What We Do > Our Products > Bursa Malaysia Derivatives
Financial Derivatives
Financial derivative products are based on the Malaysian short-term interest rate instruments that are traded in the money market.
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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.
Contract Specifications:
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.
| 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(Malaysia Time, GMT +8)
First Session : 0900 – 1230 hours
Second Session : 1430 – 1700 hours
3-Year Malaysian Government Securities Futures (FMG3)
| Contract Code | FMG3 |
| Underlying Instrument | Malaysian Government Securities with a 3-year maturity (“3-Year MGS”) |
| Coupon Rate | 6% per annum, payable semi-annually |
| Contract Unit | 3-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(Malaysia Time, GMT +8)
First Session : 0900 – 1230 hours
Second Session : 1430 – 1800 hours
5-Year Malaysian Government Securities Futures (FMG5)
| 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(Malaysia Time, GMT +8)
First Session : 0900 – 1230 hours
Second Session : 1430 – 1800 hours
10-Year Malaysian Government Securities Futures (FMGA)
| Contract Code | FMGA |
| Underlying Instrument | Malaysian Government Securities with a 10-year maturity (“10-Year MGS”) |
| Coupon Rate | 6% per annum, payable semi-annually |
| Contract Unit | 10-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(Malaysia Time, GMT +8)
First Session : 0900 – 1230 hours
Second Session : 1430 – 1800 hours
Mini USD/CNH Futures contract (FCNH)
| Contract | Mini United States Dollar / Chinese Renminbi (HK) Futures Contract |
| Contract Code | FCNH |
| Underlying Currency Pair | United States Dollar / Chinese Renminbi (USD/CNH) |
| Contract Unit | USD 20,000.00 |
| Price Quotation | RMB per USD |
| Settlement Method | Cash settlement in RMB based on the Final Settlement Price |
| Final Settlement Price and Contract Settlement | The final settlement price will be the settlement price of the expiring month contract for the Mini USD/CNH Futures traded on HKFE on the HKFE Last Trading Day, as determined by HKFE. The Contract will be settled on the HKFE Last Trading Day. If the HKFE Last Trading Day is a non-Business Day, the Contract will be settled on the Business Day immediately after the HKFE Last Trading Day. |
TRADING HOURS(Malaysia Time, GMT +8)
Monday to Friday (Malaysia Time)
• Day trading session:
0900 hours to 1800 hours
Monday to Thursday (Malaysia Time)
• After-hours (T+1) trading session:
2100 hours to 0230 hours
Note: The after-hours (T+1) trading session ceases at 0230 hours the next day.
Source: Bursa Malaysia Derivatives
Contract Specifications:
Source: Bursa Malaysia Derivatives