BDI Family
Changes to decimal point accuracy for Dry Weighted Timecharter Averages
 
Following consultation with Advisory Councils, members and market participants on the Decimal Place (DP) accuracy for the published Dry Weighted Timecharter Average Indices, the Baltic Index Council has unanimously approved:
 
Publishing of Dry Weighted Timecharter Average Indices:

That a single daily integer value will be published

This will commence 1 December 2020

The 4 decimal place value to cease publication 30 November 2020


The decision of the Baltic Index Council follows a consultation process with members and market participants, a written consultation paper issued on 27 October 2020. As part of the consultation process, the Baltic also engaged with panellists, the Baltic Advisory Councils, the Freight Forward Agreement Brokers Association and with the relevant clearing houses.
 
In reaching its decision, the Baltic Index Council considered and took into account the feedback and information provided on the issues raised in the consultation process, in line with the Baltic’s Guide to Market Benchmarks. The consultation paper is available on the members’ area of the website.


Please direct any questions to balticbroker@balticexchange.com