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Korea’s compilation method for securitization

Korea’s compilation method for securitization. 2010. 11 Sung-Hwan KIM (shk@bok.or.kr). 1. Background 2. Data collection 3. Compilation 4. Statistics. “Act relating Asset Debenture” (1998) “Mortgage Debenture Company Act” (1999). Background. establish. SPC.

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Korea’s compilation method for securitization

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  1. Korea’s compilation methodfor securitization 2010. 11 Sung-Hwan KIM (shk@bok.or.kr)

  2. 1. Background 2. Data collection 3. Compilation 4. Statistics

  3. “Act relating Asset Debenture”(1998) “Mortgage Debenture Company Act”(1999) Background establish SPC Institutions hand over assets Investors ABS

  4. “Act relating Asset Debenture”(1998) “Mortgage Debenture Company Act”(1999) Background register plans for securitization FSC Institutions FSS information

  5. “DART” Data Collection ① identify SPCs ② data* * Balance sheet(B/S), detailed statement Bank of Korea SPCs

  6. Compilation ABS (stock) total liability of the economy = sum of SPCs’ liability • ABS (stock) total asset = total liability (of the economy)

  7. Compilation ABS (stock) asset of General Government & Financial Corp. sector  sum of ABS holdings ∙ data : B/S & bond-holdings statement asset of Rest of the World ∙ data : ‘Balance of Payments Team’

  8. Compilation ABS (stock) asset of public corporations  sum of ABS holdings ∙ data : B/S & bond-holdings statement * Non-financial corporation sector = public corp. + private corp.

  9. Compilation ABS (stock) asset of private corp. & Household+NPISH sector ① total asset of the economy minus asset of (general government & financial corp. sector + public corporation)

  10. Compilation ABS (stock) asset of private corp. & Household+NPISH sector (continue) ②estimation using ‘bond-deposit statement’ from securities companies

  11. Compilation Bank of Korea Valuation at Market Price data* Company (3)* * bond price evaluate * price of issue, market price

  12. Compilation ABS (flow) total source of the economy = sum of changes of all SPCs’ liability at issue price* * stock at the end of the period – stock at the end of the previous period total source = total use (of the economy)

  13. Compilation ABS (flow) use of General Government sector & Financial corporation sector & public corporations  changes of ABS at issue price + gain or loss of trading * data : B/S, bond-holdings statement

  14. Compilation ABS (flow) use of private corporations & NPISH+Household sector  estimation using ‘bond-deposit statement’ from securities companies

  15. Statistics Total liability of the economy : 58.9 - Financial corporations : 58.9 ∙ Other financial intermediaries : 58.9 ABS stock on June 2010 (trillion Won)

  16. Statistics Total asset of the economy : 58.9 - Financial corporations : 35.6 ∙ DMBs : 18.1 ∙ Insurance companies :11.1 - General government : 8.1 - Household + NPISH : 10.9 ABS stock on June 2010 (trillion Won)

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