RegAlertRule · BOK · 30 Dec 2025 · 100449-106810
Procedures for Handling Foreign Exchange Stability Levy Business
Foreign Exchange Banks and specific investment firms must submit quarterly Levy Reports by month-end and annual reports within three months via the Foreign Exchange Computer Network in US Dollars. Payments are due by the end of the month following the notice, processed through the KFTC Network at least one day prior. Late payments incur a 3% surcharge for delays up to one month, plus 1% monthly thereafter, capped at six months. Non-compliance triggers demand letters and potential asset seizure under national tax delinquency rules.
Procedures for Handling Foreign Exchange Stability Levy Business
Enacted: July 28, 2011 (Approved by Director General, International General Affairs Team-940) Amended: January 31, 2013 (Approved by Director General, Foreign Exchange Accounting Team-225) Amended: May 12, 2014 (Approved by Director General, Foreign Exchange Accounting Team-880) Amended: June 30, 2015 (Approved by Director General, Foreign Exchange Accounting Team-1289) Amended: April 7, 2020 (Approved by Director General, International General Affairs Team-477) Amended: January 5, 2023 (Approved by Director General, Foreign Exchange Accounting Team-43)
Article 1 (Purpose)
The purpose of these procedures is to establish detailed matters necessary for implementing the Foreign Exchange Stability Levy (hereinafter referred to as the "Levy") business under the "Detailed Rules for Handling Foreign Exchange Transactions" (hereinafter referred to as the "Detailed Rules").
Article 2 (Detailed Standards for Maturity and Balance Calculation)
① The detailed standards for calculating maturity and weighted average maturity under Article 2-14, Paragraph 2 of the Detailed Rules, and the detailed standards for calculating balances under Article 2-15, Paragraph 6 of the Detailed Rules, shall follow the Levy Report Writing Standards in <Appendix 1>. ② If non-deposit foreign currency liabilities are repaid or liquidated before the contract maturity date, the repayment or liquidation date shall be deemed the contract maturity date, and the remaining maturity shall be applied retroactively.
Article 3 (Submission Method and Writing Standards for Reports)
① In accordance with Article 2-18, Paragraph 1 of the Detailed Rules, the Levy Obligor shall submit the following Levy Reports to the Director General of International Affairs of the Bank of Korea (hereinafter referred to as the "Director General") through the Foreign Exchange Computer Network:
- Quarterly Levy Report: <Appendix 1> Report No. 1-1
- Annual Levy Report: <Appendix 1> Report No. 1-2
- Corrected Levy Report: <Appendix 1> Report No. 1-3
② The currency for the Levy Reports in Paragraph 1 shall be reported in 'US Dollars' or 'converted to US Dollars.' In this case, the US Dollar exchange rate shall be the buying/selling standard rate calculated by the Foreign Exchange Brokerage Company according to Article 4-3 of the Detailed Rules, and the conversion of other currencies to US Dollars shall apply Article 33 of the "Procedures for Handling Foreign Exchange Transactions."
③ The currency unit for the Levy Reports shall be reported to two decimal places, and the Levy payable shall be calculated by rounding off at the third decimal place.
④ The detailed matters for writing the Levy Reports are defined in <Appendix 1>.
⑤ For Levy Obligors under Article 21-2, Item 7 of the "Enforcement Decree of the Foreign Exchange Transaction Act," quarterly reports may be submitted together with annual reports.
⑥ In accordance with Article 2-18, Paragraph 1 of the Detailed Rules, the Director General may request detailed materials such as <Appendix 1> Report No. 1-5 for verification of reports from Levy Obligors.
⑦ The necessary materials determined by the Director General under Article 2-18, Paragraph 5 of the Detailed Rules shall be <Appendix 1> Report No. 1-4.
Article 4 (Method of Payment Notice)
① The payment notice under Article 2-19, Paragraph 1 of the Detailed Rules shall be the 'Foreign Exchange Stability Levy Payment Notice' in <Appendix 2> Form No. 2-1.
② The payment notice in Paragraph 1 shall include the Levy payment amount, payment deadline, etc.
③ The payment notice in Paragraph 1 may be made in writing (including facsimile) or through the Bank of Korea Financial Settlement Network (hereinafter referred to as the "KFTC Network").
Article 5 (Method of Payment Application)
① In accordance with Article 2-22, Paragraph 1 of the Detailed Rules, a Levy Obligor wishing to apply for the payment of the Levy and surcharge shall submit the 'Foreign Exchange Stability Levy Payment Application' in <Appendix 2> Form No. 2-2 or the 'Foreign Exchange Stability Levy (including <Mid> Surcharge) Payment Application' in Form No. 2-3 to the Director General.
② The application in Paragraph 1 shall be made through the KFTC Network. However, if system use is impossible due to a malfunction or other reasons, the application may be made in writing.
Article 6 (Application for Installment Payment, etc.)
① In accordance with Article 2-23, Paragraph 1 of the Detailed Rules, a Levy Obligor wishing to apply for installment payment of the Levy shall submit the 'Foreign Exchange Stability Levy Installment Payment Application' in <Appendix 2> Form No. 2-4 to the Director General.
② If there is an application for installment payment in Paragraph 1, the approval or disapproval of the installment payment shall be notified according to the 'Foreign Exchange Stability Levy Installment Payment Approval/Disapproval Notice' in <Appendix 2> Form No. 2-5.
Article 7 (Issuance of Demand Letter)
① The issuance of a demand letter under Article 2-26, Paragraph 1 of the Detailed Rules shall be the 'Foreign Exchange Stability Levy Payment Demand Letter' in <Appendix 2> Form No. 2-6.
② The issuance of the demand letter in Paragraph 1 may be made in writing (including facsimile) or through the KFTC Network.
Article 8 (Method of Objection and Adjustment of Levy)
① In accordance with Article 2-28, Paragraph 1 of the Detailed Rules, a Levy Obligor wishing to file an objection shall submit the 'Foreign Exchange Stability Levy Adjustment Application' in <Appendix 2> Form No. 2-7 to the Director General.
② Upon receiving the application in Paragraph 1, the approval or disapproval of the Levy adjustment shall be notified according to the 'Foreign Exchange Stability Levy Adjustment Approval/Disapproval Notice' in <Appendix 2> Form No. 2-8.
③ In accordance with Article 2-28, Paragraph 3 of the Detailed Rules, if the Director General determines to adjust the Levy and conducts an on-site inspection of the applying financial institution, etc., to verify the appropriateness of the Levy calculation, the 'Foreign Exchange Stability Levy Calculation Appropriateness Verification Implementation Certificate' in <Appendix 2> Form No. 2-9 shall be issued to the Director General's staff, and the staff shall deliver it during the inspection.
Supplementary Provisions <July 28, 2011>
These procedures shall take effect from August 1, 2011.
Supplementary Provisions <January 31, 2013>
① (Effective Date) These procedures shall take effect from April 1, 2013.
② (Application Example for Levy Calculation) The amended provisions of <Appendix 1> shall apply from the Levy payment portion of the 2013 business year.
Supplementary Provisions <May 12, 2014>
These procedures shall take effect from February 2, 2015.
Supplementary Provisions <June 30, 2015>
Article 1 (Effective Date) These procedures shall take effect from July 1, 2015.
Article 2 (Application Example for Balance Calculation of Non-Deposit Foreign Currency Liabilities, etc.)
① The deduction amount for the 2015 business year corresponding to Article 2-15, Paragraphs 1 through 4 of the "Detailed Rules" shall be calculated separately for the period from the start of the 2015 business year to June 30, 2015, and the period from July 1, 2015, to the end of the 2015 business year. ② When calculating the deduction amount under Paragraph 1, the average monthly ending balance and the foreign currency deposit balance for the relevant business year shall be calculated as follows:
1. Period from the start of the 2015 business year to June 30, 2015: Average of daily balances during the period (based on contract maturity)
2. Period from July 1, 2015, to the end of the 2015 business year: Average of monthly ending balances during the period (based on remaining maturity)
③ When calculating the deduction amount under Paragraph 1, the foreign currency deposit balance of the previous business year shall be calculated as follows:
1. Period from the start of the 2015 business year to June 30, 2015: Average of daily balances during the same period of the previous business year (based on contract maturity)
2. Period from July 1, 2015, to the end of the 2015 business year: Average of monthly ending balances during the same period of the previous business year (based on remaining maturity)
Supplementary Provisions <April 7, 2020>
These procedures shall take effect from April 7, 2020.
Supplementary Provisions <January 5, 2023>
These procedures shall take effect from January 5, 2023.
Supplementary Provisions <2026. . .>
These procedures shall take effect from January 2, 2026.
<Appendix 1> Reports
Report
| Report Number | Report Name | Reporter | Remarks |
|---|---|---|---|
| 1-1 | Quarterly Report: Foreign Exchange Stability Levy Quarterly Report | Levy Obligor | FX7310 |
| 1-2 | Annual Report: Foreign Exchange Stability Levy Annual Report | Levy Obligor | FX7320 |
| 1-3 | Corrected Report: Foreign Exchange Stability Levy Corrected Report | Levy Obligor | FX7330 |
| 1-4 | Annual Report: Foreign Currency Liability Balance Report | Non-Bank Financial Institutions | — |
| 1-5 | Annual Report: Weighted Average Maturity Calculation Schedule | Levy Obligor | — |
Notes:
- Target institutions under Article 21-2 of the "Enforcement Decree of the Foreign Exchange Transaction Act"
- Foreign Exchange Computer Network Report Number
<Appendix 2> Forms, etc.
| Form No. | Form Name |
|---|---|
| 2-1 | Foreign Exchange Stability Levy Payment Notice |
| 2-2 | Foreign Exchange Stability Levy Payment Application |
| 2-3 | Foreign Exchange Stability Levy (including <Mid> Surcharge) Payment Application |
| 2-4 | Foreign Exchange Stability Levy Installment Payment Application |
| 2-5 | Foreign Exchange Stability Levy Installment Payment Approval/Disapproval Notice |
| 2-6 | Foreign Exchange Stability Levy Payment Demand Letter |
| 2-7 | Foreign Exchange Stability Levy Adjustment Application |
| 2-8 | Foreign Exchange Stability Levy Adjustment Approval/Disapproval Notice |
| 2-9 | Foreign Exchange Stability Levy Calculation Appropriateness Verification Implementation Certificate |
<Report No. 1-1> Report
Recipient: Governor of the Bank of Korea
Levy Obligor (Representative): (Signature/Seal) Reference: Director General of International Affairs Responsible Person: Title, Name Phone: (Signature/Seal)
Business Year Quarter Responsible Person:
Title, Name:
Phone:
(Signature/Seal)
Foreign Exchange Stability Levy Quarterly Report (Currency Unit: US Dollars)
| Category | Short Term (Remaining Maturity ≤ 1 Year) | Medium Term (1 Year < Remaining Maturity ≤ 3 Years) | Long Term A <c> (3 Years < Remaining Maturity ≤ 5 Years) | Long Term B <d> (Remaining Maturity > 5 Years) | Subtotal <a+b+c+d> | Domestic | Foreign | Domestic | Foreign | Domestic | Foreign | Domestic | Foreign |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| o Foreign Currency Deposits (a=suma1:a2) | XXX | XXX | |||||||||||
| - Foreign Currency Deposits Principal (a1=suma1.1:a1.3) | XXX | XXX | |||||||||||
| - Financial Institution Foreign Currency Deposits (a1.1) | XXX | ||||||||||||
| - Non-Financial Institution Time Deposits (a1.2) | XXX | ||||||||||||
| - Non-Financial Institution Other Deposits (a1.3) | XXX | ||||||||||||
| - Foreign Currency Deposits Market Value Adjustment Difference (a2=suma2.1:a2.3) | XXX | XXX | |||||||||||
| - Financial Institution Foreign Currency Deposits (a2.1) | XXX | ||||||||||||
| - Non-Financial Institution Time Deposits (a2.2) | XXX | ||||||||||||
| - Non-Financial Institution Other Deposits (a2.3) | XXX | ||||||||||||
| o Sold Foreign Exchange (b) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| o Unpaid Foreign Exchange (c) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| o Foreign Currency Call Money (d) | XXX | ||||||||||||
| o Foreign Currency Borrowings (e=sume1:e9) | XXX | XXX | |||||||||||
| - Foreign Currency Other Accounts (e1) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Bank Borrowings (e2) | XXX | ||||||||||||
| - Foreign Currency-Denominated Won Borrowings (e3) | XXX | ||||||||||||
| - Lending Borrowings (e4) | XXX | ||||||||||||
| - Foreign Currency Trust Funds (e5) | XXX | ||||||||||||
| - CP Issuance (e6) | XXX | ||||||||||||
| - Domestic Revenue Yuran-related Borrowings (e7) | XXX | ||||||||||||
| - Other Policy-related Borrowings (e8) | XXX | ||||||||||||
| - Other Non-Policy-related Borrowings (e9) | XXX | ||||||||||||
| o Foreign Currency Issued Financial Bonds (f) | XXX | ||||||||||||
| o Foreign Currency Lease Liabilities (g=sumg1:g2) | XXX | XXX | |||||||||||
| - Foreign Currency Lease Guarantee Deposits (Financial Leasing Only) (g1) | XXX | ||||||||||||
| - Other (g2) | XXX | ||||||||||||
| (Continued) |
| Category | Short Term (Remaining Maturity ≤ 1 Year) | Medium Term (1 Year < Remaining Maturity ≤ 3 Years) | Long Term A <c> (3 Years < Remaining Maturity ≤ 5 Years) | Long Term B <d> (Remaining Maturity > 5 Years) | Subtotal <a+b+c+d> | Domestic | Foreign | Domestic | Foreign | Domestic | Foreign | Domestic | Foreign |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| o Foreign Currency Income Guarantees (h=sumh1:h2) | XXX | XXX | |||||||||||
| - Foreign Currency Lease Guarantee Deposits (Financial Leasing Only) (h1) | XXX | ||||||||||||
| - Other (h2) | XXX | ||||||||||||
| o Foreign Currency Debit Card Liabilities (i) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| o Foreign Currency Export Factoring Unpaid (j) | XXX | ||||||||||||
| o Foreign Currency Repurchase Agreement Sales (k=sumk1:k3) | XXX | XXX | |||||||||||
| - Financial Institution Foreign Currency RP Sales (k1) | XXX | ||||||||||||
| - Customer Foreign Currency RP Sales (Securities Only) (k2) | XXX | ||||||||||||
| - Other (k3) | XXX | ||||||||||||
| o Levy-Applicable Foreign Branches (l) | XXX | XXX | |||||||||||
| - Gap-Gap Account (Eul Fund Approved Portion) | - | - | XXX | ||||||||||
| - Foreign Currency Other Accounts | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Domestic Revenue Yuran-related Borrowings | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Unpaid Unsettled Spot Foreign Exchange | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Other Foreign Branch Borrowings | XXX | ||||||||||||
| o Other Foreign Currency Liabilities (m=summ1:m7) | XXX | XXX | |||||||||||
| - Foreign Currency Unpaid (m1) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Foreign Currency Receivables (m2) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Foreign Currency Forward Income (m3) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Foreign Currency Unpaid Costs (m4) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Foreign Currency Unpaid Unsettled Spot Foreign Exchange (m5) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Foreign Currency Payment Guarantee Provisions (m6) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Other (m7=summ7.1:m7.3) | XXX | XXX | |||||||||||
| - Foreign Currency Lease Guarantee Deposits (Financial Leasing Only) (m7.1) | XXX | ||||||||||||
| - Foreign Currency Advance Deposits (Financial Leasing Only) (m7.2) | XXX | ||||||||||||
| - Other (m7.3) | XXX | ||||||||||||
| o Foreign Currency Derivative Liabilities (n) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| o Offshore Foreign Currency Liabilities (o=sumo1:o3) | XXX | XXX | |||||||||||
| - Offshore Foreign Currency Deposits (o1) | XXX | ||||||||||||
| - Offshore Derivative Liabilities (o2) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Other Offshore Foreign Currency Liabilities (o3) | XXX | ||||||||||||
| o Foreign Currency Liability Reserves (Insurance Only) (p) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| o Foreign Currency Bond Issuance Discount (q1) | XXX | ||||||||||||
| o Foreign Currency Present Value Discount (Levy-Applicable) (q2) | XXX | ||||||||||||
| o Foreign Currency Present Value Discount (Excluded) (q3) | XXX | ||||||||||||
| Total Foreign Currency Liabilities (T = a + b + c + d + e + f + g + h + i + j + k + l + m + n + o + p - q1 - q2) | XXX | ||||||||||||
| Levy-Excluded Liabilities (X = a + b + c + (e1 + e3 + e4 + e5 + e7 + e8) + g1 + h1 + i + k2 + (m1 + m2 + m3 + m4 + m5 + m6 + m7.1 + m7.2) + n + (o1 + o2) + p) | XXX | ||||||||||||
| Pre-Deduction Levy-Applicable Liabilities (S = T - X) | XXX | ||||||||||||
| Pre-Deduction Levy (Z = S × Rate) | XXX |
Note: Refer to Levy Report Writing Standards.
<Report No. 1-2> Report
Recipient: Governor of the Bank of Korea
Levy Obligor (Representative): (Signature/Seal) Reference: Director General of International Affairs Responsible Person: Title, Name Phone: (Signature/Seal)
Business Year Responsible Person:
Title, Name:
Phone:
(Signature/Seal)
Foreign Exchange Stability Levy Annual Report (Currency Unit: US Dollars)
| Category | Short Term (Remaining Maturity ≤ 1 Year) | Medium Term (1 Year < Remaining Maturity ≤ 3 Years) | Long Term A <c> (3 Years < Remaining Maturity ≤ 5 Years) | Long Term B <d> (Remaining Maturity > 5 Years) | Subtotal <a+b+c+d> | Domestic | Foreign | Domestic | Foreign | Domestic | Foreign | Domestic | Foreign |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| o Foreign Currency Deposits (a=suma1:a2) | XXX | XXX | |||||||||||
| - Foreign Currency Deposits Principal (a1=suma1.1:a1.3) | XXX | XXX | |||||||||||
| - Financial Institution Foreign Currency Deposits (a1.1) | XXX | ||||||||||||
| - Non-Financial Institution Time Deposits (a1.2) | XXX | ||||||||||||
| - Non-Financial Institution Other Deposits (a1.3) | XXX | ||||||||||||
| - Foreign Currency Deposits Market Value Adjustment Difference (a2=suma2.1:a2.3) | XXX | XXX | |||||||||||
| - Financial Institution Foreign Currency Deposits (a2.1) | XXX | ||||||||||||
| - Non-Financial Institution Time Deposits (a2.2) | XXX | ||||||||||||
| - Non-Financial Institution Other Deposits (a2.3) | XXX | ||||||||||||
| o Sold Foreign Exchange (b) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| o Unpaid Foreign Exchange (c) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| o Foreign Currency Call Money (d) | XXX | ||||||||||||
| o Foreign Currency Borrowings (e=sume1:e9) | XXX | XXX | |||||||||||
| - Foreign Currency Other Accounts (e1) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Bank Borrowings (e2) | XXX | ||||||||||||
| - Foreign Currency-Denominated Won Borrowings (e3) | XXX | ||||||||||||
| - Lending Borrowings (e4) | XXX | ||||||||||||
| - Foreign Currency Trust Funds (e5) | XXX | ||||||||||||
| - CP Issuance (e6) | XXX | ||||||||||||
| - Domestic Revenue Yuran-related Borrowings (e7) | XXX | ||||||||||||
| - Other Policy-related Borrowings (e8) | XXX | ||||||||||||
| - Other Non-Policy-related Borrowings (e9) | XXX | ||||||||||||
| o Foreign Currency Issued Financial Bonds (f) | XXX | ||||||||||||
| o Foreign Currency Lease Liabilities (g=sumg1:g2) | XXX | XXX | |||||||||||
| - Foreign Currency Lease Guarantee Deposits (Financial Leasing Only) (g1) | XXX | ||||||||||||
| - Other (g2) | XXX | ||||||||||||
| o Foreign Currency Income Guarantees (h) | XXX | XXX | |||||||||||
| - Foreign Currency Lease Guarantee Deposits (Financial Leasing Only) (h1) | XXX | ||||||||||||
| - Other (h2) | XXX | ||||||||||||
| (Continued) |
| Category | Short Term (Remaining Maturity ≤ 1 Year) | Medium Term (1 Year < Remaining Maturity ≤ 3 Years) | Long Term A <c> (3 Years < Remaining Maturity ≤ 5 Years) | Long Term B <d> (Remaining Maturity > 5 Years) | Subtotal <a+b+c+d> | Domestic | Foreign | Domestic | Foreign | Domestic | Foreign | Domestic | Foreign |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| o Foreign Currency Debit Card Liabilities (i) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| o Foreign Currency Export Factoring Unpaid (j) | XXX | ||||||||||||
| o Foreign Currency Repurchase Agreement Sales (k=sumk1:k3) | XXX | XXX | |||||||||||
| - Financial Institution Foreign Currency RP Sales (k1) | XXX | ||||||||||||
| - Customer Foreign Currency RP Sales (Securities Only) (k2) | XXX | ||||||||||||
| - Other (k3) | XXX | ||||||||||||
| o Levy-Applicable Foreign Branches (l) | XXX | XXX | |||||||||||
| - Gap-Gap Account (Eul Fund Approved Portion) | - | - | XXX | ||||||||||
| - Foreign Currency Other Accounts | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Domestic Revenue Yuran-related Borrowings | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Unpaid Unsettled Spot Foreign Exchange | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Other Foreign Branch Borrowings | XXX | ||||||||||||
| o Other Foreign Currency Liabilities (m=summ1:m7) | XXX | XXX | |||||||||||
| - Foreign Currency Unpaid (m1) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Foreign Currency Receivables (m2) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Foreign Currency Forward Income (m3) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Foreign Currency Unpaid Costs (m4) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Foreign Currency Unpaid Unsettled Spot Foreign Exchange (m5) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Foreign Currency Payment Guarantee Provisions (m6) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Other (m7=summ7.1:m7.3) | XXX | XXX | |||||||||||
| - Foreign Currency Lease Guarantee Deposits (Financial Leasing Only) (m7.1) | XXX | ||||||||||||
| - Foreign Currency Advance Deposits (Financial Leasing Only) (m7.2) | XXX | ||||||||||||
| - Other (m7.3) | XXX | ||||||||||||
| o Foreign Currency Derivative Liabilities (n) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| o Offshore Foreign Currency Liabilities (o=sumo1:o3) | XXX | XXX | |||||||||||
| - Offshore Foreign Currency Deposits (o1) | XXX | ||||||||||||
| - Offshore Derivative Liabilities (o2) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Other Offshore Foreign Currency Liabilities (o3) | XXX | ||||||||||||
| o Foreign Currency Liability Reserves (Insurance Only) (p) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| o Foreign Currency Bond Issuance Discount (q1) | XXX | ||||||||||||
| o Foreign Currency Present Value Discount (Levy-Applicable) (q2) | XXX | ||||||||||||
| o Foreign Currency Present Value Discount (Excluded) (q3) | XXX | ||||||||||||
| Total Foreign Currency Liabilities (T = a + b + c + d + e + f + g + h + i + j + k + l + m + n + o + p - q1 - q2) | XXX | ||||||||||||
| Levy-Excluded Liabilities (X = a + b + c + (e1 + e3 + e4 + e5 + e7 + e8) + i + (m1 + m2 + m3 + m4 + m5 + m6) + n + (o1 + o2) + p) | XXX | ||||||||||||
| Pre-Deduction Levy-Applicable Liabilities (S = T - X) | XXX | ||||||||||||
| (Continued) |
| Category | Short Term (Remaining Maturity ≤ 1 Year) | Medium Term (1 Year < Remaining Maturity ≤ 3 Years) | Long Term A <c> (3 Years < Remaining Maturity ≤ 5 Years) | Long Term B <d> (Remaining Maturity > 5 Years) | Subtotal <a+b+c+d> | Domestic | Foreign | Domestic | Foreign | Domestic | Foreign | Domestic | Foreign |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Foreign Currency Deposits Deduction Amount (Y1' = IF(Y1 > S×0.3, S×0.3, IF(Y1 < 0, 0, Y1))) | - | XXX | - | - | - | - | - | - | XXX | ||||
| o Foreign Currency Deposits Deduction Amount Calculation Target (Y1 = y1 + y2) | - | XXX | - | XXX | - | XXX | - | XXX | XXX | ||||
| - Non-Financial Institution Time Deposits Deduction (y1 = (a1.2 × 0.3 + (a1.2 - y1.1) × 0.7) × Maturity Weight) | - | XXX | - | XXX | - | XXX | - | XXX | XXX | ||||
| - Non-Financial Institution Other Deposits Deduction (y2 = (a1.3 × 0.3 + (a1.3 - y1.2) × 0.7) × Maturity Weight) | - | XXX | - | - | - | - | - | - | XXX | ||||
| <Previous Business Year Non-Financial Institution Time Deposits (Principal) (y1.1)> | XXX | ||||||||||||
| <Previous Business Year Non-Financial Institution Other Deposits (Principal) (y1.2)> | XXX | ||||||||||||
| Yuan Market Maker Deduction Amount (Y2' = IF(Y2 > S×0.15, S×0.15, IF(Y2 < 0, 0, Y2))) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| o Market Maker Incentive Deduction Amount Calculation Target (Y2 = y2.1 + y2.2 + y.2.3) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Won/Yuan Spot Foreign Exchange Daily Average Trading Volume [(Buy Amount + Sell Amount) × 1.5] (y2.1) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Won/Yuan Customer Trading Amount [(Sell Amount + Buy Amount) × 50] (y2.2) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| - Non-Deposit Foreign Currency Liabilities Denominated in Yuan (y2.3) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| Won/US Dollar Spot Foreign Exchange Forward Bank Deduction Amount (Y3' = IF(Y3 > (S×0.6) - Y1' - Y2', (S×0.6) - Y1' - Y2', IF(Y3 < 0, 0, Y3))) | XXX | - | - | - | - | - | - | - | XXX | ||||
| o Market Maker Incentive Deduction Amount Calculation Target (Y3) | XXX | - | - | - | - | - | - | - | XXX | ||||
| Post-Deduction Levy-Applicable Liabilities (U = S - Y1' - Y2' - Y3') | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| Weighted Average Maturity | - | - | - | - | - | - | - | - | XXX | ||||
| Final Applied Rate (R = 10bp - α) | XXX | XXX | - | - | - | - | - | - | XXX | ||||
| Normal Levy (Z) | XXX | ||||||||||||
| Additional Levy (V) | XXX | ||||||||||||
| Corrected Levy (R) | XXX | ||||||||||||
| Total Levy (Z + V + R) | XXX |
Note: Refer to Levy Report Writing Standards.
<Report No. 1-3> Report
Recipient: Governor of the Bank of Korea
Levy Obligor (Representative): (Signature/Seal) Reference: Director General of International Affairs Responsible Person: Title, Name Phone: (Signature/Seal)
Business Year Responsible Person:
Title, Name:
Phone:
(Signature/Seal)
Foreign Exchange Stability Levy Corrected Report
1. Corrected Levy due to Mid-Term Repayment, Liquidation, or Cancellation (1) Details of Mid-Term Repayment, Liquidation, or Cancellation by Item (Currency Unit: US Dollars)
| Foreign Currency Liability Type | Liability ID | Transaction Date | Contract Maturity Date | Mid-Term Repayment/Liquidation/Cancellation Date | Initial Maturity/Post-Change Maturity/Domestic-Foreign Status | Contract Amount (Display Currency) | Contract Amount (US Dollars) | Mid-Term Repayment/Liquidation/Cancellation Amount (Display Currency) | Mid-Term Repayment/Liquidation/Cancellation Amount (US Dollars) | Average Monthly Ending Balance of Relevant Business Year |
|---|---|---|---|---|---|---|---|---|---|---|
| XXX |
Note: Report details of mid-term repayment, liquidation, or cancellation before contract maturity. However, for foreign currency deposits, report only when the maturity of non-financial institution foreign currency deposits changes due to mid-term cancellation.
(2) Annual Corrected Levy Calculation Amount (Currency Unit: US Dollars)
| Corrected Business Year | Pre-Paid Levy (Before Correction, B) | Recalculated Levy (After Correction, A) | Corrected Levy (A - B) |
|---|---|---|---|
| XXX |
Note: Report for business years within the 5 business years prior to the previous business year where the '(1) Details of Mid-Term Repayment, Liquidation, or Cancellation' affected the pre-paid levy. Based on previously paid annual reports.
2. Corrected Levy due to Application of Additional Rate (Sum by Maturity Category) (Currency Unit: US Dollars)
| Settlement Month Additional Rate | Base Period | Additional Rate | Application Period | Base Period Annual Daily Average Balance | Previously Reported Amount | Base Period Mid-Term Repayment/Liquidation Annual Daily Average Balance | Base Period Annual Daily Average Balance (Finalized) | Application Period Annual Daily Average Balance | Previously Reported Amount | Application Period Annual Daily Average Balance (Finalized) | Additional Levy | Pre-Paid Amount* | Additional Levy (Finalized)* | Corrected Levy* |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| XXX |
Note: If the additional rate applies to a period including the settlement month, report the finalized calculation details of the pre-paid business year (1 business year prior to the previous business year). Submit detailed calculation details as an attachment (written).
Note: Refer to Levy Report Writing Standards.
<Levy Report Writing Standards>
1. Common
① Reporting Institution Group Classification: Foreign Exchange Banks (Head Office Comprehensive ), Investment & Trading Firms/Investment Intermediaries/Insurance Companies/Financial Leasing Companies (Head Office Comprehensive)
② Maturity Classification: Classified by remaining maturity into Short Term (≤ 1 year), Medium Term (> 1 year to ≤ 3 years), Long Term A (> 3 years to ≤ 5 years), and Long Term B (> 5 years). However, in case of mid-term repayment, liquidation, or cancellation, the date of such event shall be deemed the contract maturity date. However, for items where maturity classification is possible among Levy-Excluded Non-Deposit Foreign Currency Liabilities, etc., and Foreign Currency Deposits, report by remaining maturity; for items where maturity classification is difficult and Other Deposits among Foreign Currency Deposits, report as Short Term (≤ 1 year). *Foreign Currency Deposits: Time/Call Deposits, Special Deposits; Foreign Currency-Denominated Won Borrowings; Lending Borrowings; Foreign Currency Trust Funds; Borrowings from Non-Bank Institutions (Policy Funds); Foreign Branches: Gap-Gap Account (Eul Fund Limit Borrowings); Domestic Revenue Yuran-related Borrowings.
③ Domestic-Foreign Classification: If the creditor of Foreign Currency Liabilities, etc., is a resident, classify as Domestic; if a non-resident, classify as Foreign. However, only Foreign Currency Liabilities, etc., held by Local Banks under Article 2, Paragraph 1, Item 10(a) of the Banking Act and institutions under Article 21-2, Item 7 of the "Enforcement Decree" against Levy Obligors under Article 21-2 of the "Foreign Exchange Transaction Act" shall be reported as Domestic; Foreign Currency Liabilities, etc., arising from transactions with other domestic financial institutions shall be reported as Foreign.
④ Balance Calculation: Calculated according to Article 2-15 of the "Detailed Rules."
⑤ Currency Conversion: Amounts in 'US Dollars (or converted to US Dollars).' The US Dollar exchange rate shall be the buying/selling standard rate calculated by the Foreign Exchange Brokerage Company according to Article 4-3 of the "Detailed Rules," and the conversion of currencies other than US Dollars to US Dollars shall apply Article 33 of the "Procedures for Handling Foreign Exchange Transactions."
⑥ Currency Unit: Reported to two decimal places. However, (Normal, Additional, Corrected) Levy shall be rounded off at the third decimal place.
⑦ Account Item Scope and Check Logic: Refer to the 'Foreign Exchange Account Accounting Standards' in the "Banking Supervision Detailed Rules" <Appendix Table 4-1>, "Securities Business Regulations Enforcement Detailed Rules" <Appendix Table 2>, "Insurance Business Supervision Detailed Rules" <Appendix Table 4-1>, "Financial Leasing Business Supervision Detailed Rules" <Appendix Table 5-1>, and the check logic of Levy Reports (FX7310, FX7320).
⑧ Reporting Foreign Currency Deposits Market Value Adjustment Difference (a2): If market value accounting is applied to foreign currency deposits, report the difference between principal and market value.
⑨ Reporting Levy-Applicable Foreign Branches (l): Report the balance after netting (1st and 2nd). However, report individual items before netting.
- (i) 1st Netting: Subdivide the balances of Foreign Branches (Gap Account, Eul Account) by item (Excluded: Gap-Gap Account (Eul Fund Approved Portion), Foreign Currency Other Accounts, Domestic Revenue Yuran-related Borrowings Accounts, Unpaid Unsettled Spot Foreign Exchange Accounts; Applicable: Other Foreign Branch Accounts) and net the corresponding debit balances with credit balances for each item.
(ii) 2nd Netting: If there are debit balances after 1st netting, sequentially net with the credit balances of Other Foreign Branch Accounts (Applicable) by maturity and period (from Long Term to Short Term).
⑩ Reporting Other Offshore Foreign Currency Liabilities (o3): Offshore Foreign Currency Head Offices shall report assets and liabilities netted.
⑪ Reporting Mid-Term Repayment, Liquidation, or Cancellation: When mid-term repayment, liquidation, or cancellation occurs, modify and report the monthly balances by maturity of the previously reported quarterly report based on the changed maturity criteria. However, report only Foreign Currency Deposits, Applicable Items, and Levy-Excluded Non-Deposit Foreign Currency Liabilities, etc. (excluding Domestic Revenue Yuran-related Borrowings). Report detailed details of mid-term repayment or liquidation of Applicable Foreign Currency Liabilities, etc., and mid-term cancellation of Deductible Foreign Currency Deposits for previously paid business years through the Corrected Report.
⑫ Weighted Average Maturity: The maturity (Weighted Average Maturity Calculation Schedule) calculated by weighting the remaining maturity of Non-Deposit Foreign Currency Liabilities, etc., remaining at the end of the Levy Obligor's business year by the remaining amount, in 1-year units (periods over 6 months and up to 1 year are deemed 1 year).
2. Quarterly Report
① Reporting Deadline: Within the end of the month following each quarter of the business year.
② Reporting Content: Report the monthly balances of Foreign Currency Liabilities, etc., during the quarter of the business year.
③ Error Margin: Even if minor accounting errors occur that do not require accounting correction (K-IFRS Paragraph 1008, Paragraph 42, Reference to External Audit and Accounting Enforcement Detailed Rules <Appendix <Supervision Result Disposition Standard>>), the Levy Report must report the exact amount; in this case, discrepancies may occur between the Levy Report and FX6610 (Monthly Confirmation Report). However, if the error between the subtotals of the Levy Report and FX6610 (Monthly Confirmation Report) exceeds 3%, the reason must be reported.
3. Annual Report
① Reporting Deadline: Within 3 months after the settlement month of the business year.
② Reporting Content: Finalized data for Levy assessment. Calculate the sum of monthly ending balances of Non-Deposit Foreign Currency Liabilities, etc., with remaining maturity of 1 year or less during the quarterly report assessment period of the business year, divided by 12, and report accurate data reflecting the business year settlement results (if there are settlement result changes, modify and report the previously reported quarterly report before submitting the annual report). (i) Normal Levy: Calculated according to Article 2-17, Item 1 of the "Detailed Rules."\n(ii) Additional Levy: Calculated according to Article 2-17, Item 2 of the "Detailed Rules."\n(iii) Corrected Levy: Calculated according to Article 2-17, Item 3 of the "Detailed Rules."\n(iv) Total Levy: (i) + (ii) + (iii)
4. Corrected Report
① Reporting Deadline: Within 3 months after the settlement month of the business year.
② Reporting Content: Detailed calculation basis for '(iii) Corrected Levy' in 3. Annual Report ②.
(i) Mid-Term Repayment, Liquidation, or Cancellation and Installment Repayment Details:* Classify and recalculate the annual Normal Levy and Corrected Levy details by changing the maturity criteria.
- If Foreign Branch Borrowings > 1 year are mid-term repaid within 1 year, report the previously paid business year's "Gap-Gap Account (Eul Fund Approved Portion)" as Applicable and Corrected.
(ii) Additional Rate Application Details: When the additional rate applies to a period including the settlement month, and the additional rate application period or the 3 months prior to the application date daily average balance is not finalized, report the detailed calculation details of newly calculated Additional Levy using finalized data for the pre-paid business year.
<Report No. 1-4> Report
Recipient: Governor of the Bank of Korea
XXX Financial Institution (Representative): (Signature/Seal) Reference: Director General of International Affairs Responsible Person: Title, Name Phone: (Signature/Seal)
Business Year Responsible Person:
Title, Name:
Phone:
(Signature/Seal)
Note: 1) T Month is the month in which the business year end date falls.
Foreign Currency Liability Balance Report
(Currency Unit: US Dollars)
| Remaining Maturity ≤ 1 Year Non-Deposit Foreign Currency Liabilities Monthly Ending Balance Average | T-11 Month | T-10 Month | T-9 Month | T-8 Month | T-7 Month | T-6 Month | T-5 Month | T-4 Month | T-3 Month | T-2 Month | T-1 Month | T Month 1) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| o Foreign Currency Deposits | XXX | |||||||||||
| o Sold Foreign Exchange | XXX | |||||||||||
| o Unpaid Foreign Exchange | XXX | |||||||||||
| o Foreign Currency Call Money | XXX | |||||||||||
| o Foreign Currency Borrowings | XXX | |||||||||||
| o Foreign Currency Issued Financial Bonds | XXX | |||||||||||
| o Foreign Currency Lease Liabilities | XXX | |||||||||||
| o Foreign Currency Income Guarantees | XXX | |||||||||||
| o Foreign Currency Debit Card Liabilities | XXX | |||||||||||
| o Foreign Currency Export Factoring Unpaid | XXX | |||||||||||
| o Foreign Currency Repurchase Agreement Sales | XXX | |||||||||||
| o Levy-Applicable Foreign Branches | XXX | |||||||||||
| o Other Foreign Currency Liabilities | XXX | |||||||||||
| o Foreign Currency Derivative Liabilities | XXX | |||||||||||
| o Offshore Foreign Currency Liabilities | XXX | |||||||||||
| o Foreign Currency Liability Reserves | XXX | |||||||||||
| o Foreign Currency Bond Issuance Discount | XXX | |||||||||||
| o Foreign Currency Present Value Discount (Applicable) | XXX | |||||||||||
| o Foreign Currency Present Value Discount (Excluded) | XXX | |||||||||||
| Total Foreign Currency Liabilities (T) | XXX | |||||||||||
| Levy-Excluded Liabilities (X) | XXX | |||||||||||
| Non-Deposit Foreign Currency Liabilities (S = T - X) | XXX |
<Report No. 1-5> Report
Recipient: Governor of the Bank of Korea
Levy Obligor (Representative): (Signature/Seal) Reference: Director General of International Affairs Responsible Person: Title, Name Phone: (Signature/Seal)
Business Year Responsible Person:
Title, Name:
Phone:
(Signature/Seal)
Note: 1) Remaining maturity is classified in 1-year units, and periods over 6 months (0.5 years) and up to 1 year are deemed 1 year.
Precautions for Writing:
1) Report Weight (%) and Weighted Average Maturity (Years) rounded off at the third decimal place to two decimal places.
2) The number of days corresponding to 6 months is 181 days (182 days in leap years).
Weighted Average Maturity Calculation Schedule (Unit: US Dollars)
| FX7310 Account Code | Business Year End Remaining Maturity Balance Classification 1) | ~ Total | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.5 Years | 0.5 Years ~ 1.5 Years | 1.5 Years ~ 2.5 Years | 2.5 Years ~ 3.5 Years | 3.5 Years ~ 4.5 Years | 4.5 Years ~ 5.5 Years | 5.5 Years ~ 6.5 Years | 6.5 Years ~ 7.5 Years | 7.5 Years ~ 8.5 Years | 8.5 Years ~ 9.5 Years | 9.5 Years ~ 10.5 Years | 10.5 Years ~ 11.5 Years | 11.5 Years ~ 12.5 Years | 12.5 Years ~ 13.5 Years | 13.5 Years ~ 14.5 Years | 14.5 Years ~ 15.5 Years | 15.5 Years ~ 16.5 Years | 16.5 Years ~ 17.5 Years | 17.5 Years ~ 18.5 Years | 18.5 Years ~ 19.5 Years | 19.5 Years ~ 20 Years | ||
| o Foreign Currency Call Money (a) | 604000 | XXX | ||||||||||||||||||||
| o Levy-Applicable Foreign Currency Borrowings (b=sumb1:b3) | XXX | |||||||||||||||||||||
| - Bank Borrowings (b1) | 605020 | XXX | ||||||||||||||||||||
| - CP Issuance (b2) | 605060 | XXX | ||||||||||||||||||||
| - Other Non-Policy-related Borrowings (b3) | 605090 | XXX | ||||||||||||||||||||
| o Foreign Currency Issued Financial Bonds (c) | 606000 | XXX | ||||||||||||||||||||
| o Levy-Applicable Foreign Currency Lease Liabilities (d) | 607020 | XXX | ||||||||||||||||||||
| o Levy-Applicable Foreign Currency Income Guarantees (e) | 608020 | XXX | ||||||||||||||||||||
| o Foreign Currency Export Factoring Unpaid (f) | 610000 | XXX | ||||||||||||||||||||
| o Levy-Applicable Foreign Currency Repurchase Agreement Sales (g=sumg1:g2) | XXX | |||||||||||||||||||||
| - Financial Institution Foreign Currency RP Sales (g1) | 611010 | XXX | ||||||||||||||||||||
| - Other Foreign Currency RP Sales (g2) | 611030 | XXX | ||||||||||||||||||||
| o Levy-Applicable Foreign Branches (h) | 612000 | XXX | ||||||||||||||||||||
| o Levy-Applicable Other Foreign Currency Liabilities (i) | 613073 | XXX | ||||||||||||||||||||
| o Levy-Applicable Offshore Foreign Currency Liabilities (j) | 615030 | XXX | ||||||||||||||||||||
| o Foreign Currency Bond Issuance Discount (k1) | 616000 | XXX | ||||||||||||||||||||
| o Foreign Currency Present Value Discount (Levy-Applicable) (k2) | 617000 | XXX | ||||||||||||||||||||
| Non-Deposit Foreign Currency Liabilities (S = a + b + c + d + e + f + g + h + i + j - k1 - k2) | 687000 | XXX | ||||||||||||||||||||
| Weight (W) | XXX | 100% | ||||||||||||||||||||
| Maturity (E) | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | |
| Weighted Average Maturity (R = W * E) | XXX |
<Report No. 2-1> Form <Enacted 2011.8.1>
(Page 1)
Foreign Exchange Stability Levy Calculation Basis This Levy is the calculation details of the Foreign Exchange Stability Levy that your financial institution must pay during the ( ) business year.
| Category | (A) Normal Levy | (B) Additional Levy | (C) Corrected Levy |
|---|---|---|---|
| ① Previous Business Year | |||
| ② ①-1 Business Year | |||
| ③ ①-2 Business Year | |||
| ④ ①-3 Business Year | |||
| ⑤ ①-4 Business Year | |||
| ⑥ ①-5 Business Year | |||
| Subtotal |
The notified amount within the payment period is USD equal to A + B + C. Payment Deadline: If the payment period expires, a surcharge of 3% is added if the delinquency period (the period from the day after the Levy payment deadline to the day before the payment date) is 1 month or less. If the delinquency period exceeds 1 month, an additional surcharge of 1% is added for each month. However, the period subject to the additional surcharge is a maximum of 6 months.
If you have any questions regarding this Foreign Exchange Stability Levy Notice, please contact the Foreign Exchange Accounting Team, International Affairs, Bank of Korea (☎02-759-OOOO).
Foreign Exchange Stability Levy Payment Notice
| Item | Details |
|---|---|
| Notice Number | |
| Classification Code | KFTC Network |
| Participating Institution Code | |
| Issue Date | |
| Category | |
| Levy Obligor (Representative) | |
| Business Registration Number | |
| Business Year | |
| Assessment Year | |
| Business Place (Address) | |
| Payment Deadline | End of the month following the notice month (20xx. xx. xx) |
| Payment Amount | USD |
Please pay the above amount through the Bank of Korea KFTC Network.
Date: Year Month Day
Governor of the Bank of Korea: (Signature/Seal)
(Page 2)
Foreign Exchange Stability Levy Payment Receipt (Bank of Korea Use)
| Item | Details |
|---|---|
| Notice Number | |
| Classification Code | KFTC Network |
| Participating Institution Code | |
| Issue Date | |
| Category | |
| Levy Obligor (Representative) | |
| Business Registration Number | |
| Business Year | |
| Assessment Year | |
| Business Place (Address) | |
| Payment Deadline | End of the month following the notice month (20xx. xx. xx) |
| Payment Amount | USD |
We hereby acknowledge receipt of the above amount.
Date: Year Month Day
Bank of Korea Foreign Exchange Stabilization Fund Disbursement and Collection Office Director General of International Affairs, Collector
Foreign Exchange Stability Levy Payment Receipt (Financial Institution Use)
| Item | Details |
|---|---|
| Notice Number | |
| Classification Code | KFTC Network |
| Participating Institution Code | |
| Issue Date | |
| Category | |
| Levy Obligor (Representative) | |
| Business Registration Number | |
| Business Year | |
| Assessment Year | |
| Business Place (Address) | |
| Payment Deadline | End of the month following the notice month (20xx. xx. xx) |
| Payment Amount | USD |
We hereby acknowledge receipt of the above amount.
Date: Year Month Day
Bank of Korea Foreign Exchange Stabilization Fund Disbursement and Collection Office Director General of International Affairs, Collector
(Page 3)
Instructions
- Foreign Exchange Stability Levy (hereinafter 'Levy') shall be paid in US Dollars through the Foreign Currency Deposits Account opened at the Bank of Korea by the end of the month following the notice month (payment deadline).
- Surcharge cannot be paid separately from the Levy.
- The Levy payment application must be made through the KFTC Network at least 1 day before the scheduled payment date, and the foreign currency fund deposit application must be completed before the foreign currency fund deposit application input end time (3:55 PM) on the scheduled payment date.
- If the payment deadline falls on a New York Foreign Exchange Market holiday, payment must be made by the previous business day.
- If there is an error in the notified Levy amount, an adjustment application may be filed within 15 days from the date of receiving the notice.
- If the payment period expires, a surcharge of 3% is added if the delinquency period (the period from the day after the Levy payment deadline to the day before the payment date) is 1 month or less. If the delinquency period exceeds 1 month, an additional surcharge of 1% is added for each month. However, the period subject to the additional surcharge is a maximum of 6 months.
- If not fully paid by the payment deadline, a demand letter will be issued. If not fully paid by the demand payment deadline (maximum: Payment Deadline + 7 months), assets will be seized according to the example of national tax delinquency collection.
- If the Levy calculation basis and payment notice are lost, they can be viewed and reissued through the KFTC Network.
- Please keep the payment receipt for 5 years as evidence of payment.
<Report No. 2-2> Form <Enacted 2011.8.1>
Foreign Exchange Stability Levy Payment Application
| Item | Details |
|---|---|
| Notice Number | |
| Classification Code | KFTC Network |
| Participating Institution Code | |
| Issue Date | |
| Category | |
| Levy Obligor (Representative) | |
| Business Registration Number | |
| Business Year | |
| Payment Application Date * | |
| Assessment Year | |
| Scheduled Payment Date | |
| Business Place (Address) | |
| Payment Deadline | |
| Notified Levy Amount | USD |
| Applied Levy Amount | USD |
- The payment application must be made at least 1 day before the scheduled payment date.
- On the scheduled payment date, the KFTC Network's foreign currency fund deposit application and the actual deposit into the Bank of Korea's overseas foreign exchange bank account for the applied Levy amount must be completed.
<Report No. 2-3> Form <Enacted 2011.8.1>
Foreign Exchange Stability Levy (including <Mid> Surcharge) Payment Application
| Item | Details | |
|---|---|---|
| Notice Number | ||
| Classification Code | KFTC Network | |
| Participating Institution Code | ||
| Demand Notice Date | ||
| Issue Date | ||
| Category | ||
| Levy Obligor (Representative) | ||
| Business Registration Number | ||
| Business Year | ||
| Payment Application Date * | ||
| Scheduled Payment Date | ||
| Assessment Year | ||
| Delinquency Period ( ) Months | ||
| Business Place (Address) | ||
| Total Applied Levy Amount (A + B) | USD | |
| Foreign Exchange Stability Levy (A) | ||
| <Within Payment Deadline> | USD | |
| Surcharge (B) | USD | |
| <Mid> Surcharge Calculation Method | ||
| Demand Payment Deadline | <Mid> Surcharge (B) | Total Levy Amount (A) + <(B) Cumulative Surcharge> |
| End of Month +1 after Payment Deadline | ① Surcharge, A * 3% | (A + ①) USD |
| End of Month +2 after Payment Deadline | ② Additional Surcharge, A * 1% | (A + ① + ②) USD |
| End of Month +3 after Payment Deadline | ③ " | (A + ① + ② + ③) USD |
| End of Month +4 after Payment Deadline | ④ " | (A + ① + ② + ③ + ④) USD |
| End of Month +5 after Payment Deadline | ⑤ " | (A + ① + ② + ③ + ④ |
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- Obligation 47
- Permission 6
- Definition / condition 61
- Reporting template 359
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