Products
USD Crude Palm Oil Futures (FUPO)
FUPO is a US dollar ("USD") denominated Crude Palm Oil Futures Contract, which compliments the existing Ringgit Malaysia ("MYR") denominated Crude Palm Oil Futures contract (FCPO). It is a cash-settled Contract that does not involve physical delivery of the underlying Crude Palm Oil ("CPO").
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Contract Specifications | |
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Contract Code | FUPO |
Underlying Instrument | USD Crude Palm Oil |
Contract Size | 25 Metric Tons (MT) |
Contract Months | Spot month and the next 5 succeeding months, and thereafter, alternate months up to 24 months ahead. |
Trading Hours | Monday to Friday (Malaysia time)
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Pricing Unit | United States Dollar (USD) |
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 | USD 0.25 / MT |
Why Trade FUPO? |
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- Global Access
FUPO is traded electronically on CME GLOBEX®, a global electronic trading platform. Accessing CME Globex® is easy and allows individual and professional traders anywhere around the world to access all Bursa Malaysia Derivatives products.
- Risk Management
Plantation companies, refineries, exporters and millers can use FUPO to hedge against the risk of unfavorable price movement in the physical market.
- Leveraged Trading
Gain leveraged exposure to the notional value of the underlying asset with a relatively small amount of capital (Initial Margin), magnifying the effect of a given change in price.
- Immediate Market Exposure
Global fund managers, commodity trading advisers and proprietary traders can gain immediate exposure to the active Crude Palm Oil market via FUPO.
- Spread Trading between FUPO/FCPO
Spread trading is facilitated by Spread Margin and FUPO/FCPO Inter-commodity Margin Offset.
- Regulated Trading
Trade with confidence in a secure and transparent marketplace regulated by the Securities Commission Malaysia.
Resources for Download |
Brochure
Contract Specifications
Performance Bond / Margin Rates
FAQs
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