- Trading Screen Product Name
- LNG Futures (half month)
- Trading Screen Hub Name
- JKM
- Contract Symbol
JKH
- Trading Period
Up to 2 consecutive months (4 half months), or as otherwise
determined by the Exchange. The First Half-Month contracts (H1)
start on the first calendar day of the month and end on the
fifteenth calendar day of the month. The Second Half-Month
contracts (H2) start on the sixteenth calendar day of the month and
end on last calendar day of the month
- 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 ($0.001) per MMBtu
- Last Trading Day
Trading in a First Half-Month contracts (H1) shall cease on the
fifteenth calendar day of the calendar month prior to the
Half-Month contract. If the fifteenth calendar day is not a
business day then trading shall cease on the next preceding
business day. For example the last trading day of the First
Half-Month contract (H1) of September 2018 is 15 August 2018.
Trading in a Second Half-Month contracts (H2) shall cease on the
last day of the calendar month prior to the Half-Month contract. If
the last day of the calendar month is not a business day then
trading shall cease on the next preceding business day. For example
the last trading day of the Second Half-Month contract (H2) of July
2018 is 29 June 2018.
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products
- Final Settlement
In respect of final settlement of the First Half-Month (H1)
contract, the Floating Price will be a price in USD and cents per
MMBtu equal to the average of the relevant quotations appearing in
“Platts LNG Daily” under respectively the heading
"Platts daily LNG markers ($/MMBtu)” subheading “DES
Japan/Korea Marker (JKM)" for “H1 (month)” for each
business day (as specified below) between the first and the
fifteenth day of the previous calendar month. For example, in
respect of final settlement the Floating Price of the First (H1)
contract of September 2018 is equal to the average of the relevant
quotations appearing in “Platts LNG Daily” between 1
August 2018 and 15 August 2018. In respect of final settlement of
the Second Half-Month (H2) contract, 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 respectively the heading "Platts daily LNG markers
($/MMBtu)” subheading “DES Japan/Korea Marker (JKM)"
for “H2 (month)” for each business day (as specified
below) between the sixteenth and the last day of the previous
calendar month. For example, in respect of final settlement the
Floating Price of the Second (H2) contract of July 2018 is equal to
the average of the relevant quotations appearing in “Platts
LNG Daily” between 16 June 2018 and 30 June 2018.
- 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