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

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

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

Resources

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