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BMD 3 Year Malaysian Government Securities Futures (FMG3) Specifications

EXCHANGE Bursa Malaysia Derivatives (BMD)
UNDERLYING INSTRUMENT Malaysian Government Securities with a 3-year maturity (“3-Year MGS”)
COUPON RATE 6% per annum, payable semi-annually
PRICING UNIT Ringgit Malaysia (RM)
PRICE QUOTATION In Ringgit Malaysia per RM100.00 in face value, up to 2 decimal places
CONTRACT MONTHS 4 nearest quarterly cycle months of March, June, September and December
TRADING HOURS First trading session:
(Malaysian Time) 9:00 a.m. to 12:30 p.m.

Second trading session:
Malaysian Time 2:30 p.m. to 6:00 p.m.

FINAL TRADING DAY 1. 3rd Wednesday of the contract month or the 1st Business Day immediately following the 3rd Wednesday if the 3rd Wednesday of the contract month is not a Business Day.
2. Trading in the expiring month Contract ceases at 1800 hours (Malaysia time) on the Final Trading Day.
FINAL SETTLEMENT Cash Settlement Method
ELIGIBLE MGS The Final Settlement Price shall be calculated from the prices of the eligible MGS in the basket according to the predetermined criteria.*

Eligible MGS

The basket of eligible MGS includes MGS with the following characteristics:

Bond Type Minimum Outstanding Amount Term to Maturity Other requirements
Benchmark bonds Not applicable 2-4 years (FMG3) 4-6 years (FMG5) 8-11 years (FMGA) Not applicable
Non-Benchmark bonds RM5 billion (FMG3 and FMG5) RM3 billion (FMGA) 2-4 years (FMG3) 4-6 years (FMG5) 8-11 years (FMGA) Max of 2 bonds
SPECULATIVE POSITION LIMITS 10,000 contracts in any one quarterly month or all months combined.

**Note: For full details of contract specifications, please refer here.




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