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[Alpha Biz=(Chicago) Reporter Kim Jisun] It is estimated that the amount of CFD bonds in eight stocks related to the lower limit from Societe Generale Securities is estimated to reach KRW 250 billion.
According to data submitted by the Financial Supervisory Service to Lee Yong-woo of the Democratic Party of Korea, a member of the National Assembly's National Policy Committee on the 8th, the size of CFD outstanding bonds of 12 securities firms, including Kyobo, Kiwoom and Samsung Securities, totaled 252.1 billion won as of the 4th of last month. There are eight stocks involved in the lower limit situation, including Samchully (), Seoul Gas (017390), Sunkwang (003100), Daesung Holdings (016710), Sebang (004360), Dow Data (032190), Daol Investment & Securities (030210) and Harim Holdings (003380).
A total of six securities firms have failed to pay CFD bonds worth more than 10 billion won, the survey showed. The amount of securities firms with the largest number of CFD unpaid bonds was estimated at 68.5 billion won, while the amount of securities firms with the lowest amount was estimated at 860 million won. One in 13 securities firms that provide CFD did not have outstanding bonds.
CFD is an over-the-counter derivative that is considered the primer of recent large-scale stock price manipulation cases. The financial investment industry estimates that the recent controversial stock price manipulation scandal may have resulted from opposition sales due to a lack of collateral in CFD accounts. The Financial Services Commission is also currently investigating about 4,600 CFD accounts held by 18 domestic and foreign securities firms.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
