Platts proposes to launch JKM Balance-Month ND derivative assessment

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

The assessment would 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 would reflect the tradable value of JKM November values from Sept. 17 to Oct. 15.

On Sept. 17, the JKM BalMo-ND price assessment would roll to reflect the JKM November values from Sept. 20 to Oct. 15. However, Sept. 18 is a Saturday, therefore the roll will take place on the next business day, which is Monday, Sept. 20.

The pricing period of the JKM BalMo-ND assessment would advance to the next pricing month on the first working day after the 15th of each month. The Platts JKM BalMo-ND derivative assessment would be published each relevant business day and reflect market values prevailing at the close of Asian markets. It would follow the Platts Singapore publication calendar. All prices would be quoted in US dollars per million British Thermal Units ($/MMBtu) to three decimal places.

Platts would 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.

Please send all comments, feedback and questions to and by Aug. 17, 2021.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.