KOFIA Selects 10 Institutions to Submit Basic Data for CD Yield Calculation

The Korea Financial Investment Association has finalized and announced the institutions responsible for submitting basic data for the calculation of Certificate of Deposit (CD) yields over the next year.

On September 30, the Korea Financial Investment Association stated that it has selected and disclosed the institutions to submit basic data for CD yields, effective from October 1, 2026, to September 30, 2027.

Since October 2, 2023, CD yields have been designated as a key indicator under the Financial Benchmark Act and are used as a core benchmark rate in the short-term financial market. A waterfall calculation method, which is based on actual transactions and the expert judgment of the submitting institutions, is applied. Each year, the association designates the top 10 securities firms as submitting institutions, based on their CD trading performance for a one-year period (July 1, 2025 - June 30, 2026).

With this selection, Cape Investment & Securities has been excluded from the previous list of 10 institutions, and iM Securities has newly joined, resulting in one change. Securities firms designated as submitting institutions are given the benefit of participating in the call market.

The 10 selected securities firms are Daol Investment & Securities, Meritz Securities, Bookook Securities, SangSangIn Securities, Eugene Investment & Securities, Hanyang Securities, Hanwha Investment & Securities, Hyundai Motor Securities, DS Investment & Securities, and iM Securities.

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