Mirae Asset Securities Surpasses 50 Billion Yen in JPY RP Balance

Mirae Asset Securities announced on the 17th that as of the 10th, the balance of Japanese yen repurchase agreements (RP) exceeded 50 billion yen (approximately 495 billion KRW).

Yonhap News

Launched last year, Mirae Asset Securities' yen RP products have steadily expanded their balance, mainly driven by corporate investors requiring short-term fund management. Recently, as the Korean won to yen exchange rate approached the high 900 won range, highlighting a strong yen trend, investor interest has intensified.

The demand RP offers a pre-tax annual yield of 0.15%, while the fixed RP provides a pre-tax annual yield of 0.20?0.25% (for individuals and corporations, as of the 11th).

Mirae Asset Securities has a full lineup of RP products in the four major currencies: yen, dollar, euro, and yuan. Additionally, it supports an 'automatic purchase RP' service that automatically trades RP for foreign currency deposits denominated in these currencies, providing convenience to customers investing in various currencies across major global stock markets.

A representative from Mirae Asset Securities stated, "As the U.S. stock market undergoes a correction and the Chinese and European stock markets perform well, the balances of yuan and euro RPs are also increasing," adding, "Mirae Asset Securities' diverse foreign currency RP products can assist customers in adjusting their foreign currency portfolios."

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