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JKM LNG (Platts) Balmo Future71090498
ICE Futures Europe

JKM LNG (Platts) Balmo Future

Description

A balance of the month 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 (balmo)
Trading Screen Hub Name
JKM
Contract Symbol
JKD
Trading Period
1 Balance of Month contract (BOM)
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 ($0.001) per MMBtu
Last Trading Day
Fifteenth calendar day of the calendar month prior to the contract month. If the fifteenth calendar day is not a business day then trading shall cease on the next preceding business day.
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products
Final Settlement
In respect of final settlement of the Balance of Month contract (BOM), the Floating Price will be a price in USD and cents per MMBtu equal to the average of the relevant quotations appearing in “Platts LNG Daily” under the heading "Platts daily LNG markers ($/MMBtu)” subheading “DES Japan/Korea Marker (JKM)" for “JKM (month)” for each business day (as specified below) starting from the first nearby Business Day after the Transaction was concluded until the end of the in the determination period.

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
Business Days
Publication days for Platts LNG Daily
MIC Code
IFEU
Clearing Venues
ICEU

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
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 JKM Daily
Physical
JKD
Logical
JKD
GMI (FC)
NT
Symbol Code
JKD