Products
Bursa Malaysia Derivatives (BMD) offers 3 categories of derivatives: Commodity Derivatives, Equity Derivatives and Financial Derivatives.
Commodity Derivatives
- Gold Futures (FGLD)
- Crude Palm Oil Futures (FCPO)
- USD RBD Palm Olein Futures 棕榈精炼油期货(FPOL)
- Crude Palm Kernel Oil Futures (FPKO)
- USD Crude Palm Oil Futures (FUPO)
- Options on Crude Palm Oil Futures (OCPO)
To Access BMD product prices / code on CME GLOBEX® Electronic Trading Platform
Example:
| FGLD: | BMD\FGLD\OCT14 Please type BMD\FGLD\relevant contract month code |
|---|---|
| FKLI: | BMD\FKLI\Dec14 Please type BMD\FKLI\relevant contract month code |
| FCPO: | BMD\FCPO\MAR15 Please type BMD\FCPO\relevant contract month code |
| FPOL: | BMD\FPOL\MAR15 Please type BMD\FPOL\relevant contract month code |
| KLIBOR: | BMD\FKB3\MAR15 Please type BMD\FKB3\relevant contract month code |
| 3 YRS BOND: | BMD\FMG3\MAR15 Please type BMD\FMG3\relevant contract month code |
| 5 YRS BOND: | BMD\FMG5\MAR15 Please type BMD\FMG5\relevant contract month code |
| OKLI: | BMD\OKLI\DEC14 Please type BMD\OKLI\relevant contract month code |
Education
Learn more about Derivatives
Crude Palm Oil Futures (FCPO)
Contract Specification
| Contract Code | FCPO |
|---|---|
| Underlying Instrument | Crude Palm Oil |
| Contract Size | 25 metric tons |
| Minimum Price Fluctuation | RM1 per metric ton |
| Daily Price Limits | With the exception of trades in the spot month, trades for future delivery of Crude Palm Oil in any month shall not be made, during any one 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.
When at least 3 non-spot month contracts are trading at the 10% Limit, the Exchange shall announce a 10-minute cooling off period ("the Cooling Off Period") for all contract months (except the spot month) during which trading shall only take place within the 10% Limit. Following the Cooling Off Period, all contract months shall be specified as interrupted for a period of 5 minutes, after which the prices traded for all contract months (except the spot month) shall not vary more than 15% above or below the settlement prices of the preceding Business Day ("the 15% Limit"). If the 10% Limit is triggered less than 30 minutes before the end of the first trading session, the following shall apply:-
If the 10% Limit is triggered less than 30 minutes before the end of the second trading session, the 10% Limit shall be applied to all contract months (except the spot month) for the rest of the Business Day. |
| Contract Months | Spot month and the next 5 succeeding months, and thereafter, alternate months up to 24 months ahead |
| Trading Hours |
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| Speculative Position Limits | The maximum number of net long or net short positions which a client or a participant may hold or control is:
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) |
| Final Trading Day and Maturity Date | Contract expires at noon on the 15th day of the delivery month, or if the 15th is a non-market day, the preceding Business Day. |
| Tender Period | 1st Calender Day to the 20th Calender Day of the spot month, or if the 20th is a non- market day, the preceding Business Day. |
| Contract Grade and Delivery Points | Crude Palm Oil of good merchantable quality, in bulk, unbleached, in Port Tank Installations approved by the Exchange located at the option of the seller at Port Kelang, Penang/Butterworth and Pasir Gudang (Johor).
Free Fatty Acids (FFA) of palm oil delivered into Port Tank Installations shall not exceed 4% and from Port Tank Installations shall not exceed 5%. Moisture and impurities shall not exceed 0.25%. Deterioration of Bleachability Index (DOBI) value of palm oil delivered into Port Tank Installations shall be at a minimum of 2.5 and of palm oil delivered from Port Tank Installations shall be at a minimum of 2.31. |
| Deliverable Unit | 25 metric tons, plus or minus not more than 2%. Settlement of weight differences shall be based on the simple average of the daily Settlement Prices of the delivery month from:
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Brochures Download
FCPO BrochureEnglish | Chinese
6 MB | 6 MB (PDF)
FCPO Specification
English | Chinese
1.659 MB | 1.713 MB (PDF)
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