Nov. 22, 2008 EST 12:22 Fri China 01:22 Sat Korea 02:22 Sat
 
 09:00 ~ 11:30 and 13:30 ~ 15:00
 (Beijing Time)
 09:00 ~ 15:15 (KST)
  E-mail : info@fonet.co.kr
  TEL : 82-2-6295-2518
 
 
Margin (KOSPI200 Futures & Options)
Preliminary Margin : KRW 15 million
A preliminary margin for Kospi futures is the minnum deposit to open A/C to initate trading



Preliminary margin can be substituted by securities.(Bonds, Stocks)

Posting the value of substitute securities

Securities Value
Government bond, Municipal bond & Financial Debenture of Govt.
85~90% for market value
Corporate bond 75~90%
Stocks traded on Korea Exchange & KOSDAQ
70%
 
Initial Margin
KOSPI200 Futures : 15% of the full value of contracts
 
KOSPI200 Options
: Margin Requirement for Buyer : None
Margin Requirement for Seller : Lager of the following two amounts
   
(MaxMaximum theoretical price obtained from bracketing the closing Kospi200 value from the previous day by +/-15% - the previous day's options close) * order quantity * KRW100,000
   
(Closing KOSPI200 value from the previous day adjusted by applying 25% of 15% price fluctuation) * order quantity * KRW 100,000
 
Maintenance Margin
Kospi200 Futures, Kospi200 Options sellers : 10% of the full value of outstanding
contracts
 
Chinese Futures Rankings
ID Return Nation
ENBIGS Building 8F, 14-3 Yoido-Dong, Youngdeungpo-Gu, Seoul, Korea, 150-871
FONET Corp.
 
Futures, Options and FX Network.     Tax ID# : 214-86-49149      DUNS# : 68-875-2257