|Underlying Asset||KOSPI 200 Index|
|Contract Size||KOSPI 200 Index times KRW 250,000|
|Tick Size & Value||0.05 point, representing a value of KRW 12,500|
|Contract Months||March, June, September and December|
|Margin*||Initial Margin Rate : 8.1%
Maintenance Margin Rate : 5.4%
(Korean Standard Time)
|Single Price Auction: 08:00 ~ 09:00 and 15:35 ~ 15:45
09:00 ~15:45 (Mon-Fri)
09:00 ~15:20 (Last trading day)
|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||±8%/±15%/±20% of the previous closing price|
|Circuit Breakers||When the lead month contract hits ±5% of the previous closing price for 1 minute, and the difference between the current price and the theoretical price is ± 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 KOSPI falls 10% or more from the previous closing value and this continues for one minute or longer|
|Listing Date||May 3, 1996|
Preliminary margin for Kospi futures is a deposit established by a customer with a member firm.
The customer should deposit at least more than the preliminary margin either before the first order since the account open, or
before a new order placed after the noon of the following business day after closing all open positions. Preliminary margin can be
substituted by usable securities.
|Government bond, Municipal bond
& Financial Debenture of Govt.
|85~90% for market value|
|Stocks traded on Korea Exchange