Baltic Dry Index (BDI) Future

ICE Futures Europe

A monthly cash settled Index Future based on the Baltic Dry Index (BDI) as made public by the Baltic Exchange.

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

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

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