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ICE Futures U.S.

Gulf Coast LNG (Platts) Last Day Future

Description

A financially settled futures contract based upon the average of the Platts FOB Gulf Coast Marker (GCM) during the period that the expiring month is the front month.

Market Specifications

Trading Screen Product Name
LNG (Platts) Last Day Future
Trading Screen Hub Name
Gulf Coast
Contract Symbol
GCL
Settlement Method
Cash Settlement
Contract Size
10,000 MMBtu
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One tenth of a cent ($0.001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
Up to 72 consecutive monthly Contract Periods, or as otherwise determined by the Exchange
Last Trading Day
Three Business Days prior to the first calendar day of the Contract Period
REFERENCE PRICE A
FOB Gulf Coast Marker (GCM)
a) Ref Price A - Description
"FOB Gulf Coast Marker (GCM)" means that the price for a Pricing Date will be that day's Specified Price in US dollar per MMBTU for delivery on the Delivery Date, as published in "Platts LNG Daily" under the heading "PLATTS DAILY LNG MARKERS ($/MMBtu)", subheading "FOB Gulf Coast Marker (GCM)" for "GCM (month)" in the issue of "Platts LNG Daily" that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date
Three Business Days prior to the first calendar day of the Contract Period
c) Ref Price A - Specified Price
Settlement Price
d) Ref Price A - Pricing calendar
ICE
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
The first Clearing Organization business day following the Last Trading Day
MIC Code
IFED
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London11:50 PM - 10:00 PM*
23:50 - 22:00
11:40 PM
23:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
LNG GCL
Physical
GCL
Logical
GCL
GMI (FC)
IQ
ION A.C.N.
Symbol Code
GCL