Chinese Yuan Futures GLOBAL PREMIER EXCHANGE

Chinese Yuan Futures

Underlying Asset	Chinese Yuan (CNH/KRW)
Contract Size	CNH 100,000
Listed Contracts	Six consecutive months + two quarterly 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

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)