Crude Palm Oil Futures (FCPO) Specifications
| EXCHANGE | Bursa Malaysia Derivatives (BMD) |
|---|---|
| PRODUCT SYMBOL | FCPO |
| CONTRACT SIZE | 25 metric tons |
| PRICING UNIT | Ringgit Malaysia |
| TICK SIZE (Minimum Fluctuation) | RM1.00 per metric ton |
| CONTRACT MONTHS | Spot month, the next 5 succeeding months, and thereafter, alternate months up to 24 months forward |
| TRADING HOURS | 1st session: 10:30 a.m. to 12:30 p.m., 2nd session: 3:00 p.m. to 6:00 p.m. |
| DAILY PRICE LIMIT | When at least 3 non-spot month contracts are trading at the 10% limit above or below the previous day settlement price, the trading will halt for 10-minute and thereafter will enter into a 5-minute pre-opening period. The limit will then be expanded to not more than 15% above or below the previous day settlement price. There shall be no price limit for the spot month. |
| SETTLEMENT TYPE | Physical Delivery |
| LAST TRADE DATE | Contract expires at noon on the 15th day of the spot month or if the 15th day is a non-market day, the preceding Business Day. |
| TENDER PERIOD | First Business Day to the 20th day of the delivery month. If the 20th is a non-market day, the preceding Business Day. |
| CONTRACT GRADE AND DELIVERY POINTS | Crude palm Oil of good merchantable quality, in bulk, unbleached, in Port Tank Installations approved by the Exchange 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 Installation 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 UNIT | 25 metric tons, plus or minus not more than 2%. |
| SPECULATIVE POSITION LIMIT | 500 contracts net long or net short on the spot month. 5,000 contracts on any single month except for the spot month. 8,000 contracts on all contract months combined. |
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