ICE TD8 FFA Kuwait to Singapore (Baltic) Balmo Future

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

Contract Specs[edit]

TD8 FFA Kuwait to Singapore (Baltic) Balmo Future
Trading Screen Product Name Freight Futures (USD) (balmo)
Trading Screen Hub Name TD8
Contract Symbol TDR
Contract Size 1,000 metric tonnes
Unit of Trading Any multiple of 1,000 metric tonnes
Currency US Dollars and cents
Minimum Price Fluctuation One hundredth of one cent ($0.0001) per metric tonne
Last Trading Day Last Trading Day of the contract month.

Note: the December contract will expire on 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.
Contract Series Up to 2 consecutive months
Final Payment Date Two Clearing House Business Days following the Last Trading Day
Business Days Publication days for Baltic Exchange
Trading Price One tenth of one cent ($0.001) per metric tonne
Settlement Price One hundredth of one cent ($0.0001) per metric tonne
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 TDR
Logical TDR
GMI (FC) J?
ION A.C.N. None

Notes[edit]

Related Contracts[edit]

ICE TD8 FFA Kuwait to Singapore (Baltic) Future

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

References[edit]

Resources[edit]