Handling currencies:
US Dollar, Euro, Canadian Dollar, Australian Dollar, NZ Dollar, South African Rand, Turkish Lira, RMB, Mexican Peso
About foreign currency deposits:
The “Foreign Currency Deposit” purchased in this transaction can be used for the following transactions.
- Purchase of bonds denominated in the same currency that are being handled
- The Sale of foreign currency deposits (for dollar exchange)
- Purchase of foreign currency-denominated MMF (Money Market Fund) in the same currency
- Purchase of US stocks (transfer to foreign stock trading account)
Transaction time zone:
Generally, you can order every day.
However, there are restrictions on ordering during the following times.
- Order reception stop time 3: 00-5: 00, business days 14: 00-15: 00/15: 30-17: 00
- Times when there are restrictions on orders
- Purchase orders (dollar ⇒ foreign currency) during times other than 10:00 to 14:00 on business days can only be specified in dollars.
Order acceptance restrictions:
The maximum number of shares that can be ordered per order: 250,000 shares and the maximum amount of shares that can be ordered per order: US $ 9,899,999.99
For orders over 10,000 shares, if one order exceeds 30% of the average daily trading volume of the stock in the listed market over the last 30 days, it will not be accepted.
Order channel:
- PC (PC web, market speed)
- Smartphone (iSPEED app iPhone/Android)
- Customer service center
About the contract:
It is a contract only on business days. After the order for the contract on the day is closed at 14:00 on the contract day, the contract exchange rate will be decided based on the actual exchange rate around 14:30 and the contract will be executed.
Orders placed after the order is closed will be fulfilled on the next business day.
Cancellation of orders:
Orders can be canceled until 14:00 on the contract date.
Contract exchange rate:
The exchange rate will be the actual exchange rate of the company around 14:30 on the contract date, plus the exchange fee for foreign currency purchases, and deductions for foreign currency sales.
Fee:
Exchange fee (one way per currency)
Delivery date:
In principle 2 business days later
However, the delivery date may be after 3 business days due to overseas holidays. You can check the delivery date after considering overseas holidays from the order execution list.
Amount available for purchase and amount available for withdrawal:
Purchase of foreign currency deposits (dollar → foreign currency) the purchased foreign currency can use for trading bonds denominated in the same currency and MMF denominated in foreign currency from around 15:00 on the contract date.
Sale of foreign currency deposit (foreign currency → US currency), the sale price (dollar currency) can be used for other transactions from around 15:00 on the contract date.
Withdrawal instructions will be available after 20:29 on the business day before the delivery date.
Trading channel:
In principle, they will be accepted via a website (PC). However, if the amount of all orders for sale is less than the minimum transaction unit, it will be accepted by phone (call center).
Risks related to transactions of foreign stocks, etc.:
Foreign stocks etc. may suffer losses due to fluctuations in stock prices (price). In addition, there is a risk of loss (exchange loss) due to fluctuations in exchange rates. Exchange-traded funds (ETFs) have fluctuations in indexes and indicators that are linked, and listed investment securities (ETNs) have fluctuations in indexes and indicators that are linked and credit of financial institutions that are issuers. Exchange-traded funds (REITs) may also lose money due to fluctuations in the prices of managed real estate and profitability due to deterioration of power.
Summary:
During the trading hours, trading may be suspended if the exchange rate fluctuates significantly. Due to the suspension of transactions, the order being placed (before execution) may expire.
The balance of foreign currency deposits will be displayed on the balance inquiry screen, but the dollar-converted valuation amount will not be displayed. Please note that it will not be added to the value of assets under custody.
Customers’ assets are managed separately in accordance with the laws and regulations of the Financial Instruments and Exchange Act, Investor Protection Fund, Financial Instruments Exchange etc. Customers’ foreign currency deposits are deposited in foreign currencies, but the same amount of US dollar is entrusted to a trust bank.
Foreign currency deposits always carry an inherent risk of currency fluctuations. Therefore, if the exchange rate fluctuates and the dollar strengthens, the dollar-converted value of foreign currencies may decline, causing a loss of principal on a dollar basis. In addition, by paying the exchange fee prescribed, even if the exchange rate does not fluctuate, the dollar conversion amount at the time of selling foreign currency may be less than the initial dollar amount, resulting in a loss.*
*Correct at the time of publication, absolutely no liability is accepted for loss for this article, errors or omissions and independent financial advice should be sought prior to any actual trades.
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