|
|
Derivatives
Crude Palm Kernel Oil (FPKO) Futures
| Contract Code |
FPKO |
|
Underlying Instrument
|
Crude Palm Kernel Oil |
|
Contract Size
|
25 metric tons |
|
Minimum Price Fluctuation
|
RM1 per metric ton |
|
Daily Price Limits
|
RM100 per metric ton above or below the preceding day's Settlement Prices for all months,
except spot month. Limits are expanded when the Settlement Prices of all three quoted months
immediately following the current month, in any day, are at limits as follows:
| Day |
Limit |
| First Day |
RM100 |
| Second Day |
RM150 |
| Third Day |
RM200 |
Daily price limits will remain at RM200, when the preceding day's settlement prices of all
the three quoted months immediately following the spot month settle at limits of RM200.
Otherwise, it shall revert to the basic limit amount of RM100. |
|
Contract Months
|
Spot and the next five succeeding months, and thereafter, alternate months up to 12 months
ahead. |
|
Trading Hours
|
First trading session: Malaysian 10:30 a.m. to 12:30 p.m.
Second trading session: Malaysian 3:00 p.m. to 6:05 p.m. |
|
Final Trading Day and Maturity Date
|
Contract expires at 12:05 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 and Delivery Points
|
Each tender shall consists of 25 metric tons of Crude Palm Kernel Oil in bulk unbleached of
good merchantable quality and stored at a Port Tank Installations located at the option of the
seller at Port Kelang, Penang/Butterworth and Pasir Gudang (Johor).
Free Fatty Acids (FFA) content (as Lauric Acid of CPKO) delivered into Port Tank
Installations shall not exceed 3.5% and out of Port Tank Installations shall not exceed 4%.
Moisture and impurities shall not exceed 0.5%.
Iodine value at range 16.5
< 18.75
Colour range 4 Red - 8 Red & 60 Yellow Max. |
|
Delivery 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. |
|
Position Limit
|
250 contracts net long or net short on the spot month.
1,000 contracts on any single month except for the spot month.
1,500 contracts on all contract months combined. |
|
