- Trading Screen Product Name
- LNG Futures
- Trading Screen Hub Name
- JKM
- Contract Symbol
JKM
- Contract Size
10,000 MMBtu
- Unit of Trading
Any multiple of 10,000 MMBtus
- Quotation
US Dollars and cents per MMBtu
- 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.
The determination period starts on the 16th calendar day of the
month which is two months before the contract month. If that day is
not a business day, the determination period starts on the next
following business day. The determination period ends on and
includes the 15th calendar day of the month which is one month
before the contract month. If that day is not a business day, the
determination period ends on the next preceding business day.
- Contract Series
Up to 156 consecutive monthly contracts, or as otherwise determined
by the Exchange. Quarterly, seasonal, calendar, and any period of
consecutive monthly contracts can be registered as a strip
- Trading Methods
Electronic futures, Exchange for Physical (EFP), Exchange for Swap
(EFS) and Block Trades are available for this contract
- Contract Security
ICE Clear Europe acts as the central counterparty for trades
conducted on ICE Futures Europe
- 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