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
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
Crude Palm Oil Futures (FCPO)
Contract Specifictions
Crude Palm Oil Futures (FCPO) is a Ringgit Malaysia (MYR) denominated palm oil futures contract traded on Bursa Malaysia Derivatives (BMD) which acts as the world’s price discovery benchmark for Crude Palm Oil since 1980.
The contract allows traders to gain leveraged exposure in Crude Palm Oil for a small capital outlay and provides ample prospects for directional trading, hedging, arbitraging and intra- commodity spreading.
ITEMS | DETAILS |
|---|---|
Contract Code | FCPO |
Underlying Instrument | Crude Palm Oil |
Contract Size | 25 metric tons |
Minimum Price Fluctuation | RM 1 per metric ton |
Value per Tick | RM 25.00 |
Settlement Method | Cash Settlement |
Trading Hours
Monday to Friday (Malaysia Time, GMT +8 )
First Sessions: 1030 - 1230 hours
Second Session: 1430-1800 hours
Monday to Thursday (Malaysia Time, GMT +8)
After-Hours (T+1) Trading Session: 2100 - 2330 hours
5-Year Malaysian Government Securities Futures (FMG5)
Contract Specifictions
ITEMS | DETAILS |
|---|---|
Contract Code | FMG5 |
Underlying Instrument | Malaysian Government Securities with a 5-year maturity (“5-Year MGS”) |
Coupon Rate | 6% per annum, payable semi-annually |
Contract Unit | 5-Year MGS having a principal value of RM 100,000 |
Price Quotation | In Ringgit Malaysia per RM 100 in face value, up to 2 decimal places |
Minimum Price Fluctuation | 0.01 = RM 10.00 |
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. |
Settlement Method | Cash Settlement based on final settlement value |
Trading Hours
Monday to Friday (Malaysia Time, GMT +8 )
First Sessions: 0900 - 1230 hours
Second Session: 1430 - 1800 hours
USD Crude Palm Oil Futures (FUPO)
Contract Specifictions
USD Crude Palm Oil Futures (FUPO) is a USD-denominated palm oil futures contract that compliments the existing MYR-denominated Crude Palm Oil Futures contract (FCPO).
It is a cash-settled contract that does not involve the physical delivery of the underlying Crude Palm Oil (CPO). FUPO also consolidates Malaysia’s position as the leading price discovery center for palm oil traded globally.
ITEMS | DETAILS |
|---|---|
Contract Code | FUPO |
Underlying Instrument | Crude Palm Oil |
Contract Size | 25 metric tons |
Minimum Price Fluctuation | USD 0.25 per metric ton |
Settlement Method | Cash settlement |
Trading Hours
Monday to Friday (Malaysia Time, GMT +8 )
First Sessions: 1030 - 1230 hours
Second Session: 1500 - 1800 hours
Monday to Friday (Malaysia Time, GMT +8 )
After-Hours (T+1) Trading Session: 2100 - 2330 hours
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