ICE Dirty FFA - USGC to UK Continent (Platts) Mini Future

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A daily cash settled mini freight future based on the Platts daily assessment price for USGC to UK Continent.[1]

Contract Specs

Dirty FFA - USGC to UK Continent (Platts) Mini Future
Trading Screen Product Name Freight Daily Futures (USD)
Trading Screen Hub Name USGC-UK Continent (Dirty) Mini
Contract Symbol DFC
Contract Size 100 metric tonnes
Unit of Trading Any multiple of 100 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 ($0.0001) per metric tonne
Last Trading Day Second Business Day after the nominal contract date.
Floating Price In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments appearing in the “Platts Dirty Tankerwire” under the heading “Americas Dirty Tankers”, subheading “Aframax” and “$/mt” for the USGC to UK Continent route for each business day (as specified below) in the determination period.
Contract Series Up to 130 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 - 5:00 PM*

19:50 - 17:00

7:40 PM

19:40

LONDON 12:50 AM - 10:00 PM*

00:50 - 22:00

12:40 AM

00:40

SINGAPORE 7:50 AM - 5:00 AM*

07:50 - 05:00

7:40 AM

07:40

*Next Day
Codes Clearing Admin Name Wet Freight
Physical DFC
Logical DFC
GMI (FC) P7
ION A.C.N. None

Notes

References

  1. Dirty FFA - USGC to UK Continent (Platts) Mini Future. ICE.

Resources

Dirty FFA - USGC to UK Continent (Platts) Mini Future Contract Specs

Last modified on 7 April 2021, at 17:42