KSD Opens 'Securitization Bond Integrated Information System'

[Asia Economy Reporter Oh Ju-yeon] The Korea Securities Depository announced on the 30th that it has completed the construction of the 'Securitization Securities Integrated Information System' and will officially provide services through the Securities Information Portal (SEIBro) starting January 4th next year. Through this, from now on, it will be possible to easily view and search securitization plans, issuance information, as well as trading and credit rating information of securitized securities all at once.

Until now, information on securitized securities was scattered across multiple sources due to the complex issuance structure compared to general bonds and bills, and there were significant discrepancies in information level and quality across different media, limiting investors' access to information.

In particular, for non-registered securitizations, there was no separate disclosure system, and disclosure of even the basic information of the securities was insufficient, relying on arbitrary information provision.

To address these issues, the Financial Services Commission established a 'Comprehensive Improvement Plan for the Asset Securitization System' last May.

The Korea Securities Depository promoted the construction of an integrated information system to strengthen information provision, completed the establishment of an information collection and disclosure system within the year, and focused on creating a framework where issuers (such as trustees), the Korea Financial Investment Association, and credit rating agencies can provide related information to the Korea Securities Depository.

As a result, general investors and others will be able to check information and statistics related to securitized securities through the 'Korea Securities Depository Securities Information Portal' in the future.

The information provided on the portal includes 16 categories such as the securitized securities market status (overview), securitized securities items (search, detailed information), asset securitization plans (search, detailed information), issuance details of securities by major asset categories, credit enhancement provision status by credit enhancement institutions, and securitized securities distribution (trading) information.

Lee Myung-ho, President of the Korea Securities Depository, said, "Through the construction of the integrated information system, the disclosure function for all (registered and non-registered) asset-backed securities will be strengthened, enabling systematic identification and preparation for market risks."

This content was produced with the assistance of AI translation services.