KSD Launches Comprehensive Repo Market Information Platform 'RP Inside'

On May 22, the Korea Securities Depository (KSD) launched the operation of 'RP Inside,' a comprehensive information platform for the repurchase agreement (Repo) market, which serves as the basis for the calculation of the Korea Overnight Financing Repo Rate (KOFR), a risk-free reference rate.

RP Inside is a 'monitoring tool' designed to enhance the usability of KOFR and support rational investment decisions in the market by increasing transparency in the repo market. Moving beyond the provision of simple, listed information, it offers dashboard-style content with visualization features that allow users to grasp the volatility of the market at a glance, taking into account the highly volatile nature of the short-term financial market.

KSD explained, "In addition to KOFR, RP Inside enables transaction analysis and borrowing rate comparisons by business sector, borrower credit, collateral, and position within the repo market. It also provides multidimensional interest rate analysis for key short-term financial market indicators such as certificates of deposit (CDs) and commercial paper (CP), as well as for the bond market, including government bonds and monetary stabilization bonds."

RP Inside consists of a total of five categories and twelve detailed content items, including the 'Dashboard' (summary screen) and 'my REPO.' It has been designed with user convenience in mind, allowing easy access across various environments such as PC and mobile devices.

Repo market participants can use the 'my REPO' screen to: ▲ compare their own borrowing rates with those of other borrowers by business sector or collateral type; ▲ assess more favorable repo borrowing conditions; ▲ utilize reference data for establishing borrowing strategies. In addition, the platform provides market interest rate fluctuation analysis data based on factors such as reserve maintenance days, month-end, and special events, enabling rapid analysis in the event of sudden market shocks.

KSD stated, "Through RP Inside, we will provide real-time monitoring of the repo market, support volatility analysis in the short-term financial market, and contribute to the transformation of the repo market into a more transparent system from the current information asymmetry structure." The institution added, "By enhancing the transparency and reliability of the repo market, which is the underlying market for KOFR, we ultimately expect RP Inside to serve as a catalyst for the expanded use of KOFR."