- 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