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SPECIFICATION
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Underlying Instrument
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Fine gold bar (99.99% pure)
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Trading Unit
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1 Kg(1,000g)
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Price Quotation
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Korean Won(KRW) per gram
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Minimum Price Fluctuation
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10 or a value of KRW 10,000 per tick
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Contract Months
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Six even-numbered months
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Number of Contracts Iisted
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6 contract months
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Margins
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Preliminary Margin : KRW 1,000,000
Initial Margin Rate : 7.5% (Around KRW 825,000)
Maintenance Margin Rate : 5% (Around KRW 550,000)
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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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Final Settlement Day
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Last business day of the contract month
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Last Trading 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#GOLD:
Telerate:KR@GDyym
Bloomberg:KLA Comdty
Internet: http://eng.krx.co.kr/index.html
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