KSD Expands and Launches Integrated Information System for Securitized Bonds

The Korea Securities Depository announced on the 12th that it will expand and open the Securitization Securities Integrated Information System in line with the enforcement date of the revised Asset Securitization Act.

The integrated information system consists of the securitization securities information collection system (e-SAFE) and the information disclosure system (SEIBro).

Investors can view issuance, disclosure, trading, and credit rating information of securitization securities all at once through the securitization securities information disclosure system (SEIBro), and financial authorities plan to monitor the market, including matters related to the risk retention obligation (5%).

The Korea Securities Depository first established the securitization securities integrated information system in January 2021 to support the financial authorities' policy efforts to strengthen risk management in the asset securitization market.

However, at the time of the initial system establishment, it was not possible to collect all disclosure information, which later created a need to improve the information management system while operating the integrated information system.

Accordingly, taking the passage of the revised Asset Securitization Act in the National Assembly in July last year as an opportunity, the existing information collection and management system was reorganized, and system development to accommodate additional securitization information has been underway.

The expanded and reorganized integrated information system will provide financial authorities with the function to monitor the newly introduced 5% mandatory holding system for securitization securities by securitized asset holders, as stipulated by the revised law.

Financial authorities can verify compliance with the holding obligations of asset securitization companies, etc., through the securitization securities information disclosure system (SEIBro).

The Korea Securities Depository stated, "As the operating institution of the integrated information system, we will continue to make greater efforts to protect investors by enhancing their access to information and to support the policies of financial authorities."