KOFIA Selects Final Bid Yield Reporting Companies for First Half of Next Year

[Asia Economy Reporter Minji Lee] The Korea Financial Investment Association announced on the 30th that it has selected securities companies to report the final bid yield of bonds, negotiable certificates of deposit (CD), and commercial papers (CP) for the first half of next year.

To maintain and enhance the stability and representativeness of the final bid yield, which serves as the benchmark interest rate in the bond, CD, and CP markets, the Financial Investment Association has been selecting securities companies with proven price discovery capabilities as final bid yield reporting companies every six months, considering transaction performance in bonds, CDs, and CPs.

Among the 10 securities companies reporting the final bid yield for bonds, one company has been changed. The final bid yield for bonds is used as the benchmark yield in the Korean bond market. For 16 types of bonds with high market utilization, including 3-year government bonds, the average yield is calculated and disclosed by excluding extreme values (top and bottom two) from the yields reported by the 10 reporting companies. Among the previous companies?KB Securities, NH Investment & Securities, SK Securities, Meritz Securities, Bookook Securities, Shinhan Financial Investment, Hi Investment & Securities, Korea Investment & Securities, Hyundai Motor Securities, and Hanyang Securities?Shinhan Financial Investment has been removed, and Mirae Asset Securities has been added.

For the CD final bid yield reporting securities companies, three out of ten have been replaced. The CD final bid yield is used as a reference rate for CD transactions, derivative product trading base rates, and floating rate loan base rates. The average yield is calculated and disclosed by excluding extreme values (top and bottom one) from the 91-day yields issued by commercial banks (AAA rated) and special banks (Korea Development Bank, Industrial Bank of Korea) reported by the 10 reporting companies that mediate CDs. Among the previous companies?KTB Investment & Securities, Kyobo Securities, Bookook Securities, Eugene Investment & Securities, Ebest Investment & Securities, Kiwoom Securities, Hana Financial Investment, NH Investment & Securities, DB Financial Investment, and Hanwha Investment & Securities?NH Investment & Securities, Kiwoom Securities, and Hanwha Securities have been removed, and Hanyang Securities, IBK Investment & Securities, and BNK Investment & Securities have been selected.

The CP final bid yield is used as a reference rate for CP transactions. Yields (A1, 91-day basis) are reported by six securities companies and two banks engaged in CP brokerage, and the average is calculated and disclosed by excluding extreme values (top and bottom one). Among BNK Investment & Securities, KTB Investment & Securities, Bookook Securities, Eugene Investment & Securities, Hi Investment & Securities, IBK Investment & Securities, Shinhan Bank, KEB Hana Bank, and NH Investment & Securities, NH Investment & Securities has been removed, and Meritz Securities will take over the relevant duties.

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