KGI Securities Singapore | SGX Options on Baltic Capesize Voyage C5 Route Futures Contract Specifications

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Product Type	SGX Options on Baltic Capesize Voyage C5 Route Futures
Product Category	Freight
Ticker Symbol	Calls - CC5F; Puts - PC5F
Contract Size	1,000 metric tonnes
Minimum Price Fluctuation	US$0.01 per metric tonne
Contract Months	Up to 2 calendar years starting with current year, with 12 consecutive months added upon expiry in December.
Quotation	US$ 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 Trading Day of the contract month of the underlying Futures contract.
Daily Price Limits	N.A.
Settlement Basis	In-the-money options will be automatically exercised on expiry into relevant underlying futures positions, which will then be cash-settled based on the final settlement price methodology of the relevant futures contract.
Exchange Delivery Settlement Price / Final Settlement Price	Upon exercise, a call option expires into the underlying Freight Futures contract that has a value equal to final settlement price minus the strike price, multiplied by the contract size. Upon exercise, a put option expires into the underlying Freight Futures contract that has a value equal to the strike price minus the final settlement price, multiplied by the contract size.
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
Option Exercise	European Style: An option will be exercised automatically at expiry only if it is in-the-money.

SGX Options on Baltic Capesize Voyage C5 Route

contract specifications

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