CME Group » Energy » Freight » Capesize Time Charter Average (Balt
Energy Products
Description Added
Capesize Time Charter Average (Baltic) Swap Futures
Settlements | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 
 
Capesize Time Charter Average (Baltic) Swap Futures
Product Symbol CFU
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 1 Day of vessel time charter
Price Quotation US Dollars per day
Minimum Fluctuation US$1 per day
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the Capesize Time Charter Average published daily by the Baltic Exchange starting from the first business day of the month through to the Last Trading Day, inclusive.
Termination of Trading Last UK business day in month, except December months where LTD is 24 December or preceding UK business day if 24th is not a business day
Listed Contracts Each calendar month for the current calendar year plus next four calendar years
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 944
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.