KDPW processes blocks of Treasury bonds under pledge agreements
One of the services offered by KDPW is to process blocks of Treasury bonds recorded in securities accounts or depository accounts under pledge agreements between a Pledger and a Pledgee. Foreign entities which are not KDPW members are also eligible as parties to a pledge agreement.
In connection with a pledge agreement, a trilateral agreement is signed, where KDPW is one of the parties. Under the trilateral agreement, KDPW blocks securities under a pledge, cancels securities blocks and handles other related operations.