KGI Securities Singapore | SGX Baltic Panamax 82 Route P2E Swaps Contract Specifications

KGI SECURITIES (SINGAPORE) PTE. LTD.

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Product Type	SGX Baltic Panamax 82 Route P2E Swaps
Product Category	Freight
Ticker Symbol	2EW
Contract Size	1 Day
Minimum Price Fluctuation	US$1.00 per day
Contract Months	Up to 4 calendar years starting with current year, with 12 consecutive months added upon expiry in December.
Quotation	US$ per day
Tick Value	USD 1
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.
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.
Last Trading Day	Last publication day of underlying index
Daily Price Limits	N.A.
Settlement Basis	Cash settlement
Exchange Delivery Settlement Price / Final Settlement Price	Cash Settlement 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	N.A.

SGX Baltic Panamax 82 Route P2E Swaps

contract specifications

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