[Korea goyounghun financial newspaper reporter] Shinhan Investment has won the overall first place in the second half of last year rated government bond dealers (PD).
Ministry of Strategy and Finance was awarded the Prime Minister Award for Excellence PD 5 companies and individual merit in an open, bond market development forum and the second half of 2016 Excellence Awards treasury dealers' 17 JW Marriott Hotel Seoul Banpo.
Shinhan Investment in the securities sector accounted for overall first place instead of NH Investment & Securities, Securities, Banking Sector, the National Bank and the Industrial Bank was ranked 1st and 2nd respectively.
PD is responsible for the call instead of bidding on government bonds acquired under the authorization issued at market perform market making obligations, such as composition, distribution and retention.
This year the government is planning to expand its range that can be awarded to such a government bond yields eased the burden of competing bidders. As a result, the differential bid of 3-5-year period from 2bp to 3bp, 10~30-year is extended from 3bp to 4bp.
Since coming April Meritz Securities Investment Bank is designated as the new PD. Meritz Securities Investment Bank in January 2015 it is promoted to PD portion side described based dwaetdaneun perform an active government bond market making efforts to spare after a specified PD.
Due to the new designation of Meritz Investment Bank Securities PD it is increased to a total of 19 companies including Bank of 9 companies, 10 securities companies.
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