Crude Palm Oil Futures (FCPO)

Posted By Steve On Thursday, November 5th, 2009 With 0 Comments
Exchange Bursa Malaysia
Type Commodity
Underlying Crude Palm Oil
Currency Malaysian Ringgit (RM)
Contract Size 25 Metric Tonnes
Tick Size 1.0
Tick Value 25 RM
Pre-Open 1
Trading Session 1 10:30- 12:30
Pre-Open 2
Trading Session 2 15:00 – 18:00
Pre-Open T+1 No T+1 Session
Trading Session T+1 No T+1 Session
Last Trading Day Contract expires at noon on the 15th day of the delivery month or the preceding day if the 15th is a non-trading day.
Tender Period 1st Business Day to the 20th Business Day of the delivery month, or if the 20th is a non-market day, the preceding Business Day
Final Settlement Price
Settlement Type Physical
Deliverable Grade Of good merchantable quality, in bulk and unbleached. 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%.
Deterioration of Bleachability Index (DOBI) value of palm oil delivered into Port Tank Installations shall be at a minimum of 2.5 and of palm oil delivered from Port Tank Installations shall be at a minimum of 2.31.
Delivery Point Port Tank Installations approved by the Exchange located at the option of the seller at Port Kelang, Penang/Butterworth and Pasir Gudang (Johor).
Contract Months Spot month and the next 5 succeeding months, and thereafter, alternate months up to 24 months ahead.
First Trading Day  
Position Limit 500 contracts net long or net short for the spot month
5,000 contracts for any single delivery month except for the spot month
8,000 contracts for all contract months combined
Initial Margin (outright)  
Maintenance Margin (outright)  
Clearinghouse Margin (outright)  
Listed Spread No
Initial Margin (spread)  
Maintenance Margin (spread)  
Clearinghouse Margin (spread)  
Daily Price Limit 10% above or below the settlement prices of the preceding Business Day. The spot month has no trading limit.
Options Yes
Exchange Symbol FKLI
Reuters Symbol  
Bloomberg Symbol  
ISIN Symbol  
SEDOL  
Notes  

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