Investment Procedures For Foreigners
To trade futures and options contracts listed on KRX, a foreign investor may designate custodian banks standing proxy) through custodian bank agreement and standing proxy agreement to facilitate operations related to futures and options trading.
A custodian bank as a standing proxy opens accounts at foreign exchange banks and futures companies, deposits and withdrawals investors' money and monitors investors' properties for them. A foreign investor should designate foreign exchange banks through a foreign currency exchange agreement to execute his foreign exchange transactions and transfers. Most foreign exchange banks also do custodian bank and standing proxy operations. A foreign investor should designate securities and futures companies to trade futures and options traded on KRX.
Read more about this topic: KOSPI
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