JKM LNG (PLATTS) Future6753280
ICE Futures Europe
JKM LNG (PLATTS) Future
Description
A monthly cash settled future based on the Platts daily assessment price for the LNG Japan/Korea Marker (JKM).
Market Specifications
- Trading Screen Product Name
- LNG Futures
- Trading Screen Hub Name
- JKM
- Contract Symbol
- JKM
- Contract Size
- 10,000 MMBtu
- Unit of Trading
- Any multiple of 10,000 MMBtus
- Quotation
- US Dollars and cents per MMBtu
- 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 ($0.001) per MMBtu
- Last Trading Day
- Trading shall cease on the 15th calendar day of the calendar month prior to the contract month. If the 15th calendar day is not a business day then trading shall cease on the next preceding business day.
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per MMBtu based on the average of the relevant quotations appearing in “Platts LNG Daily” under the heading "Platts daily LNG markers ($/MMBtu)” subheading “DES Japan/Korea Marker (JKM)" for “JKM (month)” for each business day (as specified below) in the determination period.
The determination period starts on the 16th calendar day of the month which is two months before the contract month. If that day is not a business day, the determination period starts on the next following business day. 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. - Contract Series
- Up to 156 consecutive monthly contracts, 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
- Contract Security
- ICE Clear Europe acts as the central counterparty for trades conducted on ICE Futures Europe
- 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
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 7:50 AM - 6:00 AM* 07:50 - 06:00 | 7:40 AM 07:40 |
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- LNG JKM
- Physical
- JKM
- Logical
- JKM
- GMI (FC)
- K\
- ION A.C.N.
- Symbol Code
- JKM