TRF

2016 11 25

1

TRF

TRF

2

(Target Redemption ForwardTRF)(Options)XXX

TRF1,0002,000

20146.036.156.3

3

TRF100()

(6.15)(6.3)(2)(6.03)

6.156.36.3TRF(EKI)6.32

4

TRF

5

/

A

B

2014/1/21

1,000,000

6.1500

1 6.3000

2 6.0366

TRF

:1115

:

:

:

:30

:2006 ISDA & 1998 FX and Currency Options Definitions

:B

TRF

:30

TRF

9

10

312

313

314

10

11

()

(call)

(put)

11

12

(American Style)

(European Style)

12

13

(buy) (call)

(sell) (put)

13

14

14

(Premium)

15

(Margin) 15

TRF

TRF

1(Put)

2(Call)

TRF TRF

1(Put) 2(Call)

-(2014/1/21)

:

77% 23%

A 0 - 5

A 0 - 6 0 0

A 2 1 7 , 0 2 0

20144~6 1.9TRF 2. 3.TRF 4. 20152~7 1.16 2.

19

4TRF

201510~20161 1.9TRF 2.50001 3.3.6 4.12TRF 5. 20161-3 1.TRF193 2.6.66.76.813

4TRF

20

3.TRFTRF

4.TRF

5.

21

22

23

-

-

-

-

-

-

24

1. 31-

2.-

1.

2.

3.-

25

1.

2.2015.06.02

3.

4.

5.

6.

7.

8.

26

1.

2.

3.

4.

27

KYCsuitability

KYP

KYE

28

wholesaleretail

29

1.

2.

30

2015.06.0210450001700

1.

2.

3.

4.

5.

6.

7. Bank 3.0

8.

31

()

()

32

(2)

3

(Swap)

(Plain vanilla option)

33

(3)

1.

2.5,000

34

3.3

13,0003001,5003,000

2

3

4.23

(3)

35

()

36

1.

2. ()

-

1.

2.Term Sheet

3.

37

1.

2.

38

(1).

(2).67

(3).

39

1

40

_()

-ISDA(23)

-(ISDA)

41

()

(34)

1.

2.(26)

1.

2. (34)

42

43

Bank 3.0

(KYC)()

44

-

45

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

46

1.

2.

3.

4.

5.

6.

7.

47

1.

2.(marktomarket)

3.

48

-

-(20)

49

1.

2.KYC

3.

4.

5.

50

TRF

6.

7.TRF

8.TRF

51

9.

10.DM

11

52

Treasury Marketing Unit

2. 3. 4. 5. 6.

53

54

55