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Gulf Coast LNG (Platts) 1st Line Financial Future72270573
ICE Futures Europe

Gulf Coast LNG (Platts) 1st Line Financial Future

Description

A financially settled futures contract based upon the average of the Platts FOB Gulf Coast Marker (GCM) during the period that the expiring month is the front month.

Market Specifications

Trading Screen Product Name
LNG Futures
Trading Screen Hub Name
Gulf Coast
Contract Symbol
GPF
Settlement Method
Cash Settlement
Contract Size
10,000 MMBTU
Unit of Trading
Any multiple of lots
Quotation
The contract price is in United States dollar and cent per MMBTU
Minimum Price Fluctuation
One tenth of one cent ($0.001) per MMBTU
Last Trading Day
Trading will cease at the close of business on the last day of the month prior to the first calendar day of the delivery month, quarter, season, or calendar. If the last day of the month is not a Business Day, trading will cease at the close of business of the next preceding Business Day.
Trading Period
Up to 156 consecutive monthly Contract Periods, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip.
Trading Methods
Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract.
Minimum Trading Size
1 lot = 10.000 MMBTU
Minimum Block Order
5 lots = 50,000 MMBTU
Contract Security
ICE Clear Europe acts as the central counterparty for trades conducted on ICE Futures Europe.
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per MMBtu based on the average of the relevant quotations appearing in “Platts LNG Daily” under the heading "Platts daily LNG markers ($/MMBtu)” subheading “FOB Gulf Coast Marker (GCM) " for “GCM (month)” (symbol LGCSM01) for each business day during the period that the expiring month is the front month.
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
Physical
GPF
Logical
GPF
GMI (FC)
PD
Symbol Code
GPF