USD RBD Palm Olein Futures (FPOL)

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Terms & Conditions:
  • Waiver of Exchange and Clearing fees for one (1) lot of FCPO contract will only be applicable for any two (2) combination lots of FUPO, FPOL, or OPOL contracts traded.
  • This incentive will be applicable to all segments of market players except Market Makers effective from 1 August 2020 until 31 July 2021.

FPOL is a Free on Board ("FOB") physically delivered US Dollar (“USD”) denominated Refined, Bleached and Deodorised ("RBD") Palm Olein Futures Contract traded on Bursa Malaysia Derivatives ("BMD"). It allows traders and consumers to hedge against adverse price movement of palm oil, while refiners use FPOL to manage the refining margin between Crude Palm Oil against RBD Palm Olein.

BMD's Palm Complex offerings consolidate Malaysia's position as the leading price discovery centre for palm oil traded globally. Explore our product suite today.

Contract Specifications
Contract Code FPOL
Underlying InstrumentRBD Palm Olein
Contract Size25 Metric Tons (MT)
Contract MonthsSpot month and the next 5 succeeding months, and thereafter, alternate months up to 24 months ahead
Trading Hours1st Session: 09.00 a.m. to 12.00 p.m.
2nd Session: 1.30 p.m. to 6.00 p.m.
Pricing UnitUnited States Dollar (USD)
Minimum Price Fluctuation

USD 0.50 / MT

Final SettlementPhysical Delivery
Options AvailableOPOL

Why Trade FPOL?
  1. 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 BMD products.

  2. Risk Management

    Refineries and importers can use FPOL to manage risk and hedge against the risk of unfavorable price movement in the physical market.

  3. Manage Palm Refining Margin

    Refiners can use FPOL alongside FCPO to manage their refining margins by locking in the refining margins in paper.

  4. 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.

  5. Immediate Market Exposure

    Global fund managers, commodity trading advisers and proprietary traders can gain exposure to one of the major edible oils markets in the world.

  6. Regulated Trading

    Trade with confidence in a secure and transparent marketplace regulated by the Securities Commission Malaysia.


Resources for Download

Brochure
English | Chinese（中文）

Traceability Document
English

Alternative Delivery Notice
English

Acceptance Notice
English

Delivery Notice
English

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