S. Korea to compensate losses from derivatives linked to Chinese shares ...Middle East

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S. Korea to compensate losses from derivatives linked to Chinese shares
Seoul: The financial regulator on Monday unveiled a set of plans that advise banks and brokerages to compensate losses from derivative products tracking Chinese stocks listed on the Hong Kong exchange. The Financial Supervisory Service (FSS) said its preliminary inspection, conducted for two months since January 8, has verified “various cases of incomplete sales” involving equity-linked securities (ELS) products tracking Hong Kong’s H Index, reports Yonhap news agency. The outstanding value of such products stood at 18.8 trillion won ($14.2 billion) as of end-December, with 15.1 trillion won, or 80.5 percent of the total, set to be redeemed this year. The products, if redeemed at end-Februa

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