In the first half of this year, capital market-related payments processed through Korea Securities Depository (KSD) topped 500 quadrillion won, helped by active stock market transactions and a rise in short-term note issuance.
According to Korea Securities Depository (KSD) on the 28th, capital market-related payment processing in the first half came to 5312.9 trillion won. That was up 17.7% from the same period a year earlier (4513.1 trillion won). The daily average came to 442 trillion won, up 15.7% from a year ago (382 trillion won).
The depository noted that overall processing grew as stock market transactions became more active and short-term note issuance surged.
Settlement for trades totaled 4979.2 trillion won, accounting for most of the overall processing. That was up 16.6% from a year earlier.
In particular, growth in stock-related settlement payments stood out. On-exchange stock settlement reached 436 trillion won, up 307.5% from the first half of last year, while institutional stock settlement rose 234.5% to 679 trillion won.
Over-the-counter repurchase agreement (repo) settlement came to 4503.4 trillion won, up 14.4%, and institutional bond settlement rose 23.6% to 328.3 trillion won. In contrast, on-exchange bond settlement decreased 0.6% to 360 trillion won.
Processing of principal and interest for registered securities totaled 1737 trillion won, up 44.9% from the same period last year. Expanded short-term note issuance by securities firms had an impact.
Short-term note principal and interest jumped 90.7% to 963 trillion won, accounting for 55.4% of principal and interest processing for registered securities. Bond principal and interest rose 7.0% to 444 trillion won, and other principal and interest, including commercial paper (CP) and equity-linked securities (ELS), increased 18.3% to 330 trillion won.
In addition, payments for collective investment securities tied to fund creation and redemptions increased 33.1% to 1163 trillion won. Other payments, including securities lending and intraday repurchase agreement (RP) repayments, rose 23.9% to 389 trillion won, while stock rights payments, such as dividends and stock subscription payments, increased 14.3% to 48 trillion won.