Crude Palm Oil Futures (FCPO)
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 |