| Panamax Timecharter Average (Baltic) BALMO Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | N0 | ||||
| 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 balance-of-month arithmetic average of the Panamax Time Charter Average published daily by the Baltic Exchange starting from the selected start date 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 | One month and the following month for 10 business days prior to the start of the contract month. | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 940 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||