USD 0.0001 per 1,000 Korean Won (USD 1 per contract)
Up to thirteen consecutive calendar months
Last Trading Day
Trading ceases at 3:00 PM Seoul time (2:00 PM Singapore time) on
the last Korea business day of the contract expiry month. In all
cases, such other date as the Exchange specifies on its website
from time to time may apply instead.
The final settlement price will be equal to the reciprocal of the
USD/KRW spot exchange rate multiplied by 1,000 (rounded to 4
decimal places) reported by Seoul Money Brokerage Services
(“SMBS”) at approximately 3:00 PM Seoul time (2:00 PM
Singapore time) on the Last Trading Day.
ICSG will record cash settlement as of the Business Day (as defined
in the ICSG rules) which is the day on which trading has ceased in
accordance with these specifications, with such update being
effected on the following Business Day, subject in all cases to any
relevant term in ICSG’s Finance Procedures and its Rules
which may affect the timing of such payment.