Preliminary Contract Specifications

Preliminary contract specifications for the Eurex KOSPI Product are:

Preliminary contract specifications for the Eurex KOSPI Product are:
Underlying	The relevant option series of KOSPI 200 Options listed at KRX, which is determined by option class (call or put), expiration and strike.
Contract Size	One contract of the relevant series
Price Quotation	In points with two decimal places.
Minimum Price Change	0.05 points (KRW 5,000) when price is quoted at or above 3 points 0.01 points (KRW 1,000/EUR 0.65) when price is quoted below 3 points.
Contract Term	One trading day
Settlement	Variation margin on Eurex at the end of the trading day and physical delivery via position establishment in KOSPI 200 Options on the following trading day on KRX prior to its market opening
Daily/Final Settlement Price	Equal to the daily settlement price for KOSPI 200 Options in the previous trading session of the same trading day on KRX. The cash flow resulting from the variation margin will be paid/received in KRW at a correspondent bank account in Korea.
Last Trading Day	Every day, if a trading day at both Eurex and KRX
Trading Hours	09:00-21:00 CET