US Dollar Futures
US Dollar Futures
Underlying Asset US Dollar
Contract Size USD 10,000
Contract Months The First 12 consecutive month plus the next 8 month in the quarterly cycle March, June, September, December
Trading Hours 09:00 ~ 15:45 (09:00 ~ 11:30 on the last trading day)
Price Quotation KRW per USD 1, to two decimal places
Tick Size & Value 0.1, representing a value of KRW 1,000
Last Trading Day Third Monday of the contract month
Final Settlement Day Second day following the last trading day
Final Settlement Physical Delivery
Position Limit It can be adopted when the KRX deems necessary
Listing date April 23, 1999
Delivery Versus Payment Settlement of Currency Futures
Delivery Versus Payment Settlement of Currency Futures
T
(Last trading day)
After 11:30 After closing of trading of last trading day contracts, to determine and notify the final settlement price of currency futures (KRX → Clearing Members)
After 16:00 To determine and notify the settlement details per account (KRX → Clearing Members)
T+2
(Final settlement day)
<Buyer> <Seller>
Before 12:00 (noon) To deliver the settlement payment by the time set by the clearing member
(Customer → Clearing Member)
Before 12:00 (noon) To deliver the foreign currency by the time set by the clearing member
(Customer → Clearing Member)
Until 12:00 (noon) To deliver the settlement payment
(Clearing Member → KRX)
Until 12:00 (noon) To deliver the foreign currency
(Clearing Member → KRX)
After 12:00 (noon) To transfer the foreign currency
(KRX→Clearing Member → Customer)
After 12:00 (noon) To transfer the settlement payment
(KRX→Clearing Member → Customer)
Content Manager
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