Transactions between financial institutions in which one party acquires immediately available funds by selling bonds to the other and simultaneously agreeing to repurchase the same bonds after a specified time at a given price.
The Secured Call is named "Korean Style Repo" as Repo transaction appears to be a sale and purchase of securities, the substance of the transaction is basically a collateralized loan.
1. Domestic banks, foreign bank branches, merchant banking corporations
3. Korea Securities Depository