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LNG

Ginga Offers broking service for LNG JKM and below is the Market Specifications:

Market Specifications

Trading Screen Product Name

LNG Futures

Trading Screen Hub Name

JKM

Commodity Code

JKM

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 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.

Contract Series

Up to 60 consecutive months. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip.

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

 

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