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STAR Index Futures

 

SPECIFICATION

Underlying Asset

KOSTAR Index

Trading Unit

One contract

Contract Months

March, June, September and December

Trading Hours

09:00~15:15(Mon.-Fri.) 09:00~14:50(Last trading day)

Multiplier

KRW 10,000

Tick Size & Value

0.50 point, representing a value of KRW 5,000

Last Trading Day

Second Thursday of the contract month

Final Settlement Day

The following day of the last trading day

Settlement Method

Cash settlement

Daily Price Limit

10% of the previous closing price

Position Limit

Net position of 5,000 contracts

Circuit Breakers

- When the lead month contract hits ¡¾6% of the previous closing price for 1 minute, and the difference between the current price and the theoretical price is ¡¾ 3% or more, the trading of all contracts are halted for next five minutes. For the next ten minutes following the cooling-off period, orders are collected and then matched at a single price. As well, the futures and options markets are automatically suspended if the stock market is halted. Trading in the stock market is halted for twenty minutes if the KOSDAQ falls 10% or more from the previous closing value and this continues for one minute or longer

Listing date

7 - November - 2005