Exchange to List '3-Month Risk-Free Rate Index Futures' on the 28th

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jaehee] The Korea Exchange will list the '3-Month Risk-Free Benchmark Interest Rate Futures' on the 28th. This is a follow-up measure to the 'Selection Results and Activation Plan of Risk-Free Benchmark Interest Rate' announced by the Financial Services Commission last year.

The 3-Month Risk-Free Benchmark Interest Rate Futures is a product that is cash-settled on the final settlement date based on the average of the Korea Risk-Free Benchmark Interest Rate (KOFR), which is announced every business day, over the three months immediately preceding the futures maturity.

To celebrate this, the Exchange will hold the '3-Month Risk-Free Benchmark Interest Rate Futures Listing Ceremony and Seminar' at Signiel Busan on the 29th.

The listing ceremony will be attended by Sohn Byungdoo, Chairman of the Korea Exchange; Lee Myungho, President of the Korea Securities Depository; Park Youngseok, Chair of the Important Benchmark Management Committee and Professor at Sogang University; and Lee Doobok, Vice President of Mirae Asset Securities, among others.

Following the ceremony, a seminar will be held under the theme of tasks for the successful establishment of the 3-Month Risk-Free Benchmark Interest Rate Futures.

The seminar will be moderated by Professor Park Kwangsoo of Dong-Eui University, with presentations on 'Utilization Plans and Expected Effects of KOFR Futures' and 'Importance and Activation Plans of KOFR Futures.'

Meanwhile, the event will be broadcast live through the Exchange's YouTube channel.

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