Contract Code CPOTR
Price Quotation Free‐on‐board (FOB) prices of Crude Palm Oil (CPO) at Dumai and Belawan quoted in Indonesia Rupiah, exclusive Value Added Tax.
Contract Size 10 Metric Ton (1 Lot)
Tick Size Rp. 5 per Kilogram (Rp. 50,000 per Lot)
Contract Months 12 Consecutive Months
Trading Period Monday – Friday

09.30 – 17.00

Last Trading Day 5:00pm on the fifteenth (15th) calendar day of the spot contract month or if the fifteenth (15th) calendar day is not a Trading Day, then the Trading Day immediately preceding the fifteenth (15th) calendar day. All open positions shall be settled by way of Settlement-to-Market.
Settlement-to-Market Buyers and Sellers intending delivery shall elect :

(1) Exchange‐for‐Physical (EFP); or

(2) Alternative Delivery Procedure (ADP).

Failing which, all open positions shall be cash settled against the Final Settlement Price.

Daily Settlement Price The Daily Settlement Price for each open contract will be determined by the simple average of FOB prices (omitting the highest and lowest prices) of each respective contract month, and market fundamentals.
Final Settlement Price The Final Settlement Price shall be based on the Last Trading Day’s Daily Settlement Price
Daily price Limit +/‐ 10% from previous Daily Settlement Price with 15 minutes Cooling Off Period to be followed with an expanded maximum limit of 15% above or below the settlement prices of the previous Daily Settlement Price of the relevant contract month.
Positions Limit 8,000 lots for all Contract Months Combined

5,000 lots for any individual Contract Month

MARGINS
Initial Margin* 10%
Extra Margin* In case of additional volatility, a special margin of such other percentage, as deemed fit by the Exchange, will be imposed immediately in respect of all outstanding positions
DELIVERY MARKET
Delivery Points Dumai (CPOTRDUM)

Belawan (CPOTRBLW)

Other ports (to be confirmed)

Minimum Deliverable Unit 1 lot (10 Metric Ton)
Delivery Market Price Quotation The CPO price in the Delivery Market shall be in Indonesia Rupiah Franco Buyer’s Tank at Designated Ports inclusive of Value Added Tax (VAT).
Delivery Market Margin 30%
Deliverable Quality 1. Free Fatty Acid ‐ 4.5% maximum based on in tank’s sample;
2. Moisture and Impurities 0.5% maximum.
Designated Tanks 1. Franco Dumai (including Pelintung & Lubuk Gaung) Indonesia

2. Franco Belawan , Indonesia

3. Other tanks (to be confirmed)

Delivery Terms Upon conclusion of a trade, Seller shall deliver CPO into Buyer’s Tank within fourteen (14) days
Payment Terms Buyer pays contract value in cash plus VAT (except delivery Within Bonded Tank) within T+2.

Seller receives payment next business day after Clearing House receives confirmation of Buyer’s Acceptance Certificate.

Compensation for Late Delivery of Crude Palm Oil by Seller Day 1 ‐ 1.0% of Deliverable Quantity Value

Day 2 ‐ 1.0% of Deliverable Quantity Value

Day 3 ‐ Delivery Default. Penalty applies

Penalty for Delivery Default 10% of either the Contract Value or the current market price (determined solely by the Exchange), whichever is higher. In addition to the Penalty above, all costs and expenses incurred by Clearing House in making good the contract of the defaulting party shall be fully borne by the defaulting party.

Symbol

Description

OLEINTR

OLEINTR MMYY

Trading
Price Quote Quote in Indonesia Rupiah per kilogram (exclusive value added tax)
Contract Size 10 Metric Ton (10.000 kilogram)
Tick Size Rp. 5 per Kilogram (Rp. 50,000 per Lot)
Trading Months 12 (twelve) Consecutive Months
Trading Period Monday – Friday
Trading Hours 09:30 AM – 17:00 PM Jakarta Time
Last Trading Day A contract month expires at 17:00 wib on the 15th of the month, if the 15th is a non-market day, then the preceding market day.
Daily Settlement Price The Daily Settlement Price for each open contract will be determined by the simple average of Ex-Tank RBD Palm Olein prices (omitting the highest and lowest prices) of each respective contract month, and market fundamentals.
Final Settlement Price Average of Daily Settlement Price from 5 (five) days to Last Trading Day Settlement Price.
Daily price Limit ± 10% from previous Daily Settlement Price with 15 minutes Cooling Off Period to be followed with an expanded maximum limit of 15% above or below the settlement prices of the previous Daily Settlement Price of the relevant contract month.
Positions Limit 1,000 Lot for combination of all Trading Months

300 Lot for 1 (one) Trading Month

MARGINS
Initial Margin* 10%
Variation Margin* In case of additional volatility, a special margin of such other percentage, as deemed fit by the Exchange, will be imposed immediately in respect of all outstanding positions
PHYSICAL DELIVERY
Delivery Points
  1. Jakarta
  2. Surabaya
  3. Semarang
Delivery Specification 5 (five) days prior to the expiry date of Contract, seller has the option to send the Physical Delivery Notification Form to the Clearing House
Minimum Deliverable Unit 2 lot (20 Metric Ton) or for every accumulation
Quantity Difference +/- 2%
Delivery Price Quotation The RBD Palm Olein price in the physical Delivery Market shall be in Indonesia Rupiah Seller’s Ex-Tank at Designated Ports inclusive of Value Added Tax (VAT).
Spot Month Margin 30%
Deliverable Quality
  1. Free Fatty Acid maximum 0.1% (based on sample tank)
  2. Moisture and impurities maximum 0,1%
  3. Lodine Value (Wijs) minimum 56
  4. Melting Point maximum 24⁰C;
  5. Color (5 ¼” Lovibond Cell) maximum 4 Red.
Delivery Ports
  1. Jakarta
  2. Semarang
  3. Surabaya
Delivery Terms In accordance with the trading terms, Buyers are required to take the Physical RBD Palm Olein from Seller’s tank maximum of 15 (fifteen) calendar days.
Payment Terms Buyer pays contract value in cash within T+2 from trading date.
Seller receives payment at the least 15 (fifteen) calendar days after Buyer receives RBD Palm Olein.
Compensation for Late Delivery of RBD Palm Olein By Seller Day 1 – 1.0% of Deliverable Quantity Value or difference of the Delivery Contract Value with the quantity has been received.

Day 2 – 1.0% of Deliverable Quantity Value or difference of the Delivery Contract Value with the quantity has been received (cumulative from Day-1 of delay).

Day 3 – Delivery Default. Penalty applies.

Penalty for Delivery Default 10% of Deliverable Quantity Value or difference of the Delivery Contract Value with the quantity has been received, that is fully paid to the Clearing House for the purpose of the Clearing House responsibility to party at loss (cumulative from Day-1 of delay). In addition to the Penalty above, all costs and expenses incurred by Clearing House in making good the contract of the defaulting party shall be fully borne by the defaulting party.
Closing of Futures Contract At the expiry date of Futures Contract, all position which is not involved with the Physical Delivery of RBD Palm Olein must be closed with Final Settlement Price that will be announced later by the Exchange.