60-day RP with 20 million won purchase limit
Up to 1 million won for ISA transfers from other firms
Daishin Securities announced Thursday it will offer a special repurchase agreement (RP) at an annual rate of 7 percent exclusively for brokerage-type individual savings account (ISA) customers, along with investment support bonuses tied to domestic share purchases and fund transfers.
Starting Thursday, the company will sell 60-day special RPs at an annual rate of 7.0 percent (pre-tax) exclusively for brokerage-type ISA holders. The per-customer purchase limit has been expanded from 5 million won to 20 million won. The offer runs through Dec. 31 and will close early if the limit is exhausted.
An RP is a short-term financial product in which a securities firm sells customers bonds or other securities it holds, with a commitment to repurchase them after a set period, paying agreed-upon interest in the meantime.
Customers who make net purchases of domestic shares through a brokerage-type ISA will also receive investment support payments. Those who net-buy 1 million won or more in domestic shares by Nov. 30 will receive 10,000 won, while those who net-buy 10 million won or more will receive 30,000 won.
Customers who make net deposits into a brokerage-type ISA will receive up to 200,000 won depending on the amount. The payouts are: 5,000 won for net deposits of 1 million won or more; 10,000 won for 5 million won or more; 30,000 won for 10 million won or more; 50,000 won for 20 million won or more; 70,000 won for 30 million won or more; 100,000 won for 50 million won or more; and 200,000 won for 100 million won or more.
Customers who transfer an ISA from another financial institution to Daishin Securities will receive up to 1 million won in investment support. The payouts by transfer amount are: 10,000 won for 1 million won or more; 30,000 won for 5 million won or more; 60,000 won for 10 million won or more; 100,000 won for 20 million won or more; 150,000 won for 30 million won or more; 300,000 won for 50 million won or more; 600,000 won for 100 million won or more; and 1 million won for 200 million won or more.
"An ISA allows customers to manage a variety of financial products within a single account while also enjoying tax benefits," said Jo Tae-won, head of Daishin Securities' customer solutions division. "We hope this event gives customers a broader opportunity to make full use of their ISA."
moon@heraldcorp.com
