ICE Handysize Timecharter (Baltic) Freight Future

From MarketsWiki
Jump to: navigation, search
FTSE Russell banner 2016.gif
FTSE Russell banner 2016.gif

A monthly cash settled freight future based on the Handysize Timecharter Index as made public by the Baltic Exchange.[1]

Contract Specs

Handysize Timecharter (Baltic) Freight Future
Trading Screen Product Name Handysize Timecharter Freight Futures
Trading Screen Hub Name Handysize
Contract Symbol TCH
Contract Size 1 day of time charter
Unit of Trading Any multiple of 1 day of time charter
Currency US Dollars and cents
Trading Price $1.00 per Charter Day
Settlement Price One cent ($0.01) per Charter Day
Minimum Price Fluctuation One cent ($0.01) per Charter Day
Last Trading Day Last Trading Day of the contract month

Note: the December 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 spot assessments as made public by the Baltic Exchange for the Handysize Timecharter Index 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 CITY TRADING PRE-OPEN
NEW YORK 7:50 PM - 6:00 PM*

19:50 - 18:00

7:40 PM

19:40

LONDON 12:50 AM - 11:00 PM*

00:50 - 23:00

12:40 AM

00:40

SINGAPORE 7:50 AM - 6:00 AM*

07:50 - 06:00

7:40 AM

07:40

*Next Day
Codes Clearing Admin Name Wet Freight
Physical WDE
Logical WDE
GMI (FC) OO
ION A.C.N. None

Notes

References

  1. Handysize Timecharter (Baltic) Freight Future. ICE.

Resources

Handysize Timecharter (Baltic) Freight Future Contract Specs