LNG JAPAN/KOREA MARKER (PLATTS) 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. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Default: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.005 per MMBtu = $50.00
Product Code CME Globex: JKM
CME ClearPort: JKM
Clearing: JKM
Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year 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 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 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 followingExchange 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.
Termination Of Trading Trading terminates on the 15th calendar day of the month prior to the contract month. If this is not a U.S. and London business day, trading terminates on the prior U.S. and London business day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 868
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing