Mirae Asset Securities Launches Renminbi and Yen RP

Mirae Asset Securities announced on the 3rd that it has launched repurchase agreement (RP) products tradable in Chinese Yuan and Japanese Yen.

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The newly launched Chinese Yuan RP offers a pre-tax annual yield of 1.5% for on-demand products and 1.6-1.7% pre-tax annual yield depending on maturity for fixed-term products. The Japanese Yen RP provides a pre-tax annual yield of 0.15% for on-demand products and 0.2-0.25% pre-tax annual yield depending on maturity for fixed-term products. Trading of the Chinese Yuan RP began on the 27th of last month, and the Japanese Yen RP is available for trading starting today.

With the addition of new currencies alongside the existing US Dollar RP products, investors can now manage funds in a wider variety of currencies with fixed yields.

The 'Automatic Foreign Currency Deposit RP Purchase' product, which automatically trades RPs for foreign currency deposits, has added Japanese Yen to the existing US Dollar, Chinese Yuan, and Hong Kong Dollar options. For accounts with this agreement, a pre-tax annual interest rate of 0.1% is paid on Japanese Yen deposits.

Additionally, the interest rate applied to the Chinese Yuan automatic purchase RP has been increased from 1% to 1.3% pre-tax annually, which is expected to assist investors with deposits invested in the Japanese and Chinese stock markets.

Detailed information regarding the yields by contract maturity for foreign currency RP products, minimum trading amounts, trading hours, early redemption rates, and online trading methods can be found on the Mirae Asset Securities website, mobile trading system (MTS), and customer center.

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