Settlement
item Descriptions
kind of trading applicable only to the day (T+0) of trading
settlement between investors and bonds company
Time limit of settlement by bonds or cash
  • By 16:00 of settlement date
  • In case of registered bond, registration notice or registration certificate shall replace selling
    bonds, and required documents for the change of registration shall be attached.
Collection of commission for consignment If trading is made through consignment of selling or buying from an investor, a member company shall collect commission according to the rates reported to the KRX.
settlement by a member
Time limit of settlement by 16:30 of settlement date
settlement method
  • A member has to make a payment to settlement agency prior to time limit after deducting selling
    bonds & buying money respectively.
  • Settlement of foreign currency bond shall be made in KRW conversed by basic rate on the
    settlement date according to Foreign Exchange Control Regulation.
Payment by substitutive means If is impossible to pay due to defective bonds, selling small-lot bond, foreigner’s selling or selling items with low liquidity, it may be replaced by substitutive certificate issued by the KRX.