[Korea goyounghun financial newspaper reporter] sets out on the Korea Exchange System Improvement for market participants to expand the bond market.
The Korea Exchange said that 22 days effective from the coming 27 days arc bracket, separation payment scheme and a new evaluation system for the corporate bond market, creating the trust.
Recent rise in bond market securities General of the specified money trusts, and it explains the support measures for water Repo transaction date. The scheme, including the self-trust, brokerage by trading, clearing and settlement process should provide support mutual information exchange between the blocking service, unique trust trader.
Securities has risen to 179 trillion won is specified money trusts 140 trillion won in 2014 from the 70 trillion won in 2011, in September last year. This is expected to automate back-office tasks in accordance with the intestinal bond purchases and sales of securities and cash trusts improve the quality of services for its members. Also it said it will increase the efficiency of the money in trust securities and asset management through a bond Repo brokerage affordable intestinal transaction costs than over-the-counter market.
It also improves bond trading performance assessment to facilitate the flow of corporate funds, including procurement, improve hwangeumseong investors, and corporate bonds. The number of stocks in the market making this reorganization is expanding, creating a corporate credit rating requirements laid and is a revised assessment Scoring for creating corporate earnings.
Market composition can also be expanded to 15 events in 10 sports events, and the spread of the Special bonds, municipal bonds and high quality corporate bonds also decreased from 20bp to 15bp. It is also planning to strengthen the incentives to raise Assessment Scoring composition of the corporate bond market.
Exchange official "public and business to meet such Repo transaction fee structure rationalization policy, cut its transaction fees from next month three days for the deal more than 7-day" and "activation date water Repo transactions in this fee cut and intestines and outside the Repo market balanced development through will contribute to the stabilization of the financial system, "he said.
Exchange side intestines Repo market, the daily settlement, payment performance guarantee, such as risk management function counterparty payment default at system risks blocking is possible and transaction costs, financing facilitation of bond market participants, including market options expand and market transparency and said it would raise.
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
