index (BDI) for each business day (as specified below) in the
determination period.
- Contract Series
Up to 60 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Day in the
determination period.
- Business Days
Publication days for Baltic Exchange
- MIC Code
- IFEU
- Clearing Venues
- ICEU