Source Fact: Financial Supervisory Service DART / 2024-08-21
Disclosure Type: Market Action Notice for Derivatives / Notice on Stock Futures and Options Measures (Re-notice)
💡 3-Second Summary
Following the approval of Hanwha Aerospace’s corporate spin-off, the final trading day for all stock futures and options contracts (Sep 2024 – Jun 2025) has been advanced to August 28, 2024, with new contract listings suspended.
📊 1. [Key Disclosure Content & Key Figures Summary]
- Target Underlying Asset: Hanwha Aerospace (Stock Code: 012450)
- Major Derivatives Market Measures:
- Contracts Subject to Final Trading Day Modification:
- Futures: September 2024, October 2024, November 2024, December 2024, March 2025, June 2025 contracts
- Options: September 2024, October 2024, November 2024, December 2024, March 2025, June 2025 contracts
- Adjusted Final Trading Day: August 28, 2024 (Wednesday)
- New Contract Listing Action: Suspension of new contract listings following shareholder approval of the spin-off (August 14, 2024)
- Contracts Subject to Final Trading Day Modification:
- Reason for Market Action: Decision on corporate spin-off of Hanwha Aerospace (Approved at Shareholder Meeting on August 14, 2024)
- Governing Regulation: Articles 27, 37, and 155 of the Derivatives Market Business Regulations and Articles 11, 19, and 164 of the Enforcement Rules
- Other Important Notes: Details regarding the future listing of new stock futures/options for Hanwha Aerospace will be provided in subsequent notices
📈 2. [Expert Insight: What This Disclosure Means for Investors]
This filing details the market administrative measures enacted by the exchange following shareholder approval of Hanwha Aerospace’s corporate spin-off on August 14, 2024, which adjusts the expiration schedules and listing rules for related stock futures and options.
The final trading day for all existing listed futures and options expiration months ranging from September 2024 through June 2025 has been systematically moved forward to August 28, 2024. Derivatives market participants need to note the revised maturity timeline of August 28, 2024, for contract settlement and position adjustments.
📝 Editor’s Comment (by K-STOCK Editor)
The market measures for stock futures and options tied to Hanwha Aerospace have been established following the shareholder approval of its corporate spin-off. The final trading date for expiration months spanning September 2024 to June 2025 is adjusted to August 28, 2024, alongside the halting of new monthly listings.
From an analytical standpoint, the primary focus for derivatives market participants is verifying position settlements and contract expirations against the revised final trading date of August 28, 2024. Additionally, tracking future official announcements regarding the listing parameters for new post-split equity derivatives remains a key factual item.
📢 Disclaimer & Source Notice
Source: This content was newly structured and created based on official data submitted to the Financial Supervisory Service’s DART system.
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