KRX: Expansion Of Clearing Eligible Transactions For KRW Interest Rate Swap

Korea Exchange (KRX) has amended OTC Derivatives Clearing and Settlement Business Regulation and Enforcement Rules* in order to expand the range of clearing eligible transactions for KRW Interest Rate Swap as a part of follow-up measures of ‘Development Plan of Derivative Products Market’ announce by Financial Services Commission (FSC) on June 17, 2014. * The FSC authorized the amendment of「OTC Derivatives Clearing and Settlement Business Regulation」on October 21, 2015. The amendment will be enforced from November 23 after the notice period . Therefore, financial investment companies* must clear KRW interest rate swap trades subject to extended range of clearing eligible transactions through the KRX in accordance with the Financial Investment Services and Capital Markets Act** from November 23. * Domestic financial investment companies or foreign financial investment companies that have made trades with domestic financial investment companies ** Article 166-3 of the Act and Article 186-3 of the Enforcement Decree of the same Act For more details, please refer to the attached file.
File	20151027_Expansion_of_clearing_eligible_KRW_interest_rate_swap_trades.pdf