EEX Group Dry Freight Contract Specifications
Freight – Futures |
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CONTRACT
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Financial Futures on Dry Bulk Time Charter Freight |
Financial Futures on Dry Bulk Trip Time Charter Freight |
Financial Futures on Dry Bulk Voyage Routes Freight |
EXCHANGE
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CPTM - EEX Baltic Capesize 5TC Freight Futures
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PE8M - EEX Baltic Panamax P1E_82 Freight Futures
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C3EM - EEX Baltic Capesize C3 Freight Futures (Tubarao – Qingdao)
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CONTRACTS SIZE |
One day |
One day |
1,000 metric tonnes |
PRICING |
US$ per day |
US$ per day |
US$ and cents per tonne |
MINIMUM TICK |
US$1 |
US$1 |
US$0.01 |
CONTRACT SERIES
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Up to 84 consecutive months. Quarterly, calendar, and any period of consecutive monthly contracts can be registered as a strip. |
Up to 36 consecutive months. Quarterly, calendar, and any period of consecutive monthly contracts can be registered as a strip. |
Up to 36 consecutive months. Quarterly, calendar, and any period of consecutive monthly contracts can be registered as a strip. |
LAST TRADE
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Last Trade Registration Day is the last Exchange Day of the respective expiry month except for December contracts.
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Last Trade Registration Day is the last Exchange Day of the respective expiry month except for December contracts.
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Last Trade Registration Day is the last Exchange Day of the respective expiry month except for December contracts.
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FINAL SETTLEMENT
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Final settlement price will be the arithmetic average of the daily Baltic Exchange spot price assessments for every trading day in the expiry month. |
Final settlement price will be the arithmetic average of the daily Baltic Exchange spot price assessments for every trading day in the expiry month. |
Final settlement price will be the arithmetic average of the daily Baltic Exchange spot price assessments for every trading day in the expiry month. |
*to be delisted in Jan 26
**to be delisted in Jan 27
Freight – Options |
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CONTRACT
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Options on Financial Futures for Dry Bulk Time Charter Freight |
Options on Financial Futures for Dry Bulk Voyage Routes Freight |
EXCHANGE
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OCPM - Options on EEX Baltic Capesize 5TC Freight Futures
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OC05 - Options on EEX Baltic Capesize C5 Freight Futures |
UNDERLYING |
The respective underlying future with the same maturity |
The respective underlying future with the same maturity |
OPTION STYLE |
European option with “equity” style (premium up front) margining |
European option with “equity” style (premium up front) margining |
STRIKE PRICE INCREMENTS |
US$1 |
US$0.01 |
PRICING |
US$ and cents |
US$ and cents |
MINIMUM TICK |
US$0.01 per future |
US$0.01 per future |
CONTRACT SERIES
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Up to 72 consecutive months. Quarterly, calendar, and any period of consecutive monthly contracts can be registered as a strip. |
Up to 36 consecutive months. Quarterly, calendar, and any period of consecutive monthly contracts can be registered as a strip. |
LAST TRADE
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Last Trade Registration Day is the last Exchange Day of the respective expiry month except for December contracts.
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Last Trade Registration Day is the last Exchange Day of the respective expiry month except for December contracts.
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EXPIRY DAY |
Options which have not been exercised expire at 06:45 p.m. CE(S)T on the Last Trade Registration Day. Options that are “in-the-money” will be automatically exercised. |
Options which have not been exercised expire at 06:45 p.m. CE(S)T on the Last Trade Registration Day. Options that are “in-the-money” will be automatically exercised. |
*last tradeable maturity is December 2025
**last tradeable maturity is December 2026
To find out more about EEX Group Dry Freight Futures and Options, contact us via:
ENQUIRY FORM
