|Contract Unit||10,000 MMBtu|
|Price Quotation||U.S. Dollars and Cents per MMBtu|
|Trading Hours||Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)|
|Minimum Price Fluctuation||0.005 per MMBtu = $50.00|
|Product Code||CME Globex: JKBCME ClearPort: JKBClearing: JKB|
|Listed Contracts||Monthly contracts listed for the current year and the next 2 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||Daily spot Asian LNG assessment.
The Floating Price shall be determined following the publication of the DES Japan/Korea daily LNG marker (JKM) by Platts 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/Korea Marker (JKM) published in respect of the contract month by Platts in LNG Daily for each day that it is published during the Settlement Period.
The ‘Settlement Period’ for a specified contract month shall be the period that starts on, and includes, the first calendar day of the month that is prior to the contract month, and ends on, and includes the 15th calendar day of the month that is prior to the contract month.
|Termination Of Trading||Trading terminates on the 15th calendar day of the month prior to the contract month. If this is not a business day, the preceding business day.|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 876|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|