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Description

A financially settled futures contract based upon the average of the Platts FOB Gulf Coast Marker (GCM) during the period that the expiring month is the front month.

Market Specifications

Trading Screen Product Name

LNG (Platts) Last Day Future

Trading Screen Hub Name

Gulf Coast

Contract Symbol

GCL

Settlement Method

Cash Settlement

Contract Size

10,000 MMBtu

Currency

USD

Minimum Price Fluctuation

The price quotation convention shall be One tenth of a cent ($0.001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.

Listing Cycle

Up to 72 consecutive monthly Contract Periods, or as otherwise determined by the Exchange

Last Trading Day

Three Business Days prior to the first calendar day of the Contract Period

REFERENCE PRICE A

FOB Gulf Coast Marker (GCM)

a) Ref Price A - Description

"FOB Gulf Coast Marker (GCM)" means that the price for a Pricing Date will be that day's Specified Price in US dollar per MMBTU for delivery on the Delivery Date, as published in "Platts LNG Daily" under the heading "PLATTS DAILY LNG MARKERS ($/MMBtu)", subheading "FOB Gulf Coast Marker (GCM)" for "GCM (month)" in the issue of "Platts LNG Daily" that reports prices effective on that Pricing Date.

b) Ref Price A - Pricing Date

Three Business Days prior to the first calendar day of the Contract Period

c) Ref Price A - Specified Price

Settlement Price

d) Ref Price A - Pricing calendar

ICE

e) Ref Price A - Delivery Date

Contract Period

Final Payment Date

The first Clearing Organization business day following the Last Trading Day

MIC Code

IFED

Clearing Venues

ICEU

Related Products

• Henry LD1 Fixed Price Future
• JKM LNG (PLATTS) Future
• UK NBP Natural Gas Futures
• Dutch TTF Natural Gas Futures
• Dutch TTF Natural Gas Daily Futures

Trading Hours

Codes