Eugene Investment & Securities, Integrated Margin Service

Eugene Investment & Securities has launched the ‘Integrated Margin Service,’ which allows trading of overseas stocks without separate currency exchange.

The ‘Integrated Margin Service’ enables the use of deposits in Korean won, other currencies, or the expected settlement amount from the sale of domestic and overseas stocks as purchase margin, in addition to the trading currency of the respective overseas stock market. On the settlement date, the necessary amount is automatically converted into the trading currency of the relevant stock market.

When customers use the Integrated Margin Service, they can conveniently trade domestic and overseas stocks without being restricted by currency exchange or settlement dates. Even if investors hold only Korean won without currency exchange, overseas stock purchases are made based on the announced final exchange rate. When selling overseas stocks, it is possible to purchase domestic stocks as well as overseas stocks from other countries using the expected settlement amount from the sale, even if the settlement has not yet been completed.

Before the Integrated Margin Service was supported, investors had to wait until the settlement date after selling domestic stocks to purchase overseas stocks with the sale proceeds. With the Integrated Margin Service, overseas stocks can be purchased immediately using the expected settlement amount from the sale of domestic stocks.

The service covers five countries: Korea, the United States, China, Hong Kong, and Japan. Currency exchange is basically applied in the order of KRW (Korean won), USD (US dollar), CNY (Chinese yuan), HKD (Hong Kong dollar), and JPY (Japanese yen), but customers can freely change the target countries and the order of currency exchange.

To celebrate the launch of the Integrated Margin Service, Eugene Investment & Securities has prepared an opening event. Until the 30th, customers holding online accounts (excluding branch accounts) who apply for the Integrated Margin Service will be entered into a draw where 200 winners will receive one Starbucks Americano each.

Customers who apply for the Integrated Margin Service and trade overseas stocks worth more than 3 million KRW during the event period will also have a chance to win one share of popular overseas stocks. Eugene Investment & Securities will select 100 winners from these customers and provide one share each of NVIDIA (1 winner), Tesla (2 winners), Starbucks (3 winners), Coca-Cola (4 winners), and TIGER US Nasdaq 100 TR(H) (90 winners).

Suh Sang-jin, Channel Operations Team Leader at Eugene Investment & Securities, said, “We have prepared this Integrated Margin Service to enhance the convenience of overseas stock trading for our customers,” adding, “We will continue to introduce various services to support successful investments by overseas stock investors.”

For more details about the Integrated Margin Service and the opening event, please refer to the Eugene Investment & Securities website or contact the Customer Satisfaction Center.