Margin Schedule

Margin Schedule 


Price Scanning Range (Outright Margin Rates)

Product Name

Product Code

Combined Commodity Code

Margin Rate

APEX RBD Palm Olein Futures

PF

PO

USD 400

APEX USD/CNH Futures

UC

UC

CNH 980

APEX Fuel Oil 380cst Futures (^)

FO

FO

USD 350

APEX Crude Palm Oil Futures (^)

CPF

CPO

USD 380


Intra-Commodity Tier Structure

Product Name

Product

Code

Combined

Commodity 

Code

Tier

Contract Month

APEX RBD Palm Olein Futures

PF

PO

1

All the contract months that have passed 

their Last Trading Days  

PF

PO

2

All contracts that are available for trading 

APEX USD/CNH Futures

UC

UC

1

All contracts that are available for trading 

APEX Fuel Oil 380cst Futures (^)

FO

FO

1

All the contract months that have passed
their Last Trading Days

FO

FO

2

All contracts that are available for trading 

APEX Crude Palm Oil Futures (^)

CPF

CPO

1

All the contract months that have passed
their Last Trading Days

CPF

CPO

2

All contracts that are available for trading 


Intra-Commodity Spread Margin


Product Name 

Product

Code

Combined

Commodity

Code

Priority

Leg A Tier

Leg B Tier

Margin Rate

APEX RBD Palm Olein Futures

PF

PO

1

2

2

USD 400

PF

PO

2

1

2

USD 800

PF

PO

3

1

1

USD 800

APEX USD/CNH Futures 

UC

UC

1

1

1

CNH 380

APEX Fuel Oil 380cst Futures (^)

FO

FO

1

2

2

USD 350

FO

FO

2

1

2

USD 700

FO

FO

3

1

1

USD 700

APEX Crude Palm Oil Futures (^)

CPF

CPO

1

2

2

USD 250

CPF

CPO

2

1

2

USD 760

CPF

CPO

3

1

1

USD 760


Inter-Commodity Spread Margin Rates and Charges

Priority

Inter-commodity Spread

Spread Credit

Delta Ratio

1

CPF:PF

50%

1:1


Delivery Charge Add-on for Front Month Contracts

Product Name

Delivery Margin

Charge

Note

Outright
Positions

Spread
Positions

APEX RBD Palm Olein

Futures

First Delivery Margin

3% of Contract Value1

Imposed on the 10th Calendar Day of
the Front Contract Month3

Second Delivery
Margin

15% of Contract Value2 
less Initial Margin and 
First Delivery Margin

Imposed on the first business day following
the last trading day

APEX Fuel Oil 380cst 
Futures 
(^)

First Delivery Margin

3% of Contract Value1

Imposed on the 25th Calendar Day of
the Front Contract Month4

Second Delivery
Margin

15% of Contract Value2
less Initial Margin and
First Delivery Margin

Imposed on the first business day following
the last trading day

APEX Crude Palm Oil 
Futures (^) 

First Delivery Margin

3% of Contract Value1

Imposed on the 10th Calendar Day of
the Front Contract Month3

Second Delivery
Margin

15% of Contract Value2
less Initial Margin and
First Delivery Margin

Imposed on the first business day
following the last trading day


NOTE:

(^) The margin rates for APEX Fuel Oil 380cst Futures and APEX Crude Palm Oil Futures will only be effective from 11th April 2019 and 18th April 2019 respectively.

(1) Based on the Daily Settlement Price of each respective contract on the preceding business day.

(2) The Contract Value is based on the Final Settlement Price for each respective contract.

(3) The immediately preceding business day if the 10th Calendar Day is not a Business Day.  

(4) The immediately preceding business day if the 25th Calendar Day is not a Business Day.