Daishin Securities Launches Japanese Yen-Denominated Repurchase Agreement Bonds

Variable interest rate 0.15% per annum
Fixed interest rate up to 0.25% per annum offered

Daishin Securities announced on the 6th that it will start selling repurchase agreements (RP) for short-term investment in Japanese yen from the 9th.

RP is a bond issued by financial institutions under the condition that it will be repurchased after a certain period with a fixed interest rate added. Foreign currency-denominated RPs allow safe holding of foreign currency while enabling frequent deposits and withdrawals, making them suitable for short-term fund management.

Customers trading Japanese stocks can earn interest on uninvested deposits arising during transactions by using yen-denominated RPs.

The interest rates for Japanese yen RPs vary depending on whether the product is a demand-type or a fixed-term type. As a reference, the demand-type product offers a pre-tax annual interest rate of 0.15%, while the fixed-term product provides a pre-tax annual yield ranging from 0.15% to 0.25% depending on the period.

Daishin Securities also offers foreign currency-denominated RP products such as US dollar RPs in addition to yen. The stated yields are as of December 4, 2024, and the RP yields applied at deposit are the agreed yields announced by the company. The announced yields may fluctuate depending on market interest rate conditions.