3 Month Kuala Lumpur Interbank Offered Rate Futures (FKB3)
Exchange |
Bursa Malaysia |
Type |
Interest Rate |
Underlying |
Ringgit Interbank time deposit in the Kuala Lumpur Wholesale Money Market with a three month maturity on a 360-day year |
Currency |
Malaysian Ringgit (RM) |
Contract Size |
RM1,000,000 (Quoted as 1 - yield) |
Tick Size |
1.0 |
Tick Value |
100 RM |
Pre-Open 1 |
|
Trading Session 1 |
09:00 - 12:30 (09:00 - 11:00 on final trading day) |
Pre-Open 2 |
|
Trading Session 2 |
14:30 - 17:00 |
Pre-Open T+1 |
No T+1 Session |
Trading Session T+1 |
No T+1 Session |
Last Trading Day |
3rd Wednesday of the delivery month or the preceding business day if the 3rd Wednesday is a non-trading day |
Final Settlement Price |
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. |
Settlement Type |
Cash |
Contract Months |
Quarterly cycle months of March, June, September and December up to 5 years ahead and 2 serial months. |
First Trading Day |
|
Position Limit |
5,000 contracts, net gross Open Position for all delivery months. |
Initial Margin (outright) |
|
Maintenance Margin (outright) |
|
Clearinghouse Margin (outright) |
|
Listed Spread |
No |
Initial Margin (spread) |
|
Maintenance Margin (spread) |
|
Clearinghouse Margin (spread) |
|
Daily Price Limit |
|
Options |
No |
Exchange Symbol |
FKLI |
Reuters Symbol |
KLIBOR |
Bloomberg Symbol |
|
ISIN Symbol |
|
SEDOL |
|
Notes |
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