Crude Palm Oil Futures (FCPO) Specifications
|EXCHANGE||Bursa Malaysia Derivatives (BMD)|
|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||800 contracts net long or net short on the spot month.
10,000 contracts on any single month except for the spot month.
15,000 contracts on all contract months combined.
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