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Currency Products

US Dollar Futures

SPECIFICATION

SPECIFICATION
Underlying Asset US Dollar
Contract Size USD 10,000
Price Quotation Korean Won (KRW) per US Dollar (USD), to two decimal places
Tick Size & Value 0.1, representing a value of KRW 1,000
Contract Months Total 20 months: The first 12 consecutive months and following 8 consecutive months in the quarterly cycle (Mar, Jun, Sep, Dec)
Margin* Initial Margin Rate: 4.20%
Maintenance Margin Rate: 2.80%
Trading Hours
(Korean Standard Time)
Single Price Auction: 08:00 ~ 09:00 and 15:35 ~ 15:45
09:00 ~15:45 (Mon-Fri)
09:00 ~11:30 (Last trading day)
Last Trading Day Third Monday of the contract month
Final Settlement Day Second trading day following the last trading day
Settlement Method Physical Delivery
Daily Price Limit None
Listing Date April 23, 1999
Price Information Sources Reuters:o#KRW:
Telerate:KR@USKRyym
Bloomberg:KUA Curncy

USD Futures Margin Requirement

  • Initial Margin
    4.5% of the contract value (When USD futures price is 1100.00, it is equal to "1100.00*10,000*4.5%")
  • Maintenance Margin
    3.0% of the contract value (When USD futures price is 1100.00, it is equal to "1100.00*10,000*3.0%")