The Korea Financial Investment Association noted on the 27th that it has selected and announced the securities companies for the 2025 first half final quotation revenue (bonds and commercial papers).
The final quotation revenue announced by the association daily serves as the benchmark interest rate for the bond and commercial paper markets. The association selects securities companies with excellent price discovery capabilities as final quotation revenue reporting companies every six months, taking into account bond and commercial paper transaction performances.
Two out of the ten reporting companies for bond final quotation revenue will change. Starting January 1, 2025, SK Securities and iM Securities will be replaced by Cape Securities and Leading Investment Securities.
The bond final quotation revenue is used as the benchmark interest rate for South Korea's bond market and is calculated as the average rate among ten reporting companies for 16 types of highly utilized bonds, including the Treasury Bond (3-year), excluding extreme values (the top and bottom two).
For the commercial paper final quotation revenue, NH Investment & Securities will be added in place of Daol Investment Securities among the total of eight companies. The commercial paper final quotation revenue is used as a reference rate for CP transactions, and the average rate is calculated based on revenue (A1 grade, 91 days) reported by six securities companies and two banks, excluding extreme values (the top and bottom one).