An equity derivative is a financial instrument where the value of it is based on the equity movements of the underlying asset.

The index futures are based on the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) whilst the Single Stock Futures contracts is based on selected stocks.

Contract Specifications:

FTSE Bursa Malaysia KLCI Futures (FKLI)
Mini FTSE Bursa Malaysia Mid 70 Index Futures (FM70)
FTSE Bursa Malaysia KLCI Options (OKLI)
Single Stock Futures (SSFs)

FTSE Bursa Malaysia KLCI Futures (FKLI) is a Ringgit Malaysia (“MYR”) denominated FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) Futures contract traded on Bursa Malaysia Derivatives providing market participants’ exposure to the underlying FBM KLCI constituents.

Contract Code FKLI
Underlying Instrument FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI)
Contract Size FBM KLCI multiplied by RM50
Minimum Price Fluctuation 0.5 index point valued at RM25
Value Per Tick RM25
Final Settlement Cash Settlement based on the Final Settlement Value

TRADING HOURS(Malaysia Time, GMT +8)

First Session : 0845 – 1245 hours
Second Session : 1430 – 1715 hours

Mini FTSE Bursa Malaysia Mid 70 Index Futures (FM70) is a Ringgit Malaysia (“MYR”) denominated Mini FTSE Bursa Malaysia Mid 70 Index Futures contract traded on Bursa Malaysia Derivatives providing market participants exposure to the underlying FTSE Bursa Malaysia Mid 70 index (FBM Mid 70) constituents.

Contract Code FM70
Underlying Instrument FTSE Bursa Malaysia Mid 70 Index (FBM Mid 70)
Contract Size FBM Mid 70 multiplied by RM2
Minimum Price Fluctuation 1 index point valued at RM2
Value Per Tick RM2
Final Settlement Cash Settlement based on the Final Settlement Value

TRADING HOURS(Malaysia Time, GMT +8)

First Session : 0845 – 1245 hours
Second Session : 1430 – 1715 hours

Contract Code OKLI
Underlying Instrument FBM KLCI Futures (FKLI)
Contract Size One FKLI contract
Tick Size 0.1 index point valued at RM5
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.

TRADING HOURS(Malaysia Time, GMT +8)

First Session : 0845 – 1245 hours
Second Session : 1430 – 1715 hours

Single Stock Futures (SSFs) are futures on selected individual stocks listed on Bursa Malaysia, and have following features:

  • Standardised contract: SSFs have standard contract specifications as determined by Bursa Malaysia
  • Exchange traded: SSFs are traded and cleared on Bursa Malaysia
  • Standard quantity of a specific underlying asset: Each SSF is equivalent to 1,000 shares of underlying asset
  • Expiry on predetermined future date: SSFs expire on the last business day of the contract month, and are cash settled.

When you buy or sell a SSF contract, it is equivalent to buying or selling 1,000 underlying shares at an agreed price now, for delivery or final settlement at a future date when the contract matures. You may close out your bought (long) or sold (short) contract at any time before expiry with an offsetting trade.

Contract Code SSF
Underlying Shares Selected stocks that have met the SSF selection criteria:
1. CIMB Group Holding Bhd Futures
2. DRB-HICOM Bhd Futures
3. Gamuda Bhd Futures
4. Genting Bhd
5. Genting Malaysia Bhd Futures
6. Hartalega Holding Bhd Futures
7. Inari Amertron Bhd
8. My EG Service Bhd Futures
9. Telekom Malaysia Bhd
10. Top Glove Bhd Futures
Contract Size 1,000 shares
Minimum Price Fluctuation 0.02 point valued at RM20.00
Final Trading Day The last Business Day of the contract month.
Delivery
  • Cash Settlement based on the FINAL Settlement Value.
  • The Final Settlement Value shall be the Weighted Average Price, rounded to 2 decimal points, or in the event the final settlement value is equidistant between 2 minimum price fluctuations, the value shall be rounded to the higher minimum price fluctuation of the underlying share prices traded for the morning and afternoon trading session on Bursa Malaysia on the Final Trading Day.

TRADING HOURS(Malaysia Time, GMT +8)

First Session : 0845 – 1245 hours
Second Session : 1430 – 1715 hours

For more information, please refer to:
SSF Microsite

Source: Bursa Malaysia Derivatives

Contract Specifications:

FTSE Bursa Malaysia KLCI Futures (FKLI)

FTSE Bursa Malaysia KLCI Futures (FKLI) is a Ringgit Malaysia (“MYR”) denominated FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) Futures contract traded on Bursa Malaysia Derivatives providing market participants’ exposure to the underlying FBM KLCI constituents.

Contract Code FKLI
Underlying Instrument FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI)
Contract Size FBM KLCI multiplied by RM50
Minimum Price Fluctuation 0.5 index point valued at RM25
Value Per Tick RM25
Final Settlement Cash Settlement based on the Final Settlement Value

TRADING HOURS(Malaysia Time, GMT +8)

First Session : 0845 – 1245 hours
Second Session : 1430 – 1715 hours

Mini FTSE Bursa Malaysia Mid 70 Index Futures (FM70)

Mini FTSE Bursa Malaysia Mid 70 Index Futures (FM70) is a Ringgit Malaysia (“MYR”) denominated Mini FTSE Bursa Malaysia Mid 70 Index Futures contract traded on Bursa Malaysia Derivatives providing market participants exposure to the underlying FTSE Bursa Malaysia Mid 70 index (FBM Mid 70) constituents.

Contract Code FM70
Underlying Instrument FTSE Bursa Malaysia Mid 70 Index (FBM Mid 70)
Contract Size FBM Mid 70 multiplied by RM2
Minimum Price Fluctuation 1 index point valued at RM2
Value Per Tick RM2
Final Settlement Cash Settlement based on the Final Settlement Value

TRADING HOURS(Malaysia Time, GMT +8)

First Session : 0845 – 1245 hours
Second Session : 1430 – 1715 hours

FTSE Bursa Malaysia KLCI Options (OKLI)
Contract Code OKLI
Underlying Instrument FBM KLCI Futures (FKLI)
Contract Size One FKLI contract
Tick Size 0.1 index point valued at RM5
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.

TRADING HOURS(Malaysia Time, GMT +8)

First Session : 0845 – 1245 hours
Second Session : 1430 – 1715 hours

Single Stock Futures (SSFs)

Single Stock Futures (SSFs) are futures on selected individual stocks listed on Bursa Malaysia, and have following features:

  • Standardised contract: SSFs have standard contract specifications as determined by Bursa Malaysia
  • Exchange traded: SSFs are traded and cleared on Bursa Malaysia
  • Standard quantity of a specific underlying asset: Each SSF is equivalent to 1,000 shares of underlying asset
  • Expiry on predetermined future date: SSFs expire on the last business day of the contract month, and are cash settled.

When you buy or sell a SSF contract, it is equivalent to buying or selling 1,000 underlying shares at an agreed price now, for delivery or final settlement at a future date when the contract matures. You may close out your bought (long) or sold (short) contract at any time before expiry with an offsetting trade.

Contract Code SSF
Underlying Shares Selected stocks that have met the SSF selection criteria:
1. CIMB Group Holding Bhd Futures
2. DRB-HICOM Bhd Futures
3. Gamuda Bhd Futures
4. Genting Bhd
5. Genting Malaysia Bhd Futures
6. Hartalega Holding Bhd Futures
7. Inari Amertron Bhd
8. My EG Service Bhd Futures
9. Telekom Malaysia Bhd
10. Top Glove Bhd Futures
Contract Size 1,000 shares
Minimum Price Fluctuation 0.02 point valued at RM20.00
Final Trading Day The last Business Day of the contract month.
Delivery
  • Cash Settlement based on the FINAL Settlement Value.
  • The Final Settlement Value shall be the Weighted Average Price, rounded to 2 decimal points, or in the event the final settlement value is equidistant between 2 minimum price fluctuations, the value shall be rounded to the higher minimum price fluctuation of the underlying share prices traded for the morning and afternoon trading session on Bursa Malaysia on the Final Trading Day.

TRADING HOURS(Malaysia Time, GMT +8)

First Session : 0845 – 1245 hours
Second Session : 1430 – 1715 hours

For more information, please refer to:
SSF Microsite

Source: Bursa Malaysia Derivatives

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