Chapter 204D
USD Malaysian Crude Palm Oil Average Price Option
204D00.

SCOPE OF CHAPTER
This chapter is limited in application to USD Malaysian Crude Palm Oil Average Price Option. Inaddition to this chapter, the contract shall be subject to the general rules and regulations of theExchange insofar as applicable.
For purposes of this chapter, unless otherwise specified, times referred to herein shall refer to andindicate Chicago time.

204D01.

OPTIONS CHARACTERISTICS
204D01.A. Trading Unit
The unit of trade shall be 25 metric tons.
204D01.B. Hours
The hours of trading for this contract shall be determined by the Exchange.
204D01.C. Minimum Price Increments
Minimum price fluctuations shall be in multiples of USD $0.10 per metric ton which shall equal USD$2.50 per contract. Contracts shall not be made on any other price basis.
204D01.D. Price Limits
Malaysian Palm Oil Average Price Option is not subject to any price limits.
204D01.E. Trading Schedule
The number of months in which trading may occur shall be at the discretion of the Exchange.
204D01.F. Exercise Style
The contract is cash settled European-style option. The option cannot be exercised prior toexpiration.
204D01.G. Exercise PricesTransactions and exercise of options shall be conducted for option contracts as set forth in theStrike Price Listing and Exercise Procedures Table.
204D01.H. 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 applyto 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.
204D01.I. Last Trading Day
The last trading day is the same as the final settlement day (as described in Rule 204D05.).
204D01.J. Liquidation during the Delivery Month
After trade in the contract in the current delivery month has ceased, in accordance with Rule
204D01.I., outstanding contracts for such delivery shall be liquidated by cash settlement asprescribed in Rule 204D02.

204D02.

CASH SETTLEMENT
Final settlement under these rules shall be on the final settlement day (as described in Rule204D05.) and shall be accomplished by cash settlement. Clearing members holding open positionsin the contract at the time of termination of trade shall make payment to and receive payment
through the Clearing House in accordance with normal settlement procedures based on asettlement price against the underlying average price (as described in Rule 204D03.).

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204D03.

FINAL SETTLEMENT PRICE
The final settlement price shall be determined on the final settlement day. The final settlement priceshall be determined against the cumulative average of the settlement prices for the third forward
month FCPO contract traded on the Bursa Malaysia for each trading day in the contract month
converted to USD and rounded to the nearest $0.25.
For example, final settlement for a January month of the contract would be determined against thecumulative average of the daily settlement prices for the third forward FCPO contract during themonth of January, which in this example will comprise half of the March contract and half of theApril contract, with the month roll determined by Bursa Malaysia listing and expiration cycle. Thesedaily settlement prices are converted to USD and rounded to the nearest $0.25.
Settlement prices shall be generated each CME business day using the most recent available
Bursa Malaysia prices. However, any settlement prices generated on CME business days that is
not also a Bursa Malaysia business day will not be counted toward final settlement. Additionally,
there will be no daily settlement prices generated on non-CME business days that are Bursa
Malaysia business day, but the Bursa Malaysia settlement prices generated on such days will counttoward final settlement during the last month of trade.

204D04.

FINAL SETTLEMENT DAY
The final settlement day for the contract shall be the last business day of the contract month.
However, should there be a Bursa Malaysia business day during the contract month that follows
the last CME business day of the contract month, then final settlement will be on the first CME
business day of the month following the contract month.

204D05.

DAILY SETTLEMENT PRICE
Daily settlement prices shall be determined by the Exchange based on broker quotes.

204D06.

DISPUTESAll disputes between interested parties may be settled by arbitration as provided in theRules.

204D07.

DISCLAIMER
CHICAGO MERCANTILE EXCHANGE INC. [“CME”] HAS BEEN AUTHORIZED BY BURSAMALAYSIA DERIVATIVES BERHAD TO USE BURSA MALAYSIA CRUDE PALM OIL FUTURESCONTRACT SETTLEMENT PRICES (“FCPO SETTLEMENT PRICES”) AS THE BASIS FORSETTLING THE CONTRACTTRADED ON CME AND TO REFER TO THE FCPO SETTLEMENTPRICES IN CONNECTION WITH CREATING, MARKETING, LISTING, TRADING, CLEARINGAND SETTLING THE CONTRACT. THE CONTRACT IS NOT IN ANY WAY SPONSORED,ENDORSED, SOLD OR PROMOTED BY BURSA MALAYSIA DERIVATIVES BERHAD ANDBURSA MALAYSIA DERIVATIVES BERHAD HAS NO OBLIGATIONS OR LIABILITY INCONNECTION WITH THE CREATION, MARKETING, TRADING, CLEARING, SETTLEMENTAND/OR PROMOTION OF ANY SUCH CONTRACTS. FCPO SETTLEMENT PRICES ARECALCULATED, COMPILED AND PUBLISHED SOLELY BY BURSA MALAYSIA DERIVATIVESBERHAD. HOWEVER, BURSA MALAYSIA DERIVATIVES BERHAD MAKES NOREPRESENTATIONS AND DISCLAIMS ALL EXPRESS, IMPLIED AND STATUTORYWARRANTIES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, REPRESENTATIONS ANDWARRANTIES AS TO ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY ORFITNESS FOR ANY PARTICULAR PURPOSE. TO THE EXTENT PERMITTED BY APPLICABLELAW, BURSA MALAYSIA DERIVATIVES BERHAD SHALL NOT BE LIABLE (WHETHER INCONTRACT, NEGLIGENCE OR OTHERWISE) TO ANY PERSON FOR ANY ERROR IN THEFCPO SETTLEMENT PRICES, AND BURSA MALAYSIA DERIVATIVES BERHAD SHALL NOTBE UNDER ANY OBLIGATION TO ADVISE ANY PERSON OF ANY ERROR THEREIN. BURSAMALAYSIA DERIVATIVES BERHAD SHALL UNDER NO CIRCUMSTANCES BE LIABLE FORANY TYPE OF DAMAGES (INCLUDING BUT NOT LIMITED TO, DIRECT, INDIRECT, SPECIAL,CONSEQUENTIAL, INCIDENTAL, OR PUNITIVE DAMAGES WHATSOEVER OR ANY LOSTPROFITS OR LOST OPPORTUNITY), EVEN IF BURSA MALAYSIA DERIVATIVES BERHAD HASBEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

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