Chinese Yuan Futures
Chinese Yuan Futures
Underlying Asset Chinese Yuan (CNH/KRW)
Contract Size CNH ¥ 100,000
Contract Months Total 8 (1month, 2months, 3months, 4months, 5months, 6months, 9 months and 12 months)
Trading Hours 09:00 ~ 15:45 (09:00 ~ 11:30 on the last trading day)
Price Quotation KRW per CNH ¥1, to two decimal places
Tick Size & Value 0.01, representing a value of KRW 1,000(identical to current CNH/KRW spot market)
Last Trading Day Third Monday of the contract month
Final Settlement Day Second business day following the last trading day
Final Settlement Physical Delivery
Position Limit It can be adopted when the KRX deems necessary
Listing date October 5, 2015
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 last trading day contracts, to determine and notify the final settlement price of currency futures (KRX → Clearing Members)
After 16:30 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
  • Financial Derivatives Operations 051-662-2662