Pre-Registration for "Hantoo Foreign Currency RP" Begins
Short-Term Dollar Investment Product with Up to 5.5% Annual Interest
Toss Bank announced the launch of "Hantoo Foreign Currency RP," a foreign currency repurchase agreement (RP) product in partnership with Korea Investment & Securities. Prior to the official launch, pre-registration will be available through the Toss Bank application (app) starting from June 2.
The "Foreign Currency RP" is a representative short-term foreign currency investment product that invests in high-credit assets issued by governments or financial institutions. It is characterized by offering both relatively high stability and short-term profitability. It has become popular among investors seeking higher returns than deposit interest rates in a low-interest environment, as it allows them to pursue both stability and profitability in US dollars.
The "Hantoo Foreign Currency RP" is a 31-day maturity foreign currency RP product managed by Korea Investment & Securities. Pre-registered customers will receive a preferential annual interest rate of 5.5% (before tax). For regular subscriptions, the base annual interest rate is 5.0%, but by simply pre-registering, customers can receive an additional 0.5 percentage point interest rate benefit. Pre-registration is available through the Toss Bank app from May 28 to June 2, and customers who pre-register will receive a notification when official sales begin.
Product subscription is available at all times except for approximately 40 minutes during the daily Korea Investment & Securities system maintenance period from 11:30 PM to 12:10 AM, and for about 3 hours from 6:00 AM to 9:00 AM when the domestic foreign exchange market is closed.
Eligible subscribers are Korean nationals residing in Korea who are at least 19 years old and hold an account linked with Toss Bank. The minimum subscription amount is 100 US dollars, and sales will end once the sales limit is reached. When purchasing the "Hantoo Foreign Currency RP" through Toss Bank, each customer can receive up to a 90% preferential exchange rate.
A Toss Bank representative stated, "By expanding our foreign currency investment products to include not only US Treasury bonds but also foreign currency RPs, we are able to provide customers with more diverse and flexible global investment opportunities," adding, "This will serve as a useful investment alternative for investors who consider both stability and profitability."
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