Freight Route TD3C (Baltic) Average Price Option Contract Specs

CONTRACT UNIT	1,000 metric tons
MINIMUM PRICE FLUCTUATION	0.0001 per metric ton
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. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
PRODUCT CODE	CME Globex: TDT CME ClearPort: TDT Clearing: TDT
LISTED CONTRACTS	Monthly contracts listed for the current year and the next calendar year.  Monthly contracts for a new calendar year will be listed following the termination of trading in the December contract of the current year.
TERMINATION OF TRADING	For contract months January to November inclusive: Trading terminates on the last business day of the calendar month. For December contract months: Trading terminates on 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 949
BLOCK MINIMUM	Block Minimum Thresholds
VENDOR CODES	Quote Vendor Symbols Listing
STRIKE PRICE LISTING PROCEDURES	Strike Price Listing and Exercise Procedures Table
EXERCISE STYLE	European
EXERCISE PROCEDURE	On expiration day, a call option will be financially settled to the value obtained by subtracting the strike price from the underlying reference price and multiplying by 1,000 metric tons, or zero, whichever is greater. A put option will be financially settled to the value obtained by subtracting the underlying reference price from the the strike price and multiplying by 1,000 metric tons, or zero, whichever is greater.
SETTLEMENT METHOD	Financially Settled
UNDERLYING	Freight Route TD3C (Baltic) Futures