FTSE Bursa Malaysia KLCI Index Options (OKLI) Specifications
|EXCHANGE||Bursa Malaysia Derivatives (BMD)|
|UNDERLYING INSTRUMENT||FBM KLCI Futures (FKLI)|
|CONTRACT SIZE||One FKLI contract|
|TICK SIZE||0.1 index point valued at RM5|
|CONTRACT MONTHS||Spot month, the next month, and next 2 calendar quarterly months. The calendar quarterly months are March, June, September and December|
|TRADING HOURS||First trading session: Malaysian 8:45 a.m. to 12:45 p.m.
Second trading session: Malaysian 2:30 p.m. to 5:15 p.m.
|LAST TRADING DAY||The last Business Day of the contract month.|
|EXERCISE PRICE INTERVAL||At least 13 exercise prices (6 are in-the-money, 1 is at-the-money and 6 are out-of-the-money) shall be set at interval of 10 index points for the spot and next month contracts. At least 7 exercise prices (3 are in-the-money, 1 is at-the-money and 3 are out-of-the-money) shall be set at interval of 20 index points for the next 2 quarterly month contracts.|
|SETTLEMENT OF OPTION EXERCISE||In the absence of contrary instructions delivered to the Clearing House, an option that is in-the money at expiration shall be automatically exercised. Exercise results in a long FKLI position, which corresponds with the option’s contract month for a call buyer or a put seller, and a short FKLI position for a put buyer or a call seller. The resultant positions in FKLI shall then be cash-settled based on the final settlement value of FKLI.|
|SPECULATIVE POSITION LIMIT||10,000 FKLI-equivalent contracts (a combination of OKLI and FKLI contract), net on the same side of the market in all contract months combined.|
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