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US Dollar Futures

SPECIFICATION

Underlying Instrument

US Dollars

Trading Unit

USD $50,000 Dollars

Price Quotation

Korean Won(KRW) per US Dollar(USD),to two
decimalplaces

Minimum Price Fluctuation

0.1 or a value of KRW 5,000 per tick

Contract Months

The first three consecutive months (two serial expirations and one quarterly expiration) plus next three months in the quarterly cycle( March, June, September and December)

Number of Contracts Iisted

6 contract months

Margins

Initial Margin Rate : 3%
Maintenance Margin Rate :2%

Daily Price Limit

None

Position Limit

It can be adopted when KOFEX determines to be necessary

Last Trading Day

Third Monday of the contract month

Final Settlement Day

Second trading day preceding the last trading day

Settlement Method

Delivery settlement

Trading Hours
(Korean Standard Time)

Mon-Fri: 09:00 ~ 15:05, 15:05 ~ 15:15(SPA)
Last trading day: 09:00 ~ 11:20, 11:20 ~ 11:30(SPA)

Trading Method

Electronic trading

Listing Date

April 23, 1999

Price Information Sources

Reuters:o#KRW:
Telerate:KR@USKRyym
Bloomberg:KUA Curncy
Internet: http://www.kofex.com