Contract Specs
| Dirty FFA - USGC UK Continent (Platts) Future | |||
|---|---|---|---|
| Trading Screen Product Name | Freight Futures (USD) | ||
| Trading Screen Hub Name | USGC-UK Continent (Dirty) | ||
| Contract Symbol | WDE | ||
| 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 tenth of one cent ($0.001) per metric tonne | ||
| Settlement Price Quotation | One hundredth of one cent ($0.0001) per metric tonne | ||
| Minimum Price Fluctuation | One hundredth of one cent ($0.0001) per metric tonne | ||
| Last Trading Day | Last Trading Day of the contract month. | ||
| Floating Price | In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products. | ||
| Final Settlement | In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments appearing in the “Platts Dirty Tankerwire” under the heading “Americas Dirty Tankers”, subheading “Aframax” and “$/mt” for the USGC to UK Continent 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 Platts Dirty Tankerwire | ||
| 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 | ||