On FCPO

Long position holder MUST take delivery if they didn't close their LONG POSITION by 12p.m on 15th of the month (the last trading day for spot month contract, ie, 15th Aug for AUG 09 contract)

Short position holder MUST submit the NSR(which is issued by tank installation owner) to Bursa after delivering the oil to approved tank installation by 20th of the contract month.

The question here, our Malaysia Palm Oil Board has rules on transferring CPO so the speculator MUST have the liscen to transfer CPO in order to take or send physical oil.

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Added on September 10, 2009, 4:29 pmto trade one lot and to hold the minimum margin rate = 7250 for spot month and 7000 for forward months

An holding position overnight example when u have 7000 in ur trading account:

contract size of FCPO: 1 lot = 25tons of cpo

IF u buy one lot Nov09 contract at 2200 today and u didn't sell it off today, u will be holding the one lot overnight.

IF the closing prices of today's Nov 09 contract = 2180 and your FBR didnt force u to sell it off during auction time

u will get margin call on tomorrow morning.

The amount that you have to top up (the margin call) = (2200 - 2180) * 1 *25 = rm500

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Added on September 10, 2009, 4:34 pmvol need to hit 1000 lots and above for the particular month

This post has been edited by moody5: Sep 10 2009, 04:34 PM

DMA rates la..sure better than normal rate

or u got huge volume, then u can got these good rate too through normal brokers

for small kaki.. DMA caused around RM250 per month if i didnt remember mistakely

but u need to bear the risk of key in wrongly..hahaha

hahaha i am looking in Hong KOng market too

risk control? can work? in term of quantity and prices maybe can but what if u SELL instead of BUY?

hahaha wanted to long then turn to be short

key in buy stop and sell stop also need takut lee

are u referring to local member?

to become local participants, need to pass exams of two module (SC's module then need to pay annual fees and set up costs for the trading platform (both these i am not sure how much but it won't be less than RM10k) then after that need to put in certain amount of capital (this one will be definitely high) .. after your trade is done, still need to appoint clearing members to clear your trade.. Conclusion: HIGH COST

if you just want the flexibility to key in your trades, DMA will do..

DMA rate u can find in this thread

local member rate i am not sure..

if u got huge volume, u can bargain..