KOFIA Selects Companies for 'Final Quote Yield Report' in Second Half of Year

Kwon Yong-won, chairman of the Korea Financial Investment Association, who caused controversy after a recording of him verbally abusing a driver and employees was released, was found dead on the 6th. The police suspect that Chairman Kwon took his own life. The photo shows the Korea Financial Investment Association in Yeongdeungpo-gu, Seoul on the same day. Photo by Moon Ho-nam munonam@

The Korea Financial Investment Association announced on the 29th that it has selected companies to report the final bid yield of bonds and commercial papers (CP) for the second half of this year.

The association has been selecting securities firms with excellent price discovery capabilities as reporting companies every six months, considering bond and CP trading performance.

As a result of this selection, the number of securities firms reporting the final bid yield of bonds remains the same as in the first half, totaling 10 companies (KB Securities, NH Investment & Securities, SK Securities, Meritz Securities, Mirae Asset Securities, Bookook Securities, Shinhan Investment Corp., Hi Investment & Securities, Korea Investment & Securities, Hanyang Securities).

There are eight companies reporting the final bid yield of CP (Daol Investment & Securities, Bookook Securities, Eugene Investment & Securities, Mirae Asset Securities, Hi Investment & Securities, Hanyang Securities, Shinhan Bank, Hana Bank). BNK Investment & Securities from the first half has been replaced by Mirae Asset Securities.

Regarding the final bid yield reporting companies for negotiable certificates of deposit (CD), due to changes in related regulations, the yield submission period has been extended from six months to one year, and thus they were excluded from this selection.

The association calculates the final bid yield daily by averaging the reported yields from the selected financial companies after excluding extreme high and low values.

The final bid yield serves as a benchmark interest rate in the bond and CP markets.

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