JKM LNG (PLATTS) Future6753280

Description

A monthly cash settled future based on the Platts daily assessment price for the LNG Japan/Korea Marker (JKM).

Market Specifications

Trading Screen Product Name
LNG Futures
Trading Screen Hub Name
JKM
Commodity Code
JKM
Contract Size
10,000 MMBtu
Unit of Trading
Any multiple of 10,000 MMBTUs
Currency
US Dollars and cents
Trading Price
One tenth of one cent ($0.001) per MMBtu
Settlement Price
One tenth of one cent ($0.001) per MMBtu
Minimum Price Fluctuation
One tenth of one cent ($0.001) per MMBtu
Last Trading Day
Trading shall cease on the 15th calendar day of the calendar month prior to the contract month. If the 15th calendar day is not a business day then trading shall cease on the next preceding business day.
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per MMBtu based on the average of the relevant quotations appearing in “Platts LNG Daily” under the heading "Platts daily LNG markers ($/MMBtu)” subheading “DES Japan/Korea Marker (JKM)" for “JKM (month)” for each business day (as specified below) in the determination period.
Contract Series
Up to 60 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Platts LNG Daily
MIC Code
IFEU
Clearing Venues
ICEU
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Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM
08:50 - 07:00
8:40 AM
08:40
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Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
LNG JKM
Physical
JKM
Logical
JKM
GMI(FC)
R&N A.C.N.