Platts to launch JKM Balance-Month ND derivative assessment

S&P Global Platts will launch a daily Balance-Month (BalMo) next-day JKM derivative assessment against a time stamp of 4:30 pm Singapore time (0830 GMT), on Sept. 16, 2021.

The assessment will reflect the tradable value of the financially settled derivative contract, which settles against the remaining yet-to-be published assessments for the relevant JKM month, starting from the next day of publication.

For example, on Sept. 16, when the physical JKM pricing period is November, the JKM BalMo-ND price assessment will reflect the tradable value of JKM November values from Sept. 17 to Oct. 15.

On Sept. 17, the JKM BalMo-ND price assessment will roll to reflect the JKM November values from Sept. 20 to Oct. 15.

However, Sept. 18 is a Saturday, meaning the roll will take place on the next business day which is Monday, Sept. 20.

The pricing period of the JKM BalMo-ND assessment will advance to the next pricing month on the first working day after the 15th of each month.

The Platts JKM BalMo-ND derivative assessment will be published on each relevant business day and reflect market values prevailing at the close of Asian markets.

It will follow the Platts Singapore publication calendar.

All prices will be published in dollars per million British thermal units ($/MMBtu) to three decimal places.

Platts will consider bids, offers and trade information of a minimum of 25 lots (one lot is equivalent to 10,000 MMBtu) for this assessment, matching the minimum lot size considered in its other JKM derivatives assessments.

Platts first proposed launching this assessment in a subscriber note published Aug. 5 on https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/080521-platts-proposes-to-launch-jkm-balance-month-nd-derivative-assessment

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