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:

3 Month Kuala Lumpur Interbank Offered Rate Futures (FKB3)
3-Year Malaysian Government Securities Futures (FMG3)
5-Year Malaysian Government Securities Futures (FMG5)
10-Year Malaysian Government Securities Futures (FMGA)

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

Sign up today

Open an account with an award-winning Malaysian listed derivatives broker with over 20 years of expertise in the Malaysian listed derivatives industry.

Open An Account Now