Korea Securities Depository aims to be industry-owned utility
Despite losing the tender to be the domestic trade repository, KSD's Jaehoon Yoo has plans to emulate the DTCC's model
Korea Securities Depository (KSD) has plans to be an industry-owned utility in the mould of US post-trade firm Depository Trust & Clearing Corporation (DTCC) and is better placed than Korea Exchange (KRX) to operate the country's stand-alone over-the-counter derivatives trade repository (TR), according to its chief executive.
On August 17, Korea's Financial Services Commission (FSC) revealed that KRX won the tender to operate the country's sole TR for OTC derivative transactions. South Korea is
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