Products

Product : KLCI Futures
Contract Code FKLI
Underlying Instrument Kuala Lumpur Composite Index (“KLCI”)
Contract Size KLCI multiplied by RM50.00 ( Contract Value = Price x Contract Multiplier )
Minimum Price Fluctuation 0.5 (Value = RM25.00)
Contract Months Spot month, the next month, and the next two calendar quarterly months. The calendar quarterly months are March, June, September and December
Speculative Position Limit 10,000 contracts, net gross open position
Daily Price Limits 20% per trading session for the respective contract months except the spot month contract.There shall be no price limits for the spot month contract.

There will be no price limit for the second month contract for the final 5 business days before expiration.

Trading Hours First trading session : Malaysian 8.45 a.m. to 12:45 p.m.
Second trading session : Malaysian 2.30 p.m. to 5.15 p.m.
Final Trading Day Last Business Day of the contract month
Final Settlement Value The Final Settlement Value shall be the average value, rounded to the nearest 0.5 of an index point (values of 0.25 or 0.75 and above being rounded upwards) of the KLCI for the last half hour of trading on the Exchange on the Final Trading Day excepting the highest and lowest values.
Final Settlement Cash Settlement based on the Final Settlement Value.
Product : CPO Futures
Contract Code FCPO
Underlying Instrument Crude Palm Oil
Contract Size 25 metric tons
Daily Price limits With 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 Fluctuation RM 1.00 per metric ton
Contract Months Spot and next 5 succeeding months, and thereafter, alternate months up to 24 months ahead
Reportable Position Open Position of 100 or more open contracts, long or short, in any one delivery month
Deliverable Unit 25 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 Hours First trading session : Malaysian 10:30 a.m. to 12:30 p.m.
Second trading session : Malaysian 3:00 p.m. to 6:00 p.m.
Final Trading Day & Maturity Date Contract expires at noon on the 15th day of the delivery month. If the 15th is a non-market day, the preceding Business day.
Tender Period First 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 Points Crude 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.
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