Products
Bursa Malaysia Derivatives (BMD) offers 3 categories of derivatives: Commodity Derivatives, Equity Derivatives and Financial Derivatives.
Commodity Derivatives
- Crude Palm Oil Futures (FCPO)
- 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:
| FKLI: | BMD\FKLI\JUN13 Please type BMD\FKLI\relevant contract month code |
|---|---|
| FCPO: | BMD\FCPO\NOV13 Please type BMD\FCPO\relevant contract month code |
| KLIBOR: | BMD\FKB3\JUN13 Please type BMD\FKB3\relevant contract month code |
| 3 YRS BOND: | BMD\FMG3\JUN13 Please type BMD\FMG3\relevant contract month code |
| 5 YRS BOND: | BMD\FMG5\JUN13 Please type BMD\FMG5\relevant contract month code |
| OKLI: | BMD\OKLI\JUN13 Please type BMD\OKLI\relevant contract month code |
Education
Learn more about Derivatives
Options on Crude Palm Oil Futures (OCPO)
Contract Specification
| Contract Code | Calls: C OCPO Puts: P OCPO |
|---|---|
| Underlying Instrument | Crude Palm Oil futures contract (FCPO) |
| Type | European Options |
| Contract Size | One Crude Palm Oil futures contract (of a specified month) of 25 metric tons (MT) |
| Tick Size | RM0.50 per MT (RM12.50 per contract) |
| Strike Price Intervals | Trading shall be conducted for put and call options with striking prices in integral multiples of RM50 per MT. There will be at least 11 strike prices (five are in-the-money, one is at-themoney and five are out-of-the-money). |
| Contract Months | Monthly (list the third, fourth, fifth and sixth forward months) then alternate months going out 24 months of the FCPO contract. The first spot option contract month will be trading the 3rd month FCPO contract. |
| Daily Price Limit | There will be no daily price limits. |
| Last Trading Day | The spot options will cease trading at 6.00 pm on the 10th day of every month, or the preceding business day if the 10th is a nonbusiness day. The futures position will be delivered at end-of-day process and will be available for trading on the next day. |
| Exercise | In the absence of contrary instructions delivered to the Clearing House, an option that is in-the money at expiration shall be automatically exercised. Exercise results in a long 3rd month FCPO position, which corresponds with the option’s contract month for a call buyer or a put seller, and a short 3rd month FCPO position for a put buyer or a call seller. |
| Expiration | Unexercised Crude Palm Oil futures options shall expire at 6.00 pm on the last day of trading. |
| Trading Hours |
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| Speculative Position Limit |
10,000 futures equivalent contracts net long or net short for any single month. 15,000 futures equivalent contracts for all contract months combined. *Speculative Position Limits are combined together with the FCPO contract. |
Brochures Download
OCPO SpecificationEnglish| Chinese
173 KB | 0.448 MB (PDF)
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