Meritz Securities Named Outstanding Government Bond Specialist Dealer in the Second Half of Last Year

The Ministry of Economy and Finance announced on the 29th that it has selected five companies?Meritz Securities, Cr?dit Agricole, Kookmin Bank, NH Investment & Securities, and KB Securities?as excellent government bond primary dealers (PDs) for the second half of 2023.

Meritz Securities ranked first in the comprehensive category, while Cr?dit Agricole and Kookmin Bank took first and second place respectively in the banking category. NH Investment & Securities and KB Securities secured first and second place respectively in the securities category.

All five companies will be awarded the Deputy Prime Minister's Commendation. This selection was based on a quantitative evaluation of PDs' performance in government bond underwriting, trading, holding, and bid submission obligations from July to December of last year.

PDs are financial institutions with certain qualifications designated to facilitate the smooth issuance and distribution of government bonds. The Ministry of Economy and Finance grants these institutions the right to participate in government bond auctions and imposes various market-making obligations on them. Currently, 18 financial institutions have been designated as PDs.

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