CME Group Korean Won

Korean Won Futures 	Korean Won Futures 	Korean Won Futures
Contract Unit 	125,000,000 Korean won 	125,000,000 Korean won
Trading Hours 	CME Globex: 	Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday – closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation	$.0000001 per Korean won increments ($12.50/contract). 	$.0000001 per Korean won increments ($12.50/contract).
Product Code 	CME Globex: KRW
CME ClearPort: KRW
Clearing: KRW 	CME Globex: KRW
CME ClearPort: KRW
Clearing: KRW
Listed Contracts 	Thirteen consecutive calendar months plus 2 deferred March quarterly cycle contract months 	Thirteen consecutive calendar months plus 2 deferred March quarterly cycle contract months
Settlement Method 	Financially Settled 	Financially Settled
Termination of Trading 	Trading terminates on the second Seoul business day prior to the third Wednesday of the contract month at 3:30 p.m. Seoul local time.	Trading terminates on the second Seoul business day prior to the third Wednesday of the contract month at 3:30 p.m. Seoul local time.
Settlement Procedures 	KRW/USD Futures Settlement Procedures 	KRW/USD Futures Settlement Procedures
Position Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 271 	CME 271
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Korean Won Options 	Korean Won Options 	Korean Won Options
Contract Unit 	Futures contract for 125,000,000 Korean won 	Futures contract for 125,000,000 Korean won
Minimum Price Fluctuation	0.0000001 per Korean won = $12.50 	0.0000001 per Korean won = $12.50
Trading Hours 	CME Globex: 	Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Trading Hours 	CME CLearport: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code 	CME Globex: KRW
CME ClearPort: KRW
Clearing: KRW 	CME Globex: KRW
CME ClearPort: KRW
Clearing: KRW
Listed Contracts 	Monthly contracts listed for 12 consecutive months 	Monthly contracts listed for 12 consecutive months
Settlement Procedures 	Option on cash-settled futures contract 	Option on cash-settled futures contract
Termination of Trading 	Trading terminates at 3:30 p.m. Seoul Time on the second Korean business day prior to the third Wednesday of the contract month, (12:30 a.m. winter or 1:30 a.m. summer CT). 	Trading terminates at 3:30 p.m. Seoul Time on the second Korean business day prior to the third Wednesday of the contract month, (12:30 a.m. winter or 1:30 a.m. summer CT).
Position Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 271A 	CME 271A
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Exercise Style 	European 	European
Settlement at Expiration 	Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options, in the absence of contrarian instructions delivered to the Clearing House by 6:30 p.m. ET on the day of expiration, are automatically exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month.	Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options, in the absence of contrarian instructions delivered to the Clearing House by 6:30 p.m. ET on the day of expiration, are automatically exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month.
Settlement Method 	Deliverable 	Deliverable
Underlying 	Korean Won Futures 	Korean Won Futures
== Notes ==
CME Group also offers European, weekly, and weekly European options with the underlying instruments Korean Won futures. For more contract specification, please refer to Korean Won Options Contract Specification 
== Resources ==
*CME Group Korean Won Contract Specifications
*KRW/USD Futures Settlement Procedures
*CME Position Limits
*CME 271
*Block Minimum Thresholds
*Price Limits
*Quote Vendor Symbols Listing
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