Shinhan Investment Corp. Launches PTP-Shinhan ETN Transfer Event

Photo by Shinhan Investment Corp.

[Asia Economy Reporter Lee Jung-yoon] Shinhan Investment Corp. announced on the 23rd that it will hold a PTP-Shinhan ETN transfer event, giving prizes by lottery to customers who trade more than 10,000 shares of five types of Exchange Traded Notes (ETNs).

The event will be held from the day before until January 31 next year. PTP (Publicly Traded Partnership) refers to stocks listed on the U.S. stock market that are operated in the form of partnerships, with representative examples being Exchange Traded Funds (ETFs) investing in commodities and energy such as crude oil and natural gas. Since the U.S. Internal Revenue Service (IRS) will withhold 10% tax on the sale amount of PTP stocks traded by non-resident aliens from January 1, 2023, regardless of the profit or loss of the stocks, domestic listed ETNs tracking overseas commodity products are gaining attention as alternative products.

This event targets Shinhan Investment Corp. customers who have traded U.S. ETFs at least once from January 1 to December 31 of this year. During the event period, customers who trade a combined total of more than 10,000 shares of five Shinhan Investment Corp. ETNs (Shinhan S&P500 VIX S/T Futures ETN C, Shinhan Bloomberg Leverage WTI Crude Oil Futures ETN, Shinhan Bloomberg Inverse 2X WTI Crude Oil Futures ETN, Shinhan Bloomberg 2X Natural Gas Futures ETN(H), Shinhan Bloomberg -2X Natural Gas Futures ETN(H)) will be automatically entered into the event.

The prize drawing will be held after the event ends, and prizes will be awarded by lottery, including one Samsung Smart TV, two Samsung laptops, three Samsung air purifiers, three Galaxy Tabs, five beam projectors, ten Galaxy Watch5s, ten Galaxy Buds2 Pro, and thirty mobile Shinsegae gift certificates worth 100,000 KRW each.

This content was produced with the assistance of AI translation services.