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Freight Route TD22 (Baltic) Futures Contract Specs

Contract Unit 1,000 metric tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation 0.0001 per metric ton = $0.10
Product Code CME Globex: ACB
CME ClearPort: ACB
Clearing: ACB
Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the rates for each business day that the TD22 Tanker Route (for 270,000 metric tons for US Gulf Coast to China) is published by the Baltic Exchange over the contract month, converted to a US dollar per metric ton valuation. To do this, the Exchange will use the prevailing $ lumpsum rate, as provided by the Baltic Exchange and divide this amount by the size of the ship, as stipulated by the Baltic Exchange).
Termination Of Trading For contract months January to November inclusive: the last business day of the calendar month. For December contract months: the 24th calendar day of the month, or if this is not a business day, the first preceding business day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 675
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing