Interest rate swaps traded over-the-counter, largely by foreign hedge funds, pushed the interest rate swap figures up to KRW726 trillion from KRW474 trillion a year earlier. Exchange-traded Korean Treasury bond futures amounted to KRW17 trillion at year end 2005.
According to the FSS, securities companies were the most active derivatives traders, with turnovers on their part topping KRW32,294 trillion, 84.1% of the total turnover.
Credit derivatives contracts outstanding at year-end came to KRW2.5 trillion, only 0.14% of the total derivatives contracts outstanding.
The week on Risk.net, July 7-13, 2018Receive this by email