Tokyo Commodity Exchange (TOCOM) announced today that its wholly-owned subsidiary, Japan OTC Exchange, Inc. (JOE) launched the new LNG contracts on its new OTC trading platform.
The newly launched contracts include physical and cash settled swap contracts to be settled against the DES Japan/Korea Marker (JKM™), assessed and published by S&P Global Platts (Platts), the benchmark price for LNG in Asia. In addition, and in line with the Memorandum of Understanding between Platts and TOCOM signed in November 2017, the transactions of the new contracts may be used as part of Platts’ JKM™ assessment process where data is in line with Platts existing methodology and prioritization processes. TOCOM is committed to developing these markets to enhance the convenience of Asian LNG market and to facilitate price discovery.
＜Contract Specifications ＞
