- Trading Screen Product Name
- LNG Futures
- Trading Screen Hub Name
- JKM
- Contract Symbol
JKM
- 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
- Contract Size
10,000 MMBtu
- Unit of Trading
10,000 MMBtus
- Minimum Trading Size
Futures: 1 lot = 10,000 MMBtu
Exchange for Physical (EFP): 1 lot = 10,000 MMBtu
Exchange for Swap (EFS): 1 lot = 10,000 MMBtu
Block Order : 5 lots = 50,000 MMBtu
- Price Quotation
The contract price is in United States dollar and cent per MMBTU
- Minimum Price Fluctuation
One tenth of one cent per MMBtu ($0.001/MMBtu)
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Last Trading Day
Trading will cease on the 15th calendar day of the calendar month
prior to the contract month. If the 15th calendar day is not a
business day then trading will cease on the next preceding business
day.
- Settlement Method
Financially Settled
- Final Settlement
The final settlement is based on the average of the relevant
quotations appearing in “Platts LNG Daily” under the
heading "Platts daily LNG markers ($/MMBtu)” subheading
“DES Japan/Korea Marker (JKM)" for “JKM (month)”
for each publication day in the delivery 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.
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU