Chapter 204E
USD Bursa Malaysia Crude Palm Oil – European Low Sulphur Gasoil SpreadFutures
204E00.

SCOPE OF CHAPTER
This chapter is limited in application to USD Bursa Malaysia Crude Palm Oil – European Low
Sulphur Gasoil Spread Futures. In addition to this chapter, the contract shall be subject to thegeneral rules and regulations of the Exchange insofar as applicable.

204E01.

CONTRACT SPECIFICATIONS
204E01.A. Trading Unit
The unit of trade shall be 25 metric tons.
204E01.B. Hours
The hours of trading for this contract shall be determined by the Exchange.
204E01.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.
204E01.D. Price Limits
USD Bursa Malaysia Crude Palm Oil – European Low Sulphur Gasoil Spread Futures is not subject
to any price limits.
204E01.E. Trading Schedule
The number of months in which trading may occur shall be at the discretion of the Exchange.
204E01.F. 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.
204E01.G. Last Trading Day
The last trading day is the same as the final settlement day (as described in Rule 204E04).
204E01.H. Liquidation during the Delivery Month
After trade in USD Bursa Malaysia Crude Palm Oil – European Low Sulphur Gasoil Spread Futuresin the current delivery month has ceased, in accordance with Rule 204E01.G., outstanding
contracts for such delivery shall be liquidated by cash settlement as prescribed in Rule 204E02.

204E02.

CASH SETTLEMENT
Final settlement under these rules shall be on the final settlement day (as described in Rule
204E04.) 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 variation settlement procedures based on asettlement price equal to the final settlement price (as described in Rule 204E03.).

204E03.

FINAL SETTLEMENT PRICE
The final settlement price shall be determined on the final settlement day. The final settlement priceshall be equal to the cumulative average of the settlement prices for the third forward month FCPO
contract traded on the Bursa Malaysia Derivatives Berhad for each trading day in the contract
month converted to USD and rounded to the nearest $0.25 using the Kuala Lumpur USD/MYR
Reference Rate which appears on Thomson Reuters Screen MYRFIX02 Page at approximately
3:30 p.m. Kuala Lumpur time, Minus the cumulative average of the settlement prices for the first
nearby month ICE Low Sulphur Gasoil Futures contract for each trading day in the contract month© Copyright Chicago Mercantile Exchange, Inc. All rights reserved.

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rounded to the nearest $0.001 (using non-common pricing). The settlement prices of the first
nearby contract month will be used except on the last day of trading for the expiring ICE Low
Sulphur Gasoil Futures contracts when the settlement prices of the second nearby contracts will beused.
For example, the palm oil component of final settlement for a January contract month of thecontract would reference the cumulative average of the daily settlement prices for the third forward
FCPO contract listed on the Bursa Malaysia Derivatives Berhad contract during the month ofJanuary, which in this example will comprise half of the March futures contract and half of the April
futures contract, with the month roll determined by the Bursa Malaysia Derivatives Berhad listingand expiration cycle. These daily settlement prices for palm oil component are converted to USD
and rounded to the nearest $0.25 using the Kuala Lumpur USD/MYR Reference Rate. The gasoil
component of final settlement for a January USD Bursa Malaysia Crude Palm Oil – European Low
Sulphur Gasoil Spread Futures contract would reference the cumulative average of the daily
settlement prices for the first nearby ICE Low Sulphur Gasoil futures contract during the month ofJanuary, which in this example will comprise half of the January futures contract and half of theFebruary futures contract, with the month roll determined by the ICE Futures Europe listing andexpiration cycle. These daily settlement prices for the gasoil component are rounded to the nearest$0.001.

204E04.

FINAL SETTLEMENT DAY
The final settlement day shall be on the last CME business day of the contract month. However,should there be a Bursa Malaysia Derivatives Berhad or an ICE Futures Europe business day
during the contract month that follows the last CME business day of the contract month, then final
settlement shall be on the first CME business day of the month following the contract month.

204E05.

RESERVED

204E06.

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 INCONNEC+TION 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.

© Copyright Chicago Mercantile Exchange, Inc. All rights reserved.

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