Derivatives are financial instruments used to manage one's exposure to today's volatile markets. The value is derived from an underlying instrument, such as commodity prices, interest rates, indices, and share prices. Futures are agreements between two parties to buy and sell a specified quantity and quality of a specific underlying instrument in the future at a price determined today.
The following products traded on the Exchange are currently offered by CIMB Futures:
Equity Derivatives
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FTSE Bursa Malaysia KLCI Futures (FKLI)
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FTSE Bursa Malaysia KLCI Options (OKLI)
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Single Stock Futures (SSFs)
Commodity Derivatives
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Gold Futures (FGLD)
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Crude Palm Oil Futures (FCPO)
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USD Crude Palm Oil Futures (FUPO)
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Crude Palm Kernel Oil Futures (FPKO)
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Options on Crude Palm Oil Futures (OCPO)
Financial Derivatives
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3 Month Kuala Lumpur Interbank Offered Rate Futures (FKB3)
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3-Year Malaysian Government Securities Futures (FMG3)
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5-Year Malaysian Government Securities Futures (FMG5)
FTSE Bursa Malaysia KLCI Futures Contract (FKLI)
This contract allows an investor to have an exposure of the 30 stocks that make up the Composite Index. The FKLI contract, which tracks the Composite Index, expires at the end of each month and is cash settled. Fund managers and hedge funds actively use this to protect their respective portfolios, as do individuals who also trade and speculate on it.
Crude Palm Oil Futures Contract (FCPO)
The underlying product of this futures contract is palm oil, a physical commodity. Being a physically settled contract, the remaining open contract on the expiry month is subjected to a "tendering period" phase, whereby the close-out transactions are strictly monitored by the Bursa Malaysia Derivatives Clearing Berhad. During this phase, the buyer will collect and the seller delivers the crude palm oil to the designated ports assigned by Bursa Malaysia Derivatives Clearing Berhad. FCPO contract expires at noon on the 15th day (or preceding Business Day if 15th is a non-market day) of the delivery month. Refineries and plantation companies involved in the palm oil and palm kernel industry are the main users of this contract.