- Trading Screen Product Name
- LNG Futures (balmo)
- Trading Screen Hub Name
- JKM
- Contract Symbol
JKD
- Contract Series
1 Balance of Month contract (BOM)
- Contract Size
10,000 MMBtu
- Unit of Trading
10,000 MMBtus
- Minimum Trading Size
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 ($0.001/MMBtu)
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Last Trading Day
Trading will cease on the 15th calendar day of the calendar month
prior to the contract month. If the 15th calendar day is not a
business day then trading will cease on the next preceding business
day.
- Settlement Method
Financially Settled
- Final Settlement
The Final settlement is equal to the average of the relevant
quotations appearing in “Platts LNG Daily” under the
heading "Platts daily LNG markers ($/MMBtu)” subheading
“DES Japan/Korea Marker (JKM)" for “JKM (month)”
for each publication day 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
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU