Established in May 2000, Seoul Money Brokerage Services (SMBS) provides brokering services covering a full range of foreign exchange and money market instruments. SMBS also has the official right to calculate and announce the basic exchange rates of the Korean won against major foreign currencies. SMBS was spun off from the Korea Financial Telecommunications and Clearings Institute (KFTC).
Brokerage services include:
- Foreign Exchange Market Broking
- Financial Derivatives Broking
- Money Market Broking
- Bond Broking
Key Features and Coverage on RIMES
For this data source, RIMES hosts approximately 40 securities, including the following SMBS Rates:
- Arbitrated Basic Exchange Rates
- Basic Exchange Rates
- Cross-currency spot brokering services
- Currency Options
- Foreign Currency Calls
- FX Rates
- FX Swap Rates
- Market Average Rates
- MM Call Interest Rates
- NDFs (non-deliverable forwards)
- Secured Call Rates
- Short Term Bonds
