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Freight Route TD10 (Baltic) Forward 
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Freight Route TD10D (Baltic) Forward
Product Symbol FDD
Venue CME ClearPort
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)
Contract Unit 1,000 Metric Tons
Price Quotation % of Worldscale Flat Rate
Minimum Fluctuation 0.001%
Floating Price The Floating Price for each contract month is denominated in percentage points of the prevailing Worldscale rate as published by Worldscale Association during the Settlement Period, and is equal to the arithmetic average of the rates for the TD10D route published by Baltic Exchange for each business day that it is published during the contract Settlement Period. The Floating Value for each contract month is denominated in US Dollars and cents per metric ton, and is equal to the Floating Price multiplied by the Worldscale rate as published by Worldscale Association in respect of the TD10D route applicable to prompt transactions in the freight market during the Settlement Period.
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 two calendar years
Settlement Procedure Daily Baltic Freight Forwards Settlement Procedure (PDF)
Settlement Type Financial
Margin Positions are held at the original trade price and revalued daily for margining purposes. Positive cumulative revaluations are held on account at CME Clearing, where they can be used to offset margin requirements applied to that account. Negative cumulative revaluations must be funded in full using any collateral type accepted by CME Clearing.
Position Limits NYMEX Position Limits
Rulebook Chapter 959
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.