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LNG East Asia Index (ICIS Heren) Futures Contract Specs

Product Symbol LAI
Venue CME Globex, CME ClearPort and Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. (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. (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)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 10,000 mmBTU
Price Quotation U.S. Dollars and Cents per mmBTU
Minimum Fluctuation $0.005 per mmBTU
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.
Listed Contracts CME ClearPort and Open Outcry: 12 consecutive calendar months
CME Globex: 1 month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1249
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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