Explore the Archive
- Risk Notices Ltd
- Risk Notices SA
- Default Fund Notices SA
- Circulars
- Flash infos Bonds & Repos
- Flash infos Derivatives
- Flash infos Equities
- Flash infos Other
- Fixed Income Notices Ltd
- Legal Notices SA
- Membership Notices SA
- General Information
- General Member Meetings
- Press Releases
- SA Completion of Application Documentation
- SA Clearing Specifications
- SwapClear Legal Documentation
| Originating department: | Commercial Services |
| Company Circular No: | LCH.Clearnet Ltd Circular No 2951 |
| Service Circular No: | LCH EnClear No 345 |
| Date: | 24 August 2011 |
| To: | All LCH.Clearnet EnClear Members |
Extension of the listed series for the C3E contract in LCH.Clearnet’s FFA Clearing Service
LCH.Clearnet is pleased to announce that in response to market demand, we are extending the series of our C3E (Tubarao – Qingdao) contract.
Members are advised that as of today, Wednesday 24 August 2011, the contract series for the C3E contract will be extended to include Calendars 2013 and 2014.
Full contract specifications are available on our website www.lchclearnet.com under the FFA section.
If you have any questions, please do not hesitate to contact Holly Shaw on +44 20 7426 7027 or [email protected].
Isabella Kurek-Smith
Director, Head of Energy and Freight Markets
Commercial Services
| Description | Cash settled freight forward contract on the following Dry Voyage Route: C3E (Tubarao – Qingdao)
|
| Lot size | 1,000 mt |
| Currency | US Dollars |
| Pricing | US $/mt, $0.01 |
| Minimum tick | US $ 0.0001 to account for final settlement |
| Fixed price | The traded price or the previous day’s settlement price as supplied end of day by the Baltic Exchange |
| Floating price | In respect of daily settlement, the floating price will be the end of day price as supplied by the Baltic Exchange. In respect of final settlement, the floating price will be the mean of the daily Baltic Exchange spot price assessments for every trading day in the expiry month. |
| Last trading day | At 18:00 hours UK time on last business day of each month within the contract series. Exception – December contracts will expire on the 24th December, or previous business day, where the 24th December is a non working day. |
| Contract series | Front 3 months, 4 whole quarters, 3 whole calendar years |
| Final payment | The first business day following the expiry day |
| Business days | UK business days |