Contract | Parameters |
---|---|
Contract Symbols | DUSDKRW |
Underlying | US Dollar |
Contract Size | USD 50,000 |
Trading Currency | Korean Won (KRW) |
Settlement Currency | US Dollars (USD) |
Price Quote | KRW for 1 USD (e.g. KRW 1114.1 / 1114.2 Per 1 USD) |
Minimum Tick Size | 0.1 KRW |
Tick Value | 5000 KRW |
Trading Days | Monday through Friday |
Trading Hours | 07:00 – 23:55 Hours Dubai time (GMT+4) |
Trading Months | Twelve Monthly Contracts, at the outset first three serial months Contracts shall be available for trading. |
Last Trading Day | The preceding Monday of the third Wednesday of the contract month except where that day is a bank holiday in either Dubai or Seoul, in which case the Last Day of Trading shall be the preceding Business Day that is not a bank holiday in either Dubai or Seoul |
New Contract Listing | Business Day immediately following the Last Day of Trading |
Daily Variation Margin (VM) payment | From Trading Currency to Settlement Currency |
Final VM payment | From Trading Currency to Settlement Currency |
Final Cash Settlement Price Basis | Based on the USD-KRW fixing issued by KFTCC determined by SMBSL, issued between 9.00 AM and 3.30 PM Seoul Time |
Settlement basis | Cash |
Daily Price Movement Limit | No price limit (for the avoidance of ‘fat finger’ errors price band shall be 10 KRW from previous settlement price e.g. if previous settlement price is KRW 1114.1/US$ then the price band is from 1104.1 to 1124.1)) |
Maximum Order Size | 500 lots for Banks and Institutions promoted by Banks |
Initial Margin based on SPAN | The Initial Margin will be denominated in KRW and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/KRW to display Initial Margin Utilization in USD terms. |
Indicative VM | Indicative VM on EOS-Clear will be displayed in USD as per the prevalent spot market rate for USD/KRW |
Calendar Spread Benefit | 100% Calendar Spread benefit |
Extra Margin | At times of high volatility, an extra margin, as deemed fit by the DCCC, may be charged |
Delivery Period Margin | Not applicable |
Spot rate | Shall be taken from available market data sources like Bloomberg and Reuters. |