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LNG East Asia Index (ICIS Heren) Futures Contract Specs

Contract Unit 10,000 mmBTU
Price Quotation U.S. Dollars and Cents per mmBTU
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Minimum Price Fluctuation $0.005 per mmBTU
Product Code CME Globex: LAI
CME ClearPort: LAI
Clearing: LAI
Listed Contracts 12 consecutive calendar months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the Spot LNG East Asia Index (EAX) published daily by ICIS Heren in LNG Markets Daily for each day that it is published during the Settlement Period.

The ‘Settlement Period’ for a specified contract month shall be the one month period that starts on, and includes, the 16th calendar day of the month that is two months prior to the contract month, and ends on, and includes the 15th calendar day of the month prior to the contract month.

The Floating Price shall be determined following the publication of the Spot LNG East Asia Index (EAX) by ICIS Heren on the last weekday (i.e. Monday to Friday inclusive) in the Settlement Period. If such day is not an Exchange business day, the Floating Price shall be determined on the following Exchange business day.
Termination Of Trading Trading shall terminate at the close of trading on the last weekday (i.e. Monday to Friday) in the Settlement Period. If such day is not is not an Exchange business day, the trade submission shall cease on the preceding Exchange business day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1249
Block Minimum Block Minimum Thresholds
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