The Financial Investment Association announced on September 30 that iM Securities has been selected as a data submission institution for the yield of Negotiable Certificates of Deposit (CD) from next month until September of next year. In contrast, Cape Securities will be excluded from the list of submission institutions starting next month.
On the same day, the association revealed that it has chosen 10 institutions to provide the necessary data for calculating CD yields. The CD yield is designated as an important indicator under the Financial Transaction Indicators Act, effective October 2, 2023. The association calculates the CD yield based on actual transaction data from the submission institutions and expert assessments, using a phased calculation method.
Submission institutions are selected annually based on their CD trading performance. This selection reflects trading results from July 2025 to June of this year. The selected institutions are granted eligibility to participate in the call market (the ultra-short-term lending market).
The selected submission institutions include Daol Investment & Securities, Meritz Securities, Bukook Securities, Sangsangin Securities, Eugene Investment & Securities, Hanyang Securities, Hanwha Investment & Securities, Hyundai Motor Securities, DS Investment & Securities, and iM Securities. Overall, the existing submission institutions have been maintained, with Cape Securities being excluded and iM Securities newly included.
The Financial Investment Association plans to calculate and disclose the CD yield based on the data received from the selected institutions.
* This article has been translated by AI.
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