Shinhan Investment Corp. Launches Exclusive Special RP for Super SOL

Shinhan Investment Corp. announced on the 21st that it will sell a special RP exclusively for Super SOL, offering a preferential pre-tax annual yield of 5.5% (28-day term), until January 12 next year.

This event was prepared to commemorate the launch of 'Shinhan Super SOL,' the integrated app of Shinhan Financial Group. It is available to all customers who download the Shinhan Super SOL application and register for won-denominated RP transactions.

Sales are limited to a total cap of 50 billion KRW, with a maximum subscription of up to 1 million KRW per person. The maturity period is 28 days from the subscription date, and the agreed interest rate is paid without penalty even in case of early termination. Eligible accounts for subscription include general trust accounts (including bank partnership accounts) and CMA accounts. After the 28-day maturity, general trust accounts will be reinvested at the demand RP (repurchase agreement) yield at maturity, and CMA RP accounts will be reinvested at the CMA RP yield. Subscriptions are only possible through the Shinhan Super SOL app. RP purchase is available on business days from 8:40 AM to 4:30 PM.

RP refers to bonds secured mainly by government bonds, local government bonds, monetary stabilization bonds, and high-grade corporate bonds, which pay the promised interest and principal after a certain period under the condition of repurchase.

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