Bursa Malaysia’s Crude Palm Oil Futures (FCPO) Contract Specifications
CONTRACT CODE |
FCPO |
UNDERLYING INSTRUMENT |
Crude Palm Oil |
CONTRACT SIZE |
25 Metric Tons (MT) |
CONTRACT MONTHS |
Spot month and the next 11 succeeding months, and thereafter, alternate months up to 36 months ahead |
TRADING HOURS |
Monday to Friday (Malaysia time):Morning trading session: 10.30 a.m. to 12.30 p.m.
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Monday to Thursday (Malaysia time):After-hours (T+1) trading session: 9.00 p.m. to 11.30 p.m |
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PRICING UNIT |
Malaysian Ringgit (MYR) |
PRICE LIMITS |
1. With the exception of trades in the current delivery month, trades for future delivery of Crude Palm Oil in any month, must not be made, during any 1 Business Day, at prices varying more than 10% above or below the settlement prices of the preceding Business Day (“the 10% Limit”) except as provided below:(a) When the 10% Limit is triggered (except for the current month), the Exchange will announce a 10-minute cooling off period (“the Cooling Off Period”) for Contracts of all contract months (except the current delivery month) during which trading may only take place within the 10% Limit.(b) Following the Cooling Off Period, Contracts of all contract months will be specified as reserved for a period of 5 minutes, after which the price limit will be expanded to 15%. The prices traded for Contracts of all contract months (except the current month) must then not vary more than 15% above or below the settlement prices of the preceding Business Day (“the 15% Limit”).(c) If the 10% Limit is triggered less than 30 minutes before the end of the morning trading session, the 10% Limit will apply to Contracts of all contract months for the rest of the morning trading session and the 15% Limit will apply to Contracts of all contract months during the afternoon trading session.(d) If the 10% Limit is triggered less than 30 minutes before the end of afternoon trading session, the 10% Limit will apply to Contracts of all contract months for the rest of the afternoon session.(e) If the 10% Limit is triggered less than 30 minutes before the end of the after-hours (T+1) trading session, the 10% Limit will apply to Contracts of all contract months (except the current month) for the rest of the after-hours (T+1) trading session and the 15 % Limit will apply to Contracts of all contract months (except the current month) for the following morning and afternoon trading sessions.2. For the purposes of paragraph 1(a), the 10% Limit will be considered triggered in the manner the Exchange may prescribe* When at least 3 non-spot month contracts are trading at the 10% Limit, the Exchange shall announce a 10-minute cooling off periods |
MINIMUM PRICE FLUCTUATION |
MYR 1.00 / MT |
FINAL SETTLEMENT |
Physical Delivery
|
OPTIONS AVAILABLE |
OCPO |
SPECULATIVE POSITION LIMIT |
The maximum number of net long or net short positions which a client or a participant may hold or control is:• 1,500 Contracts for spot month
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Bursa Malaysia’s Crude Palm Oil Options (OCPO) Contract Specifications
CONTRACT CODE |
Calls: C OCPOPuts: P OCPO |
UNDERLYING INSTRUMENT |
Crude Palm Oil futures contract (FCPO) |
CONTRACT SIZE |
25 Metric Tons (MT) |
CONTRACT MONTHS |
Spot month and the next 9 succeeding months, followed by alternate months i.e. odd months up to 36 months ahead.The 1st OCPO Contract will be trading the 3rd-month FCPO Contract. |
TRADING HOURS |
Monday to Friday (Malaysia time):Morning trading session: 10.30 a.m. to 12.30 p.m.Afternoon trading session: 02.30 p.m. to 06.00 p.m. |
Monday to Thursday (Malaysia time):After-hours (T+1) trading session: 9.00 p.m. to 11.30 p.m. |
|
PRICING UNIT |
Malaysian Ringgit (MYR) |
MINIMUM PRICE FLUCTUATION |
MYR 0.50 / MT |
EXPIRATION |
10th day 2 months prior to the spot month of the underlying FCPO Contract or, if the 10th day is a non-Business Day, on the last Business Day preceding the 10th day. |
To find out more about Bursa Malaysia’s Crude Palm Oil Futures (FCPO) & Options (OCPO), contact us via:
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