Daishin Securities Co. said on the 7th that it will offer a special sale of an annual 7% repurchase agreement (RP) product exclusively for brokerage-type individual savings accounts (ISA).
The product is exclusive to customers who hold brokerage-type ISA accounts, with an investment limit of 5 million won per person and a term of 60 days. If held to maturity, a special rate of 7% per year applies.
After the term ends, it will be reinvested at the automatic personal RP rate at that time. The sales period runs through Dec. 31 this year and may end early if the limit is exhausted.
Daishin Securities Co. plans to use this special RP to provide brokerage-type ISA customers with a means of managing short-term funds and to expand opportunities for stable revenue.
Details about the product and event applications can be found through Daishin Securities Co.'s mobile trading systems, "CREON" and "CYBOS."
Cho Tae-won, head of customer solutions at Daishin Securities Co., said, "This special RP could be an alternative for customers considering short-term fund management."