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LNG DES Japan (RIM) Futures Contract Specs

Contract Unit 10,000 MMBtu
Price Quotation U. S. dollars and cents per MMBtu
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.001 per mmbtu=$10.00
Product Code CME Globex: JNG
CME ClearPort: JNG
Clearing: JNG
Listed Contracts Monthly contracts listed for the current year and the next 3 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The "Settlement Period" for a specified contract month shall be the one month period that starts on, and includes, the first Japan business day following the 15th calendar day of the month that is two month 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 DES Japan by RIM on the last publication day 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.

The Floating Price for each contract month is equal to the arithmetic average of the "DES Japan" Spot LNG prompt month assessment published in respect of the contract month by RIM in the RIM LNG Intelligence Daily for each day that is published during the Settlement Period.
Termination Of Trading Trading terminates on the 15th calendar day of the month prior to the contract month. If such date is not a Japanese business day, trading shall terminates on the business day immediately prior.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 256
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing