KRX KTB adopts a full automatic trading system based on the internet order environment, or KTS (KRX Trading System for government securities). Trade is executed in continuous auction (multiple price auction), so the simultaneous quotation is not applied.
KRX KTB adopts collective multilateral netting settlement so that securities delivery and payment are minimized.
Funds are transferred through BOK-Wire+, and bonds are settled by book-entry clearing method via SAFE+ system of Korea Securities Depository (KSD).
The settlement date is the next day of trading date (T+1) and settlement must be completed by 16:00 on that day (T+2 for trading on the previous day of Reserves day).