Delivery ports located in China, Japan and Korea with geographic proximity to each other with little to no incremental shipping cost relative to fair value.
Rule Chapter | 1000 |
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Contract | LNG North Pacific Asia Futures |
Product ID/Commodity Code | NPA |
Contract Unit and Delivery Unit |
10,000 MMBtu Those holding contracts to maturity will be required to do so in multiples of 340 contracts "Delivery Unit Size" or 3,400,000 MMBtu |
Unit of Measure | MMBtu |
Trading Hours (All time Singapore) | Monday through Friday Pre-open session: 0930 hrs to 1000 hrs Normal Market Session: 1000 hrs to 2400 hrs |
Minimum Price Movement | USD 0.01 per MMBtu |
Listed Contracts | 24 consecutive months |
Settlement Method | Physical Delivery |
Termination of Trading/Last Trading Day | The first business day of the month preceding the first calendar day of the Delivery Month |
Delivery Dates | Delivery Date will be a day from the 11th - 20th of the Contract Month at the Buyer's Choice |
Reportable Level | 25 Lots |
Position Limits (Spot Month) | 350 Lots |
Position Accountability Levels (any/all month) | 1750 Lots |
Price Limits | Fixed price limits which will be published via circulars |
Block Trade Minimum | 5 |
Final Settlement Price |
Price determined by the Exchange on the Last Trading Day The Final Settlement Price is the basis for delivery |
Settlement Price Period | Daily Settlement Price: 2225-2230 hrs SGT Final Settlement Price: 2200-2230 hrs SGT |
Delivery Unit Size | 340 Lots |
Odd Lots |
Odd Lots are those positions held through Termination of Trading that are not eligible for delivery Parties holding odd lots that are unable to meet delivery obligations are subject to a penalty equal to 10% of Contract Value |
List of Eligible Ports for Abaxx LNG Contracts : See Abaxx Circular 2024-CO19
NPA Contract Summary