- 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