Search results for OTC derivatives
Finance
Race to pre-empt won stablecoin as third financial hub nears
South Korea\'s financial authorities raised their target for household loan growth this year and NH Nonghyup Bank resumed variable-rate mortgage lending, drawing attention to whether mortgage hurdles will fall across the sector. COFIX rose for a fourth month, increasing borrowers\' interest burdens. Financial support for mid-to-low credit borrowers and small businesses is spreading, while the government and regulators advance plans tied to regional finance hubs and debate over a won stablecoin shifts toward payment, distribution and custody infrastructure.
Finance
More financial firms to face margin rules for non-cleared OTC derivatives from September
South Korea\'s Financial Supervisory Service will extend its guidelines on the margin exchange system for non-cleared over-the-counter derivatives transactions. From September, the number of firms subject to initial margin requirements will rise to 143 from 138, while those covered by variation margin requirements will increase to 165 from 163. The guidelines will be extended for one year. The FSS said it will keep checking compliance and gather difficulties financial firms face.
Finance
Korea Exchange, Nextrade to close on local election day and Constitution Day
The Korea Exchange and alternative trading platform Nextrade will close their markets on June 3 and July 17 after the government designated local election day and Constitution Day as public holidays. The Korea Exchange said the shutdown covers securities, derivatives and general commodities markets, including night trading. Oil, gold and emissions markets will also close, along with certain OTC derivatives clearing and its trade repository. Trading on the alternative venue will also be halted.
