제이오캐드스터디카페

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If settlement completion is not guaranteed, the payment, liquidation and payment actions of 

completed financial institutions through the payment settlement system could be subsequently 

nullified, causing major confusion in the financial system. ∘ PFMI, an international standard 

제이오캐드디자인학원 032.362.7722

established by the Payment and Payment and Market Infrastructure Committee (CPMI) and the 

International Securities Supervision Organization (IOSCO), also stipulates the principle of payment 

completion, so that policy authorities of each country comply. Under the Act on Self-Recovery and 

제이오캐드디자인학원 032.362.7722

Bankruptcy of Debt, which took effect in April 2006, the system to guarantee 

payment completion of the payment settlement system was introduced. Under the 

Act, the Bank of Korea governor can designate a payment settlement system that 

guarantees settlement completion through 

 

 

consultation with the chairman of the Financial Services Commission, and the payment, 

liquidation or settlement made through the designated payment settlement system 

cannot be cancelled due to reasons such as bankruptcy of the participating institutions.

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