KRX US Dollars Futures
CONTRACT SPECIFICATIONS
| KRX US Dollars Futures | |
|---|---|
| Underlying Asset | US Dollar (USD) |
| Listing Date | 23 April 1999 |
| Contract Size | USD 10,000 |
| Listed Contracts | Twelve consecutive months + eight quarterly months |
| Trading Hours |
|
| Price Quotation | KRW per USD 1, to two decimal places |
| Tick Size & Value | 0.1, representing a value of KRW 1,000 |
| Last Trading Day | Third Monday of the contract month |
| Final Settlement Day | Second business day following the last trading day |
| Final Settlement | Physical Delivery |
| Position Limits | It can be adopted when the KRX deems necessary. |
DELIVERY VERSUS PAYMENT (DVP) SETTLEMENT
| T (Last trading day) |
After 11:30 | After closing of trading of last trading day contracts, to determine and notify the final settlement price of currency futures (KRX → Clearing Members) | ||
| After 16:00 | To determine and notify the settlement details per account (KRX → Clearing Members) | |||
| T+2 (Final settlement day) |
<Buyer> | <Seller> | ||
| Before 12:00 (noon) | To deliver the settlement payment by the time set by the clearing member (Customer → Clearing Member) |
Before 12:00 (noon) | To deliver the foreign currency by the time set by the clearing member (Customer → Clearing Member) |
|
| Until 12:00 (noon) | To deliver the settlement payment (Clearing Member → KRX) |
Until 12:00 (noon) | To deliver the foreign currency (Clearing Member → KRX) |
|
| After 12:00 (noon) | To transfer the foreign currency (KRX → Clearing Member → Customer) |
After 12:00 (noon) | To transfer the settlement payment (KRX → Clearing Member → Customer) |
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