Olein Futures Contract Specification

Contract size	20 metric tons
Delivery Months	Current and the next 5 consecutive months, such that there are always six months available.
Price quotation	Indonesian Rupiah/kg (including VAT)
Minimum Price Fluctuation	Rp 5 /kg (including VAT)
Daily Price Limits	Rp.150 /kg above or below the previous settlement price. Price limits will apply to all quoted months except for the current month
Trading Hours	Western Indonesian Time, on each business day 09:30 – 17.30
Transactions at Settle	· Transactions at settle commence everyday at 17:45 to 18:00 · Quotations will be made according to the settlement of that day
Exchange Futures for Physical (EFP)	· Transaction in which one party buys cash market products and sells futures contracts while the opposite party sells the cash market products and buys futures contracts. · EFP permits transfer of different grades such as : Crude Palm Oil (CPO), Refined Bleached and Deodorized Palm Oil (RBDPO) and Refined Bleached and Deodorized Stearin (RBD Stearin) · The quantity of the commodity do not have to be the same with futures contract but similar to the value of the futures contract.(with a premium, discounted or multiplied by ratios)
Last Trading Day	A Contract month expires at 18:00 on the 15th of the month or, if the 15th is a non-business day, the next business day
Notice Date	5 (five) business days prior to the 15th of the current month or, if the 15th is a non-business day, the next business day
Notice of Allocation	Before the 1st trading session of the first business day following the Notice Date
Last Delivery Date	Two (2) business days after the Notice Date
Contract Grade	Grade MARKET Free Fatty Acids < 0,15% AOCS Method Ca 5a-40 Moisture & Impurities < 0,1% AOCS Method Ca 2b-38 AOCS Method Ca 3a-46 Iodine Value (WIJS) > 56 AOCS Method Cd 1d-92 Color Red (Lovibond 5,25Inch) < 4 Red AOCS Method Cc 13b-45 Slip Melting Point < 24 ^oC AOCS Method Cc 1-25 Cloud Point 10,75 ^oC
Delivery Points	Tank Installations approved by the Exchange at the option of the seller located in Jakarta and Surabaya and other cities appointed by the Exchange
Deliverable Unit	20 metric tons net, plus or minus not more than 2 %
Reportable Positions	150 lots or more net long or net short, in all contract months combined
Speculative Position Limit	500 lots net long or net short in any one contract month or in all contract months combined

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Olein Futures Contract Specification

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