ICE Daily TC5 FFA Arabian Gulf to Japan (Platts) Mini Future

A daily cash settled mini freight future based on the Platts daily assessment price for TC5 – Arabian Gulf to Japan.
== Contract Specs ==
Daily TC5 FFA Arabian Gulf to Japan (Platts) Mini Future	Daily TC5 FFA Arabian Gulf to Japan (Platts) Mini Future 	Daily TC5 FFA Arabian Gulf to Japan (Platts) Mini Future 	Daily TC5 FFA Arabian Gulf to Japan (Platts) Mini Future
Trading Screen Product Name 	Freight Daily Futures (USD) 	Freight Daily Futures (USD) 	Freight Daily Futures (USD)
Trading Screen Hub Name 	TC5 Mini 	TC5 Mini 	TC5 Mini
Contract Symbol 	DFT 	DFT 	DFT
Contract Size 	100 metric tonnes 	100 metric tonnes 	100 metric tonnes
Unit of Trading 	Any multiple of 100 metric tonnes 	Any multiple of 100 metric tonnes 	Any multiple of 100 metric tonnes
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Trading Price Quotation 	One tenth of one cent ($0.001) per metric tonne 	One tenth of one cent ($0.001) per metric tonne 	One tenth of one cent ($0.001) per metric tonne
Settlement Price Quotation 	One hundredth of one cent ($0.0001) per metric tonne 	One hundredth of one cent ($0.0001) per metric tonne 	One hundredth of one cent ($0.0001) per metric tonne
Minimum Price Fluctuation 	One hundredth of one cent ($0.0001) per metric tonne 	One hundredth of one cent ($0.0001) per metric tonne 	One hundredth of one cent ($0.0001) per metric tonne
Last Trading Day 	Second Business Day after the nominal contract date. 	Second Business Day after the nominal contract date. 	Second Business Day after the nominal contract date.
Floating Price 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement 	In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments appearing in the “Platts Clean Tankerwire” under the heading “East of Suez LRs” for the Arab Gulf to Japan 55kt route for each business day (as specified below) in the determination period.
If there are no business days in the determination period, the Floating Price shall be the average of the assessments for the last business day prior to the determination period.	In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments appearing in the “Platts Clean Tankerwire” under the heading “East of Suez LRs” for the Arab Gulf to Japan 55kt route for each business day (as specified below) in the determination period.
If there are no business days in the determination period, the Floating Price shall be the average of the assessments for the last business day prior to the determination period.	In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the assessments appearing in the “Platts Clean Tankerwire” under the heading “East of Suez LRs” for the Arab Gulf to Japan 55kt route for each business day (as specified below) in the determination period.
If there are no business days in the determination period, the Floating Price shall be the average of the assessments for the last business day prior to the determination period.
Contract Series 	Up to 130 consecutive business days 	Up to 130 consecutive business days 	Up to 130 consecutive business days
Final Payment Date 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day
Business Days 	Publication days for Platts Clean Tankerwire 	Publication days for Platts Clean Tankerwire 	Publication days for Platts Clean Tankerwire
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:50 PM - 6:00 PM
19:50 - 18:00 	7:40 PM
19:40
Trading Hours 	LONDON 	12:50 AM - 11:00 PM
00:50 - 23:00 	12:40 AM
00:40
Trading Hours 	SINGAPORE 	7:50 AM - 6:00 AM
07:50 - 06:00 	7:40 AM
07:40
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	Wet Freight 	Wet Freight
Codes 	Physical 	DFT 	DFT
Codes 	Logical 	DFT 	DFT
Codes 	GMI (FC) 	KO 	KO
Codes 	ION A.C.N. 	None 	None
== Notes ==
== References ==
== Resources ==
Daily TC5 FFA Arabian Gulf to Japan (Platts) Mini Future Contract Specs
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