|
|
Derivatives
3 Mth Month Kuala Lumpur Interbank Offered Rate interest rate (FKB3) Futures
| Contract Code |
FKB3 |
|
Underlying Instrument
|
Ringgit Interbank time deposit in the Kuala Lumpur Wholesale Money Market with a three month
maturity on a 360-day year. |
|
Contract Size
|
RM1,000,000
Quoted in index terms (100.00 minus yield). |
|
Minimum Price Fluctuation
|
0.01% or 1 tick. |
|
Contract Months
|
Quarterly cycle months of March, June, September and December up to 5 years ahead and 2 serial
months. |
|
Trading Hours
|
First trading session: Malaysian 9:00 a.m. to 12:30 p.m.
Second trading session: Malaysian 2:30 p.m. to 5:00 p.m. |
|
Final Trading Day and Maturity Date
|
Trading ceases at 11:00 a.m. (Malaysian time) on the 3rd Wednesday of the delivery month or the
1
st Business Day immediately following the 3rd Wednesday of the delivery month if the 3rd
Wednesday of the delivery month is not a Business Day. |
|
Final Settlement
|
Cash Settlement based on the Cash Settlement Value. |
|
Final Settlement Value
|
- Calculated as 100.00 minus the Three Month KLIBOR as published by Reuters Ltd. On reference
page "KLIBOR" at 11:00 hours (Malaysian time) on the Final Trading Day.
- In the event that the above calculation (i) cannot be made, the final settlement value shall be
calculated as 100.00 minus the Three Month KLIBOR as published by Dow Jones Telerate Ltd on page
number 46387 at 11:00 hours (Malaysian time) on the Final Trading Day.
- In the event that the above calculation (i) and (ii) cannot be made, the final settlement value
shall be calculated as 100.00 minus the Three Month KLIBOR as obtained from Bank Negara Malaysia at
11.00 hours (Malaysian time) on the Final Trading Day.
In the event that none of the above 3 calculations can be made, the final settlement value
shall be determined by the Exchange. |
|
Speculative Position Limits
|
5,000 contracts, net gross Open Position for all delivery months. |
|
