Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Following Hanwha Aerospace’s rights offering decision, the Korea Exchange has announced scheduled market adjustments for Hanwha Aerospace equity futures and options—including base price, contract multiplier, and strike price adjustments—effective on the ex-rights date, April 23, 2025.
📊 [Key Disclosure Contents & Major Financial Figures]
1. Overview and Reason for Adjustment
- Underlying Asset: Hanwha Aerospace
- Reason for Adjustment: Rights offering decision by Hanwha Aerospace (March 20, 2025)
- Effective Date (Ex-Rights Date): April 23, 2025 (Wed)
- Governing Rules: Articles 25, 30, 35, 62, and 70 of the Derivatives Market Business Regulations and related enforcement rules
2. Detailed Market Measures Plan
- Base Price Adjustment: Applies to all contract months for futures and options (Adjusted Base Price = Unadjusted Base Price × [Adjusted Reference Price of Underlying Share ÷ Closing Price on the Day Before Ex-Rights Date])
- Contract Multiplier Adjustment:
- Futures: Series with open interest at the close of trading on April 22, 2025
- Options: All contract months
- Calculation Method: Adjusted Multiplier = Unadjusted Multiplier × (Closing Price on the Day Before Ex-Rights Date ÷ Adjusted Reference Price of Underlying Share)
- Options Strike Price Adjustment: Applies to all contract months (Adjusted Strike Price = Unadjusted Strike Price × [Adjusted Reference Price of Underlying Share ÷ Closing Price on the Day Before Ex-Rights Date])
- Special Listing of Options Strike Prices: New options series with standard multiplier 10 per contract will be listed to distinguish from adjusted multiplier series
- Delisting of Futures Spreads: Futures spread contracts with differing multipliers between near-month and far-month contracts will be delisted
3. Other Key Points
- Final detailed adjustments will be published on the day preceding the ex-rights date (April 22, 2025).
- The schedule and adjustment details remain subject to change based on the progress of the underlying rights offering.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Finalized Derivatives Market Adjustment Announcements
This disclosure outlines prospective adjustments to equity futures and options contracts to reflect the stock price adjustment stemming from the rights offering ex-rights date. Checking the finalized market measure details released on April 22, 2025 (the day prior to the ex-rights date) is important for confirming the exact calculated multipliers and adjusted reference prices. Relevant updates can be verified through subsequent market operational notices issued on the Korea Exchange (KRX) derivatives market portal.
📢 Disclaimer and Source Notice
Source: This content was newly generated and structured based on official data filed with the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
Investment Risk Warning: This material is provided for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific securities. All investment decisions and financial responsibilities rest entirely with the investor.
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