|Contract Unit||1,000 metric tons|
|Price Quotation||U.S. dollars and cents per metric ton|
|Trading Hours||Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)|
|Minimum Price Fluctuation||0.0001 per ton = $0.10|
|Product Code||CME Globex: THCME ClearPort: THClearing: TH|
|Listed Contracts||Monthly contracts listed for the current year and the next 5 consecutive 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 freight rate published each day during the Settlement Period by Platts in the Clean Tankerwire report for Arab Gulf to Japan for cargoes of 55,000 metric tons valued in Worldscale points, multiplied by the applicable Worldscale flat rate for the TC5 route (as defined by, and or subsequently amended by Baltic Exchange).
The Floating Price is determined by multiplying each daily freight rate by the applicable Worldscale flat rate (for that day), and subsequently calculating the average for the Settlement Period.
|Termination Of Trading||Trading termiantes on the last business day of the contract month.|
|Settlement Procedures||Daily Platts Freight Swap Futures Settlement Procedure (PDF)|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 682|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|