KGI Securities Singapore | SGX Baltic Capesize Route C7 Futures Contract Specifications

KGI SECURITIES (SINGAPORE) PTE. LTD.

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SGX CENTRE 2
SINGAPORE 068807
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Product Type	SGX Baltic Capesize Route C7 Futures
Product Category	Freight
Ticker Symbol	C7F
Contract Size	1000 metric tonnes
Minimum Price Fluctuation	US$0.01 per metric tonne (tick value: US$10.00)
Contract Months	Up to 4 calendar years starting with current year, with 12 consecutive months added upon expiry in December.
Quotation	US$ per tonne
Tick Value	USD 10
Trading Hours (Singapore Time)	Every UK business day NLT T session: 7.10 am – 8.00 pm T+1 session: 8.00.01 pm – 5.15 am Note: After the close of the T-session, there will be a 30min grace window for participants to continue registering T-session trades. Screen T session: 7.25 am – 8.00 pm Pre-Opening: 7.10 am - 7.23 am Non-Cancel: 7.23 am - 7.25 am Pre-Close: 7.55 pm - 7.59 pm Non-Cancel: 7.59 pm - 8.00 pm T+1 session: 8.15 pm – 5.15 am Pre-Opening: 8.05 pm - 8.13 pm Non-Cancel: 8.13 pm - 8.15 pm
Trading Hours on Last Day	NLT 7.10 am – 8.00 pm Note: After the close of the T-session, there will be a 30min grace window for participants to continue registering T-session trades. Screen: 7.25 am – 8.00 pm
Last Trading Day	Last publication day of underlying Baltic C7 reference prices in the relevant contract month.
Daily Price Limits	N.A.
Settlement Basis	Cash settlement
Exchange Delivery Settlement Price / Final Settlement Price	Cash settled using arithmetic average of all Baltic’s daily spot assessments in the expiring Contract Month for the relevant underlying product, as provided by Baltic.
Position Accountability / Position Limit	Unless otherwise prescribed by the Exchange, there shall be no Position Limits. However, subject to Rule 4.1.18 of the Trading Rules, a person owning or controlling any combination of Futures Contracts, Option-on-Futures Contracts, Swap Contracts, Option-on-Swap Contracts and Relevant Contracts that exceed such position as the Exchange may prescribe from time to time with prior notification, net on the same side of the market, and in all Contract Months combined, shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information if applicable. Position Accountability Threshold (Lots): 1,000
Negotiated Large Trade	2 lots

SGX Baltic Capesize Route C7 Futures

contract specifications

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