The Baltic will be holding a Panamax working group meeting at 15:00 pm on Tuesday 12 February 2019 at the Baltic Exchange, which is open to all members.
The meeting will debate
- A method to derive a value for the 74k 4TC Index from the 82k 5TC Index
- The date to switch from a panellist assessment to a derived value for the 74k 4TC
- Open interest, physical and derivatives
To register your interest, click here.
On 3 November 2015 the Baltic initiated a consultation which determined that the existing 74k 4TC Index would need to be updated and a new 82k 5TC was required as its successor.
The new 82k 5TC passed successfully through the various trial stages and went live on 2 January 2018. 12 months of dual reporting (74k 4TC and 82k 5TC) has completed.
The working group will discuss the next steps in the retirement of the 74k 4TC Index.
The findings of the working group will be circulated to members for their feedback and then presented to the BIC for their decision.
Any feedback or comments you would like to be brought to the working group’s attention is extremely welcome – please send this to firstname.lastname@example.org