Korean repo volumes surge in 2021
20 January 2022 Korea
Image: zhenliu/stock.adobe.com
The Korean Securities Depository (KSD), a triparty repo agent, has announced a dramatic surge in repo trading volumes in 2021.
Volumes increased by 5.3 per cent YoY to US$19.6 trillion in 2021, according to KSD’s data on opening settlement.
The new record high represents a 75 per cent increase from US$11.2 trillion in 2017.
The daily average trading volume has risen by 18.8 per cent YoY to US$106.0 billion in 2021, which is a 107 per cent increase on US$51.1 billion daily ATV in 2017.
By the end of 2021, the repos traded among institutions in Korea were 12-fold larger than call loans.
Overnight repos make up the largest share at 68.2 per cent, USD 72.5 billion of the entire trading volume, while the rest is composed of longer-term transactions.
The growth was largely driven by the excess liquidity during the COVID-19 pandemic and the sizable purchase and sale of government securities under open market operations.
Volumes increased by 5.3 per cent YoY to US$19.6 trillion in 2021, according to KSD’s data on opening settlement.
The new record high represents a 75 per cent increase from US$11.2 trillion in 2017.
The daily average trading volume has risen by 18.8 per cent YoY to US$106.0 billion in 2021, which is a 107 per cent increase on US$51.1 billion daily ATV in 2017.
By the end of 2021, the repos traded among institutions in Korea were 12-fold larger than call loans.
Overnight repos make up the largest share at 68.2 per cent, USD 72.5 billion of the entire trading volume, while the rest is composed of longer-term transactions.
The growth was largely driven by the excess liquidity during the COVID-19 pandemic and the sizable purchase and sale of government securities under open market operations.
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