EEX Group Dry Freight Contract Specifications
Freight – Futures |
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PRODUCT
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Time Charter: CPT, PTC, STC, SPT, P5TC, H7TC, S11TC
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Voyage: C3E, C5E, C7E |
CONTRACT SIZE |
1 day |
1,000 metric tons |
MINIMUM TICK |
US$1 |
US$ 0.01 |
FINAL SETTLEMENT PRICE |
The floating price will be the end-of-day price as supplied by the Baltic Exchange.All products: Final settlement price will be the mean of the daily Baltic Exchange spot price assessments for every trading day in the expiry month. |
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CONTRACT SERIES |
CPT, PTC, STC, SPT, P5TC, S11TC :Months, quarters and calendar years out to a maximum of 84 monthsC3E, C5E, C7E, P1E_82, P2E_82, P3E_82 :Months, quarters and calendar years out to a maximum of 36 months |
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SETTLEMENT |
At 13:00 hours (UK time) on the last business day of each month within the contract |
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Freight – Options |
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PRODUCT
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Time Charter: OCPM, OPTM, OPSM, OP5M |
Voyage OC05 |
CONTRACT SIZE |
1 day |
1,000 metric tons |
MINIMUM TICK |
US$ 0.01 |
US$ 0.01 |
AUTOMATIC EXERCISE |
Options which are in the money in relation to the Final Settlement Price are exercised automatically. |
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FULFILMENT |
Options are fulfilled by booking in the corresponding futures position at the respective exercise price after the option is exercised. |
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CONTRACT SERIES |
CPT, PTC, STC, SPT:Months, quarters and calendar years out to a maximum of 72 months |
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To find out more about EEX Group Dry Freight Futures and Options, contact us via:
ENQUIRY FORM
