Derivatives

FTSE Bursa Malaysia KLCI Options (OKLI)

Contract Code	Calls: C OKLI Puts : P OKLI
Underlying Instrument	FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI)
Contract Size	FBM KLCI multiplied by RM100
Minimum Price Fluctuation	0.1 index point valued at RM10
Contract Months	Spot month, the next month and the next two calendar quarterly months. The calendar quarterly months are March, June, September and December.
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.
Exercise Price Interval	20 index point intervals for the spot and next month. 40 index points interval for the next nearest two (2) quarters. When quarterly month becomes the next month contract, no new series will be introduced automatically at the beginning of the month to fulfil the 20 index points interval requirement.
Option Series	At the start of daily trading, there shall be at least an In-the-Money Exercise Price, an Out-of-the-Money Exercise Price, and an approximate At-the-Money Exercise Price for each contract month of both the Call Options and Put Options. A new option series will not be introduced if it would expire in less than 10 Business Days before the Expiration Date.
Exercise	European style exercise. Options shall be exercised in accordance with the rules of Clearing House.
Final Trading Day	The last Business Day of the contract month.
Final Settlement	Cash Settlement based on the Final Settlement Value.
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), taken at every 15 seconds or at such intervals as may be determined by the Exchange from time to time from 3.45:30 p.m. to 4.45:15 p.m. plus one value after 5.00pm of the FBM KLCI on the Final Trading Day excepting the 3 highest and 3 lowest values.
Speculative Position Limit	5,000 contracts, net gross open position.

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