TC2 37 FFA Triangulation with TC14 FFA CPP/UNL Continent to USAC (Baltic) Future

ICE Futures Europe

A monthly cash settled freight future based on the Baltic Exchange index for TC2 37 FFA Triangulation with TC14 - CPP/UNL Continent to USAC

Trading Screen Product Name: Freight Futures (USD)
Trading Screen Hub Name: TC2_37-TC14
Contract Symbol: TCD
Contract Size: 1 day of time charter
Unit of Trading: Any multiple of 1 day of time charter
Currency: US Dollars and cents
Trading Price: One dollar ($1.00) per day of time charter
Settlement Price: One cent ($0.01) per day of time charter
Minimum Price Fluctuation: One cent ($0.01) per day of time charter
Last Trading Day: Last Trading Day of the contract month

Note: the December will expire on the 24th of December or the previous business day where the 24th of December is a non-working 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 48 consecutive months
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

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

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