Listing of TC12 Freight Contracts

Contract

Code

Rule Chapter

Freight Route TC12 (Baltic) Swap Futures

FRS

522

Freight Route TC12 (Baltic) Forward

FRB

530

Contract

Freight Route TC12 (Baltic) Swap Futures

Freight Route TC12 (Baltic) Forward

Code

FRS

FRB

Contract Unit

1,000 metric tons

1,000 metric tons

Price Quotation

US Dollars and cents per metric ton

Percentage of Worldscale Flat Rate

Minimum Price Tick

$0.0001

0.001%

Final Settlement Tick

$0.0001

0.0001%

First Listed Month

May 2011

May 2011

Listing Period

24 months

Monthly contracts for the current year and next full calendar year

Termination of Trading

Last UK business day of the month

Last UK business day of the month, except December months when last trading day is 24 December or preceding UK business day if 24 December is not a business day

Open Outcry Hours

Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)

n/a

CME ClearPort Hours

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)

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)

Exchange Fees

Member Day

Member

Cross Division

Non-Member

IIP

Pit

n/a

$4.00 (See Note)

$4.50 (See Note)

$5.00 (See Note)

Globex

n/a

n/a

n/a

n/a

n/a

ClearPort

$4.00

$5.00

Other Processing Fees

Member

Non-Member

Cash Settlement

$0.00

$0.00

Futures from E/A

n/a

n/a

House Acct

Customer Acct

Options E/A Notice

n/a

n/a

Delivery Notice

n/a

n/a

Additional Fees and Surcharges

EFS Surcharge

n/a

Block Surcharge

n/a

Facilitation Desk Fee

n/a

ClearPort Volume Discount Program

Product Name

Monthly Volume Threshold (sides)

Reduced ClearPort Exchange Fee

Member

Non-Member

Freight Route TC12 (Baltic) Swap Futures

150

2.40

3.00

Freight Route TC12 (Baltic) Forward

150

2.40

3.00