Products

Please note, Coal Options and Container contracts have been delisted

TEU CFSAs
Description SCFI cash settled container freight agreements based on the following route: CNW (Shanghai - North West Europe)
Lot size 1 TEU 20ft container
Currency US Dollars
Pricing US $ per TEU
Minimum tick US $ 0.01 to account for final settlement
Fixed price The traded price or the previous day's settlement price as supplied end of day by Cleartrade Exchange, or any other such source as LCH.Clearnet may determine
Floating price In respect of daily settlement, the floating price will be the end of day price as supplied by Cleartrade Exchange, or any other such source as LCH.Clearnet may determine. In respect of final settlement, the floating price will be the mean of all the SCFI weekly spot assessments for the contract route as published by the Shanghai Shipping Exchange each Friday during the contract month.
Contract series Front 3 months, front quarter + following 3 quarters, 1 whole calendar year (out to a maximum of 23 months)
Last Trading Day Last publication day of the relevant index in the contract month ie the last Chinese business Friday of every month. Where the last Friday of the month is a UK business day but a Chinese holiday, the last trading day will be the previous publication day. Where the last Friday of the month is a Chinese business day but a UK holiday, the last trading day will be the previous UK business day. Quarter and Calendar contracts are last tradeable on the last trading day of the first month in that quarter or calendar.
Delivery Cash settled monthly against the arithmetic average of all the SCFI indices in the contract month
Final payment The first UK business day following the last trading day
Business days Chinese business days for the purpose of Index publication.
UK business days for the purpose of trade registration, confirmation and final payment.

FEU CFA
Description SCFI cash settled container freight agreements based on the following routes: CSW (Shanghai - US West Coast)
Lot size 1 FEU 40ft container
Currency US Dollars
Pricing US $ per FEU
Minimum tick US $ 0.01 to account for final settlement
Fixed price The traded price or the previous day's settlement price as supplied end of day by Cleartrade Exchange, or any other such source as LCH.Clearnet may determine
Floating price In respect of daily settlement, the floating price will be the end of day price as supplied by Cleartrade Exchange, or any other such source as LCH.Clearnet may determine. In respect of final settlement, the floating price will be the mean of all the SCFI weekly spot assessments for the contract route as published by the Shanghai Shipping Exchange each Friday during the contract month.
Contract series Front 3 months, front quarter + following 3 quarters, 1 whole calendar year (out to a maximum of 23 months)
Last Trading Day Last publication day of the relevant index in the contract month ie the last Chinese business Friday of every month. Where the last Friday of the month is a UK business day but a Chinese holiday, the last trading day will be the previous publication day. Where the last Friday of the month is a Chinese business day but a UK holiday, the last trading day will be the previous UK business day. Quarter and Calendar contracts are last tradeable on the last trading day of the first month in that quarter or calendar.
Delivery Cash settled monthly against the arithmetic average of all the SCFI indices in the contract month
Final payment The first UK business day following the last trading day
Business days Chinese business days for the purpose of Index publication.
UK business days for the purpose of trade registration, confirmation and final payment.