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)

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.

Product Symbol FKLI
Underlying Instrument FBM KLCI
Contract Multiplier RM50 x index
Minimum Price Fluctuation RM0.50
Value Per Tick RM25
Settlement Methodology Cash Settled

TRADING HOURS(Malaysia Time, GMT +8)

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

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.

Product Symbol FM70
Underlying Instrument FBM Mid 70 Index
Contract Multiplier RM2 x index
Minimum Price Fluctuation RM1.00
Value Per Tick RM2.00
Settlement Methodology Cash Settled

TRADING HOURS(Malaysia Time, GMT +8)

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

Product Symbol OKLI
Underlying Instrument FBM KLCI Futures (FKLI)
Contract Multiplier 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

SSFs are futures on selected individual stocks listed on Bursa Malaysia, and have the 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.

Product Symbol SSF
Underlying Shares Selected stocks that have met the SSF selection criteria:
1. Bursa Malaysia Bhd
2. Airasia Bhd
3. AMMB Holdings Bhd
4. Berjaya Sports Toto Bhd
5. Genting Bhd
6. IOI Corporation Bhd
7. Maxis Communications Bhd
8. RHB Capital Bhd
9. Scomi Group Bhd
10. Telekom Malaysia Bhd
Source: Single Stock Futures (SSFs)
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

Source: Bursa Malaysia Derivatives

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