LNG JKM Balmo Swap

ICE OTC

A balance of the month cash settled swap based on the Platts daily assessment price for the APAC LNG Derivatives Swap.

Trading Screen Product Name: LNG Futures (balmo)
Trading Screen Hub Name: JKM
Rule Number: 13146
Contract Symbol: JKD
Contract Size: 10,000 MMBtu per contract month
Unit of Trading: Any multiple of 10,000 MMBtus
Currency: US Dollars and cents
Trading Price Quotation: One tenth of cent ($0.001) per MMBtu
Last Trading Day: Trading shall cease on the 15th calendar day of the calendar month prior to the contract month. If the 15th calendar day is not a business day, then trading shall cease on the next preceding business day.
Final Settlement: In respect of final settlement, the Floating Price will be a price in USD and cents per MMBTU based on the average of the “Mid” quotations appearing in the “Platts LNG Daily” under the heading "Platts daily LNG markers ($/MMBtu)” subheading “DES Japan/Korea Marker (JKM)" for “JKM (month)” for each business day (as specified below) in the determination period.
Contract Series: Up to 2 consecutive monthly contracts, or as otherwise determined by the SEF
Final Payment Date: Fourteen (14) Calendar Days after each settlement date via wire transfer or Federal funds
Business Days: Publication days for Platts LNG Daily
Other Terms: To be confirmed directly between the parties in their full form of contract. The terms reflected in such contracts shall be controlling.
MIC Code: ICES
Clearing Venues: Bilateral

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

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