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.
Afternoon trading Session: 2.30 p.m. to 6.00 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)

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
* All FCPO physical delivery must be Malaysian Sustainable Palm Oil (MSPO) certified.

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
• 20,000 Contracts for any one Contract month except for spot month
• 30,000 Contracts for all months combined

The above position limit will be a combined limit for Crude Palm Oil Futures Contracts and Options on Crude Palm Oil Futures

(Please note that spot month futures limit will not be applicable to the options)

CONTRACT CODE

Calls: C OCPO

Puts: 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.