The court also ruled that a German investor who sold a block of UBS shares that the bank bought ahead of the shareholders'meeting in a forward transaction was allowed to vote the shares.
22.
The Maeil Business Newspaper said the central bank aims to use forward transactions to protect the won without depleting its foreign exchange reserves, betting the trade picture will improve before it has to settle the contract.
23.
In its July 16 ruling, the Zurich court said a German investor who had sold a block of UBS shares to the bank in a forward transaction ahead of the meeting was allowed to vote the shares.
24.
Including outstanding forward transactions, the foreign currency assets held in the Exchange Fund were US $ 75.6 billion at the end of December, compared with US $ 79.5 billion at the end of November, while assets held in the Land Fund were US $ 17.6 billion, compared with US $ 17.4 billion.
25.
Including outstanding forward transactions, the foreign currency assets held in the Exchange Fund were US $ 75 . 6 billion at the end of December, compared with US $ 79 . 5 billion at the end of November, while assets held in the Land Fund were US $ 17 . 6 billion, compared with US $ 17 . 4 billion.
