Chapter 204B
USD Malaysian Palm Olein Calendar Swap (Cleared Only)
204B00.

SCOPE OF CHAPTER
This chapter is limited in application to the clearing of USD Malaysian Palm Olein Calendar Swaps,
where the parties to the transaction are “eligible contract participants” as defined in Section 1a(18)of the Commodity Exchange Act. The USD Malaysian Palm Olein Calendar Swaps is listed by
CME for clearing-only. Although the specifications for cleared USD Malaysian Palm Olein Calendar
Swaps are set forth in this chapter, and the position rules applicable to USD Malaysian Palm Olein
Calendar Swaps are set forth in Chapter 5, the USD Malaysian Palm Olein Calendar Swaps is nottraded on, nor is it traded subject to the rules of, CME in its capacity as a designated contractmarket. Clearing members that clear USD Malaysian Palm Olein Calendar Swaps are subject torules generally applicable to clearing members in Chapter 4 (Enforcement of Rules), Chapter 6(Arbitration), Chapter 7 (Delivery Facilities and Procedures), Chapter 8 (Clearing House andPerformance Bonds), and Chapter 9 (Clearing Members), as applicable. The clearing andsettlement of transactions in USD Malaysian Palm Olein Calendar Swaps shall also be subject tothe provisions of Chapter 8-F of the CME Rulebook (Over-the-Counter Derivative Clearing).

204B01.

CONTRACT SPECIFICATIONS
204B01.A. Unit of Clearing
The unit of clearing shall be 25 metric tons.
204B01.B. Hours for Clearing Entry
The Exchange shall determine the hours during which USD Malaysian Palm Olein Calendar Swaps
may be submitted to the Clearing House. Positions shall be initiated or closed out using offexchange transactions.
204B01.C. Minimum Price Increments
Minimum price fluctuations shall be in multiples of USD $0.25 per metric ton which shall equal USD$6.25 per contract. Contracts shall not be made on any other price basis.
204B01.D. Months Cleared
Clearing of USD Malaysian Palm Olein Calendar Swaps is regularly conducted in all 12 months,
but shall be permitted in the current delivery month and any succeeding months. The number ofmonths in which clearing may occur shall be at the discretion of the Exchange.
204B01.E. Position Limits, Exemptions, Position Accountability and Reportable Levels
The applicable position limits and/or accountability levels, in addition to the reportable levels, areset forth in the Position Limit, Position Accountability and Reportable Level Table in theInterpretations & Special Notices Section of Chapter 5.
A Person seeking an exemption from position limits for bona fide commercial purposes shall apply
to the Market Regulation Department on forms provided by the Exchange, and the MarketRegulation Department may grant qualified exemptions in its sole discretion.
Refer to Rule 559 for requirements concerning the aggregation of positions and allowable
exemptions from the specified position limits.
204B01.F. Last Day of Clearing
The last day of clearing of USD Malaysian Palm Olein Calendar Swaps deliverable in the current
delivery month shall be the final settlement day as prescribed in Rule 204B05.
204B01.G. Liquidation during the Delivery Month
After clearing of USD Malaysian Palm Olein Calendar Swaps in the current delivery month hasceased, in accordance with Rule 204B01.F. of this chapter, outstanding contracts for such delivery
shall be liquidated by cash settlement as prescribed in Rule 204B02.

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204B02.

CASH SETTLEMENT
Final settlement under these rules shall be on the final settlement day (as described in Rule204B05) and shall be accomplished by cash settlement. Clearing members holding open positions
in USD Malaysian Palm Olein Calendar Swaps at the time of termination of clearing shall makepayment to and receive payment through the Clearing House in accordance with normal variation
settlement procedures based on a settlement price equal to the final settlement price (as describedin Rule 204B03.).

204B03.

FINAL SETTLEMENT PRICE AND DAILY SETTLEMENT DURING THE LASTMONTH OF TRADINGThe final settlement price shall be determined on the final settlement day. The final settlement
price shall be the cumulative average of each Thomson Reuters “Malaysia RBD Palm Olein” thirdforward month closing time assessment for each business day of the contract month rounded to thenearest $0.25.
For example, final settlement for a January Malaysian Palm Olein Calendar Swap would be thecumulative average of the daily assessment prices for the third forward Thomson Reuters Malaysia
RBD Palm Olein assessment during the month of January, which in this example will comprise halfof the March assessment and half of the April assessment, with the month roll determined by theThomson Reuters listing and expiration cycle. These daily settlement prices are rounded to thenearest $0.25.
Daily settlement during the last month of clearing shall be the cumulative average of each Thomson
Reuters Malaysia RBD Palm Olein third forward month closing time assessment weighting thecurrent day’s settlement price across each remaining clearing day and rounded to the nearest$0.25.
Settlement prices shall be generated each CME business day using the most recent available
Thomson Reuters Malaysia RBD Palm Olein values. However, any settlement prices generated onCME business days when Thomson Reuters does not publish a Malaysia RBD Palm Olein
assessment will not be counted toward final settlement. Additionally, there will be no daily
settlement prices generated on non-CME business days that are Thomson Reuters Malaysia RBD
Palm Olein assessment days, but the Thomson Reuters Malaysia RBD Palm Olein assessments
generated on such days will count toward final settlement and daily settlement during the lastmonth of clearing.

204B04.

DAILY SETTLEMENT PRICE
Daily settlement other than settlement on the final settlement day or during the last month ofclearing (as described in Rule 204B03) shall be the Thomson Reuters Malaysia RBD Palm Olein
third forward month from the swap month assessment that day rounded to the nearest $0.25.
Daily settlement prices shall be generated each business day the CME is open using the mostrecent available Thomson Reuters values.

204B05.

FINAL SETTLEMENT DAY
The final settlement day shall be on the last CME business day of the swap contract month.
However, should there be a Thomson Reuters Malaysia RBD Palm Olein assessment during theswap contract month that follows the last CME business day of the swap contract month, then final
settlement shall be on the first CME business day of the month following the swap contract month.

204B06.

DISPUTES
All disputes between interested parties may be settled by arbitration as provided in the Rules.

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204B07.

DISCLAIMER
NEITHER CHICAGO MERCANTILE EXCHANGE, INC. (“CME”) ITS AFFILIATES NOR THOMSONREUTERS GUARANTEES THE ACCURACY OR COMPLETENESS OF THE THOMSONREUTERS PRICE ASSESSMENT OR ANY OF THE DATA INCLUDED THEREIN. CME, ITSAFFILIATES AND THOMSON REUTERS MAKE NO WARRANTIES, EXPRESS OR IMPLIED, ASTO THE RESULTS TO BE OBTAINED BY ANY PERSON OR ENTITY FROM USE OF THETHOMSON REUTERS PRICE ASSESSMENT, TRADING AND/OR CLEARING BASED ON THE
THOMSON REUTERS PRICE ASSESSMENT, OR ANY DATA INCLUDED THEREIN IN
CONNECTION WITH THE TRADING AND/OR CLEARING OF THE CONTRACT, OR, FOR ANYOTHER USE. CME, ITS AFFILIATES AND THOMSON REUTERS MAKE NO WARRANTIES,EXPRESS OR IMPLIED, AND HEREBY DISCLAIM ALL WARRANTIES OF MERCHANTABILITYOR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE THOMSONREUTERS PRICE ASSESSMENT OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITINGANY OF THE FOREGOING, IN NO EVENT SHALL CME, ITS AFFILIATES OR THOMSONREUTERS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIALOR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THEPOSSIBILITY OF SUCH DAMAGES.

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