To participate in the derivatives market, please follow the steps below:
STEP 1: OPEN AN ACCOUNT
1.1 Open an underlying securities trading account at PHS
If you do not yet have an underlying account at PHS, please refer to the account opening guide [Here].
1.2 Open a derivatives securities trading account (Derivatives Account) at PHS
Required documents:
- Derivatives Account Opening Contract [Here].
Notes:
- When you can deposit margin: Immediately after your Derivatives Account is successfully opened.
- When you can place orders: Immediately after your Derivatives Account is successfully opened
STEP 2: TRADE DERIVATIVES
2.1 Deposit margin
- To deposit your Derivatives Account, please see the deposit guide [Here].
- To request transferring margin to VSDC, please see the guide [Here].
2.2 Place orders
- At a Branch/Trading Office
- Via online channels: PHS Web Futures, PHS Elite Trading, please see the guide [Here].
2.3 Fulfil post-trade obligations as required by PHS
- Post additional margin.
- Pay variation losses on positions.
- Settle at expiry.
