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SPECIFICATION
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Underlying Instrument
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US Dollars
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Trading Unit
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USD $50,000 Dollars
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Price Quotation
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Korean Won(KRW) per US Dollar(USD),to two
decimalplaces
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Minimum Price Fluctuation
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0.1 or a value of KRW 5,000 per tick
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Contract Months
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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)
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Number of Contracts Iisted
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6 contract months
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Margins
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Initial Margin Rate : 3%
Maintenance Margin Rate :2%
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Daily Price Limit
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None
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Position Limit
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It can be adopted when KOFEX determines to be necessary
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Last Trading Day
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Third Monday of the contract month
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Final Settlement Day
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Second trading day preceding the last trading day
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Settlement Method
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Delivery settlement
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Trading Hours
(Korean Standard Time)
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Mon-Fri: 09:00 ~ 15:05, 15:05 ~ 15:15(SPA)
Last trading day: 09:00 ~ 11:20, 11:20 ~ 11:30(SPA)
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Trading Method
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Electronic trading
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Listing Date
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April 23, 1999
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Price Information Sources
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Reuters:o#KRW:
Telerate:KR@USKRyym
Bloomberg:KUA Curncy
Internet: http://www.kofex.com
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