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WIM LNG Swap80782556
ICE OTC

WIM LNG Swap

Description

A monthly cash settled swap based on the Platts daily assessment price for the LNG West India Marker (WIM).

Market Specifications

Trading Screen Product Name
Platts APAC LNG Derivatives
Trading Screen Hub Name
WIM
Rule Number
13115
Contract Symbol
WIM
Contract Size
10,000 MMBtu per contract month
Unit of Trading
Any multiple of 10,000 MMBtus
Currency
US Dollars and cents
Trading Price Quotation
One tenth of one cent ($0.001) per MMBtu
Last Trading Day
Trading shall cease on the 15th calendar day of the calendar month prior to the contract month. If the 15th calendar day is not a business day, then trading shall cease on the next preceding business day.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per MMBtu based on the average of the relevant quotations appearing in “Platts LNG Daily” under the heading "Platts daily LNG markers ($/MMBtu)” subheading “DES West India Marker (WIM)" for “DES WIM (month)” (symbol AARXS00) for each business day (as specified below) in the determination period.

Non-Common Pricing applies.
Contract Series
Up to 12 consecutive months, or as otherwise determined by the SEF
Final Payment Date
Five (5) New York Business Days after each settlement date via wire transfer of Federal funds
Business Days
Publication days for Platts LNG Daily
Other Terms
To be confirmed directly between the parties in their full form of contract. The terms reflected in such contracts shall be controlling.
MIC Code
ICES
Clearing Venues
Bilateral

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

Codes

Clearing Admin Name
LNG JKM
Physical
WIM
Logical
WIM
Symbol Code
WIM