KOFIA Selects Final Bid Yield Reporting Companies for First Half of Next Year
The Korea Financial Investment Association (KOFIA) announced on the 29th that it has selected financial firms to report the final quoted yields for bonds and commercial papers (CP) for the first half of next year.
The final quoted yields, which KOFIA publishes daily, serve as benchmark interest rates for the bond and CP markets. Every six months, the association selects securities firms with excellent price discovery capabilities as the final quoted yield reporting companies, considering bond and CP trading performance.
Starting next year, the securities firms reporting the final quoted yields for bonds will be ▲ KB Securities ▲ NH Investment & Securities ▲ SK Securities ▲ Meritz Securities ▲ Mirae Asset Securities ▲ Bookook Securities ▲ Samsung Securities ▲ Shinhan Investment Corp ▲ Hanyang Securities ▲ Korea Investment & Securities. Samsung Securities has been included instead of Hi Investment & Securities.
The final quoted yield for bonds is used as a benchmark interest rate 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 (the top and bottom two) from the yields reported by the 10 reporting companies.
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The CP final quoted yield reporting companies are ▲ Daol Investment & Securities ▲ Bookook Securities ▲ Mirae Asset Securities ▲ Eugene Investment & Securities ▲ Hanyang Securities ▲ Hyundai Motor Securities ▲ Shinhan Bank ▲ Hana Bank. Hyundai Motor Securities has been newly included instead of Hi Investment & Securities.
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