Dealers prefer repo for new risk-free rate in Korea

Chris Davis
24 Feb 2020

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Dealers in South Korea are pushing for a benchmark based on repo transactions to be selected as the new risk-free rate for local currency interest rate swaps.

A next-day repo rate is one of two options being considered by an industry task force convened by Korea’s Financial Services Commission (FSC) and the Bank of Korea in June 2019 to select an alternative to the current standard, the Korea Interbank Offered Rate, which is based on the declining local certificate of deposit market.

Dealers

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