KB Securities Offers Online Trading Service for Brazilian Government Bonds
[Asia Economy Reporter Kwon Jaehee] KB Securities announced on the 31st that it has expanded and revamped its foreign currency bond online trading service by strengthening its product lineup to allow trading not only of existing U.S. Treasury bonds but also Brazilian government bonds denominated in Brazilian Real online.
Brazilian government bonds denominated in Brazilian Real are tax-exempt bonds under the "Korea-Brazil Tax Treaty," meaning individual investors are exempt from taxation on foreign exchange gains and interest income.
The Brazilian government bonds maturing in January 2023 are currently trading at around an annual interest rate of 12% as of March 31, and foreign exchange gains are possible when the Brazilian Real strengthens. However, caution is required as losses may occur due to exchange rate fluctuations and interest rate changes if sold prematurely.
KB Securities' foreign currency bond online trading service, launched in 2020, is available on weekdays from 9:30 AM to 4:00 PM. Investors can check information such as bond interest rates and exchange rates in advance, allowing them to decide their own trading timing. Additionally, trading online may offer cost advantages. However, trading conditions can change daily, and it should be noted that it takes two business days from order placement to execution.
Lee Min-hwang, Head of the Asset Management Solution Center at KB Securities, said, "Due to the recent rise in commodity prices, investor interest in Brazilian government bonds has increased, leading us to launch the Brazilian government bond online trading service. We will continue to strive to provide services that meet customers' needs for global asset allocation."
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Meanwhile, KB Securities' foreign currency bond online trading service is available on KB Securities' MTS 'M-able' and HTS 'H-able'. U.S. Treasury bonds can be traded in minimum amounts of $100 (approximately 120,000 KRW), and Brazilian government bonds denominated in Brazilian Real can be traded in units of one bond (approximately 250,000 KRW).
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