USD Malaysian Palm Olein Calendar Swaps
Futures
USD Malaysian Palm Olein Calendar Swaps - Contract Specs
| Contract Unit | 25 metric tons |
|---|---|
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | CME ClearPort: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60 - minute break each day beginning at 4:00 p.m. |
| Minimum Price Fluctuation | 0.25 per metric ton = $6.25 |
| Product Code | CME ClearPort: OPS Clearing: OPS |
| Listed Contracts | Monthly contracts listed for 23 consecutive months |
| Settlement Method | Financially Settled |
| Termination of Trading | Trading terminates on the last U.S.business day of the contract month. If the next day is a Malaysian business day, trading terminates on the first U.S. business day after the contract month. |
| Exchange Rulebook | |
| Price Limit or Circuit | There shall be no trading in U.S. dollar cash settled crude palm oil futures at a price more than 10% above or below the previous day’s settlement price, unless the FCPO contract is trading at expanded limits. If this were to be the case, the U.S. dollar cash settled crude palm oil contract would trade at the expanded limits. |
| Vendor Codes |
