Listing of the Eurex/KRX Link product
Eurex members: must have a business relationship with at least one KRX member to facilitate the delivery of the Eurex/KRX Link product. KRX members: open an account with at least one Eurex member to facilitate outbound orders from Korea to trade the Eurex/KRX Link product
Eurex members trade the product at Eurex by indicating the KRX member and the ID account number of the final beneficiary into the respective dedicated field along with the order. KRX members trade the Eurex/KRX Link product through Eurex members
Margining: Intra-day margin in one of the Eurex clearing currencies (EUR/CHF/USD/GBP)
Clearing: Payment/Receipt of variation margin in KRW at a Korean settlement bank by KST 15:00 (CET 07:00 or 08:00*)
Settlement information transfer on a final beneficiary basis from Eurex Clearing to KRX
Settlement information transfer from KRX to the respective KRX members
Margin check & entry of the settlement information into the KRX system...