The dedicated professionals of Financial Institutions Group
related practice (FIG) at Yulchon LLC will be bringing you periodic
briefings on developments in Korea and globally concerning
derivatives and structured products. We welcome any queries and
feedback on the contents of this Briefing and related
topics.
Trade Repository Reporting Proposal Announced
Korean financial regulators announced on 5 July that the 'TR
Working Group' comprising the Financial Supervisory Service
(FSS), Korea Exchange and the Bank of Korea has prepared a 'TR
Reporting Proposal' detailing the entities which will be
obliged to submit reports and details on information to be included
in the reports. According to the TR Reporting Proposal, OTC
derivatives products such as interest rate swaps, currency swaps
and total return swaps would be covered in addition to all
exchanged-traded derivatives products such as KOSPI200 Futures. In
addition, certain derivatives-linked securities
