Futures & Options Guide
Commodity Products_Mini Gold Futures
Mini Gold Futures
| Underlying Asset | Fine gold bar(99.99% pure) |
|---|---|
| Contract Size | 100g |
| Listed contracts | The first two consecutive months, and any February, April, June, August, October, December falling within a 11 month period |
| Tick size | KRW10/g |
| Last trading day | The third Wednesday of the contract months(T) |
| First trading day | The second business day counting from the last trading day(T+1) |
| Final settlement day | The third business day counting from the last trading day(T+2) |
| Trading hours | 09:00~15:15 |
| Quotation receiving hours | 08:00~15:15 |
| Price Quotation | Korea Won per gram |
| Price limit | Base price ± (Base price×9%) |
| Calendar spread | - Spread contracts 1) Nearest month+2nd nearest month 2) Nearest month+3rd nearest month 3) Nearest month+4th nearest month 4) Nearest month+5th nearest month 5) Nearest month+6th nearest month 6) Nearest month+Farthest month - Limit order only - Trading hours : 09:00 ~ 15:05 |
| Margin requirement | - Member&Maintenance margin rate : 5% - Customer margin rate : 7.5% |
| Position Limit | 3,000 contracts |
| Order Limit | 1,000 contracts |
| Final settlement price* | London Gold Fixing price ×1/31.1035(troy ounces to grams conversion) ×KRX/USD exchange rate (on the last trading day) |
| Settment type | Cash settlement |
| Listing date | September 13. 2010 |
| Rules&Regulations related | Chapter V. Commodity Futures, Part II Listed Products of the Derivatives Market Business Regulation and Chapter IV. Commodity Futures, Part II Listed Products of the Enforcement rules of the Derivatives Market Business Regulation |
- For the detail information, refer to 「 The rule §60. Final Settlement」 of the Derivatives Market Business Regulation.
- Contents Manager :
- Derivatives Market Division/Financial Derivatives Development & Regulations/Jin-Woo Choi(051-662-2804)
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