ICE Daily TD8 FFA Kuwait to Singapore (Baltic) Mini Future

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A daily cash settled mini freight future based on the Baltic Exchange index for TD8 – Kuwait to Singapore.[1]

Contract Specs[edit]

Daily TD8 FFA Kuwait to Singapore (Baltic) Mini Future
Trading Screen Product Name Freight Daily Futures (USD)
Trading Screen Hub Name TD8 Mini
Contract Symbol DFP
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.

Note: in December the last contract day will be the 24th of December or the previous business day where the 24th of December is a nonworking 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 metric tonne based on the average of the assessments as made public by the Baltic Exchange for the relevant route for each business day (as specified below) in the determination period.

If there are no business days in the determination period, the Floating Price shall be the average of the assessments for the last business day prior to the determination period.

Contract Series Up to 130 consecutive business days
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 DFP
Logical DFP
GMI (FC) KI
ION A.C.N. None

Notes[edit]

ICE TD8 FFA Kuwait to Singapore (Baltic) Future

ICE TD8 FFA Kuwait to Singapore (Baltic) Balmo Future

References[edit]

Resources[edit]

Daily TD8 FFA Kuwait to Singapore (Baltic) Mini Future Contract Specs