introduced |
May 1974 |
Aug. 1972 |
Jan. 2013 |
Characteristic |
short-term financing for banks |
short-term financing |
short-term financing |
Legal Characteristic |
Bailment subject to consumption |
Promissory notes, Debt Securities |
Bond |
Issuer |
deposit bank |
Enterprise |
Enterprise |
Investor |
Financial institution |
Financial institution, Corporation, Individual |
Financial institution, Corporation, Individual |
Finance intermediary |
Securities, investment Bank, Money Brokerage |
Securities, investment Bank |
Securities |
Maturities |
Min. 30 days |
No limitation |
Max. One Year |
Min. Amount |
No limitation |
Securities firm: KRW 100 Mill, Others: No limitation |
KRW 100 Mill. |
Interest |
Discount, 부리식 |
Discount, 부리식 |
Discount |
interim repurchase |
Not allowed |
No limitation |
No limitation |