Tuesday, 17 June 2014

DIRECT TRADE of BANKS of USD-SOUTH KOREA


Dollars the king of currency is now allowed for the South Korea’s local bank to start trading directly the currencies. This will strengthen further the 20-years treasury bonds for future.  Within the next few years, the financial services Commission said that, the 20 years treasury bonds will be more onto the exchange and currency finance.Furthermore the banks will be permitted to directly sell or buy bonds or currency; even the individual investors will be able to take part in the high risk market after the compulsory education program. FSC mentions that only 15 derivatives like that of the financial products are being traded on the main bourse due to some restrictions are limitations on speculation concerns with 1,303 products in U.S and 100 in Japan. Financial instruments refer to stocks, bonds, currencies and commodities also events.FSC said that to prevent illegal trading and speculative transactions it will intensify the supervision of the trading market for the stability and financial growth...Read More


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