The specialized market of government bonds adopts full automatic trading system based on internet order environment of KTS(KKX Trading System for government securities) in accordance with the individual competitive trading principle of plural prices (simultaneous offer unavailable).


Multilateral netting & CCP settlement are applied thereto so that in spite of innumerable trading by participants, it is possible for the KRX to minimize settlement quantities of bonds and the money through combining the trading as per settlement category and then collectively netting per participant. At present payment adopts fund transfer through BOK-Wire while delivery of government bonds is made by book transfer between depositor accounts of KSD.


Settlement interval is T+1 (T+2 for trading on the preceding day of reserves day) and deadline is 16:00 of the settlement day.

Trading conclusion & settlement (summary)
  • method of trading conclusion
    Full automatic trading method using internet order environment, and individual competitive trading principle of plural prices (simultaneous offer unavailable) to be applied
    • settlement method (multilateral deduction settlement & collective settlement)
    • payment : fund transfer through BOK-Wire
    • settlement of government bonds : book transfer between depositor accounts of KSD
  • settlement interval & deadline
    • settlement period : payment and delivery on the next day (T+1, T+2 for trading on the preceding day of reserves day)
    • deadline :16:00 of the settlement day