Rating Fees
Introduction of Credit Rating Service and Rating Procedure Guide.
SF Rating
Initial rating fee = proportional fees
- - minimum : KRW 30 million
- - maximum : KRW 150 million
- - proportional fees : the amount of rated ABS*a multiplier derived from the cumulative amount of ABS issued in the previous year
<VAT not included>
| Historical ABS Issuance | Proportional Fees |
|---|---|
| No ABS issued over the last two years | 3.0/10,000 |
| Issued ABS over the last two years - Less than KRW 1 trillion cumulative ABS issuance in the previous year - Less than KRW 2 trillion cumulative ABS issuance in the previous year - Less than KRW 3 trillion cumulative ABS issuance in the previous year - Over KRW 3 trillion cumulative ABS issuance in the previous year |
2.7/10,000 2.2/10,000 1.8/10,000 1.3/10,000 |
Annual Fees (Regular Rating Fees)
- - Annual fees are charged for the rating surveillance.
- - Issuers have to pay annual fees from one year after the issuance until the maturity of the rated ABS.
- - The annual fee is billed upon the disclosure of the regular rating conducted every year once one year has passed since the date of the issuance. (It is billed twice for three-year maturity issue)
<VAT not included>
| Outstanding Balance of the ABS Issued (KRW) | Annual Fees (KRW) |
|---|---|
| Up to 150 billion | 5 million |
| Over 150 billion to up to 300 billion | 7.5 million |
| Over 300 billion | 10 million |