Type |
Foreign currency CDS Index |
Announcement Frequency |
Daily closing index announced at 19:00(KST) |
Base Date |
January 4, 2022 (100.00p) |
Constituent Universe |
KP issuing institutions |
Credit Rating |
Domestic investmentgrade ratings of AA or higher |
Calculation |
Based on the difference between bond yield curves of universe issuers and riskfree rates to derive CDS spread |
Universe Replacement Date |
Every six months (March 21 and September 21, or the next business day if a holiday) |
Coupon |
Annual 100bp |
Coupon Frequency |
Quarterly (March, June, September, December 20, or the next business day if a holiday) |
Day Count Convention |
ACT/360 |
Accrued Interest Adjustment |
Adjusted |
Maturity |
5 years |
Weight |
Equal weighting |
Taxes |
Excluded |
Base Currency |
USD |
Announcing Institution |
KIS Pricing |