Products

Bursa Financial Derivatives

What is Financial Derivatives?

The interest rate and bond futures products mainly refer to the underlying 3-month KL Interbank Offered Rate (KLIBOR) that is traded in our underlying money market.

3 Month Kuala Lumpur Interbank Offered Rate Futures (FKB3)

Contract Specifictions

Trading in the KLIBOR futures contract commenced in May 2004. The contract is based on a three-month interbank deposit in the Kuala Lumpur wholesale money market having a principal value of RM1 million.

ITEMS
DETAILS
Contract Code
FKB3
Underlying Shares
Ringgit Interbank time deposit in the Kuala Lumpur Wholesale Money Market with a three month maturity on a 360-day year
Contract Size
RM 1,000,000 Quoted in index terms (100.00 minus yield)
Minimum Price Fluctuation
0.01% or 1 tick
Final Trading Day Maturity Date
Trading ceases at 11:00am (Malaysia Time) on the 3rd Wednesday of the delivery month or the 1st Business Day immediately following the 3rd Wednesday of the delivery month if the 3rd Wednesday of the delivery month is not a Business Day.
Final Settlement
Cash Settlement based on Cash Settlement Value

Trading Hours

Monday to Friday (Malaysia Time, GMT +8 )
First Sessions: 0900 - 1230 hours
Second Session: 1430 - 1700 hours

Monday to Friday (Malaysia Time, GMT +8 )
After-Hours (T+1) Trading Session: 2100 - 2330 hours

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