MSCI Malaysia (USD) Index Futures

Introduction

The MSCI Malaysia Index is designed to measure the performance of the large and mid cap segments of the Malaysian market. As at 30 June 2020, there are 39 constituents, the index covers about 85% of the free float-adjusted market capitalization in Malaysia. The index is calculated in a net total return form (i.e. reinvestment of net dividend payout into the index portfolio).

Uses of MSCI Malaysia (USD) Index Futures

The introduction of the MSCI Malaysia (USD) Index Futures contract aims to meet the trading and hedging needs of investors who have exposure to large and mid-cap companies in Malaysia in a cost effective manner. Asset managers and banks can make use of MSCI Malaysia (USD) Index Futures for cash equitisation and manage market, settlement and liquidity risks without cross zone trading issue.

The constituent list and vendor codes can be found in MSCI websites https://www.msci.com/constituents and https://www.msci.com/ticker-codes respectively.

The Commodity Futures Trading Commission (CFTC) has certified the MSCI Malaysia (USD) Index Futures contracts to be offered and sold to persons in the U.S

Updated 12 Aug 2020

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CONTRACT SUMMARY

Item	Contract Terms
Underlying Index	MSCI Malaysia Index
HKATS Code	MMY
Trading Currency	USD
Index Currency	MYR
Contract Multiplier	US$20 per index point
Minimum Fluctuation	0.25
Contract Months	2 nearest serial months and the following 4 quarterly months
Trading Hours	9:00am-4:30pm (T); 5:15pm-3:00am (T+1) (Expiring contract month closes at 4:30 pm on the Last Trading Day)
Last Trading Day	Last Hong Kong business day of the month. If it falls on a Malaysia public holiday, the LTD will be the preceding Hong Kong and Malaysia business day
Final Settlement Price	The average of the MSCI Malaysia Index on the LTD taken at (i) 1-minute intervals during the last 60 minutes of trading on the Bursa Malaysia Berhad before the end of the continuous trading session, and (ii) the closing index value, rounded to the nearest 2 decimal places
Transaction Costs	Exchange Fee US$1.00 Commission Levy US$0.07 Commission Rate Negotiable

Updated 18 Aug 2020

TRADING FEES AND COMMISSION

Trading Fee and Levies
Exchange Fee	US$1.00 per contract per side
Commission Levy	US$0.07 per contract per side
Investor Compensation Levy*	HK$0.00 per contract per side
Total	US$1.07 per contract per side
Commission	Negotiable
The amount indicated above is subject to change from time to time.

Updated 28 Jul 2020

Updated 12 Aug 2020