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FCPO (Kelapa sawit)

posted 4 Nov 2011, 22:04 by Zam Mlk

CPO Futures Contract Specification
Contract CodeFCPO
Underlying InstrumentCrude Palm Oil
Contract Size25 metric tons
Daily Price LimitsWith 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 varing 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 month (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 : 

(a) the contract months shall not be specified as interrupted;
(b) the 10% Limit shall be applied to all contract months (except the spot month) for the rest of the first trading session; and 
(c) the 15% Limit shall be applied for all contract months (except the spot month) during the second trading session.

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.
Minimum Price FluctuationRM 1.00 per metric ton
Contract MonthsSpot and next 5 succeeding months, and thereafter, alternate months up to 24 months ahead.
Deliverable Unit25 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:

a) the 1st Business Day of the delivery month to the day of tender, if the tender is made before the last trading day of the delivery month; or
b) the 1st Business Day of the delivery month to the Business Day immediately preceding the last day of trading, if the tender is made on the last trading day or thereafter.
Trading HoursFirst trading session: Malaysian time: 10:30am to 12:30pm
Second trading session: Malaysian time: 03:00pm to 06:00pm
Final Trading Day & Maturity DateContract expires at noon on the 15th day of the delivery month. If the 15th is a non-market day, the preceding Business day.
Tender PeriodFirst business day to the 20th business day of the delivery month, or if the 20th is a non-market day, the preceding business day.
Contract Grade & Delivery PointsCrude Palm Oil of good merchantable quality, in bulk, unbleached, in Port Tank Installations 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%
Position Limit
  • 500 contracts net long or net short on the spot month
  • 5,000 contracts on any single delivery month except for the spot month
  • 8,000 contracts on all contract months combined.

For more information on Bursa Malaysia Derivatives products, please visit this site:www.bursamalaysia.com/website/bm/derivatives/products
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