| Contract |
ISDA Master Agreement(2002·1992·1987, etc.) |
| Definitions |
ISDA Definitions(2021·2006·2000) |
ISDA Definitions(2021) |
| Denominated Currency |
KRW |
| Method of Trading |
Exchanging the fixed rate interest on the notional amount with the floating rate interest on the notional amount. |
| Fixed Rate (%) |
Within ten digits after the decimal point |
| Floating Rate (%) |
· KRW-CD-3220
· KRW-CD-KSDA-Bloomberg
· KRW-CD 91D
|
· KRW-KOFR-OIS Compound |
| Method of Determining Floating Rates |
In advance (offset: -1) |
In arrear (offset : 0) |
| Floating RateSpread (%) |
applicable
(within ten digits after the decimal point. Stays the same until maturity) |
not applicable |
| Interest Calculation and Payment Frequency |
three months
(As for 1W·2W·3W·1M·2M trades, payment is made at maturity date at once) |
| Effective Date |
one business day after Trade Date |
| Notional Amount |
1 billion – 1 trillion won |
| remains unchanged except when there is a change in the contract |
| Tenor |
Within 20 years.
Multiples of three months |
Within 20 years. Multiples of three months.
(1W·2W·3W·1M·2M included) |
| Day Count Fraction |
· Actual/365 (Fixed)
· Actual/360
· Actual/Actual
|
Actual/365 (Fixed) |
Holiday Processing
(Interest Calculation Period End Date and Maturity Date) |
· Modified Following
· Preceding
· Following
|
· Modified Following |
| End-of-Month Convention |
EOM is applicable
(1M and higher ones) |
| Delay in Interest Payment Date |
None |
2 business days |
| Interest Calculating Period Adjustment |
Adjusted |
| Whether conventions are identical between the legs |
the same business day convention is applied |
| Compound Interest Application |
Not applied |
OIS Compounding only |
| Rounding |
round to the next lower whole. |
| Applicable Business Day |
Seoul |
| Up-front fee |
Possible (However, receipt of the fee is upon the effective date) |
| Back-end fee |
Not possible |