Daol Investment & Securities (CEO Hwang Junho) will hold the 'Stock Lending Service Event Season 2' until August.
The stock lending service allows customers to lend their owned stocks to institutional investors and other borrowers through the securities company, earning a lending fee in return.
Season 2 features an increased maximum cash reward benefit of up to 21 million won, and the benefit period has been extended to six months.
Rewards are provided up to six times, once a month, based on the average monthly balance starting from the month after the event application. For example, if a customer applies for the event in March, the average balance for April is calculated, and the first reward is paid in May.
For the first to third reward payments, customers receive 50,000 won per 100 million won of average monthly balance (up to 5 million won per month) when the balance is at least 100 million won; 30,000 won for balances between 50 million won and less than 100 million won; and 10,000 won for balances between 30 million won and less than 50 million won.
For the fourth to sixth reward payments, customers receive 20,000 won per 100 million won of average monthly balance (up to 2 million won per month) when the balance is at least 100 million won; 10,000 won for balances between 50 million won and less than 100 million won; and 5,000 won for balances between 30 million won and less than 50 million won. Customers who participated in Season 1 can also receive the fourth to sixth rewards if they maintain their balances.
The event is open to both existing and new customers who have signed up for the stock lending service at Daol Investment & Securities. The application period runs until August 31. To participate, customers must apply for the event via the Mobile Trading System (MTS) or the Home Trading System (HTS).
An event for 'brokerage-type ISA (Individual Savings Account)' customers has also been prepared. For new and existing brokerage-type ISA customers, the domestic stock commission fee is preferentially applied at 0.00363%. Customers who open an ISA account and make their first transaction of at least 1 million won during the event period will receive up to six shares of domestic stocks worth up to 1 million won, given at random.
A representative from Daol Investment & Securities said, "Stock lending is an effective investment strategy that allows you to earn additional profits from your holdings beyond capital gains. We hope that this event, which allows customers to experience the stock lending service along with reward benefits, will help them successfully grow their assets."
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