Sony Bank Securities and Sony Bank to Launch Securities Intermediary Services from October 1, 2007
September 18, 2007
Sony Bank Inc., an 88%-owned subsidiary of Sony Financial Holdings, announces the October 1, 2007 launch of securities intermediary services by its wholly-owned subsidiary, Sony Bank Securities Inc.
Sony Bank Securities, which will specialize in online securities trading, will offer medium- to long-term marketable securities investment services to Sony Bank accountholders. Applications to open brokerage accounts will be accepted via Sony Bank's MONEYKit service internet website from October 1, 2007, and transaction orders will be accepted from October 15, 2007. Sony Bank Securities will handle trades of Japanese stocks listed on the main domestic markets for a fixed 0.105% brokerage fee (minimum fee: ¥840). Fees are set at these reasonable levels to encourage online trading. To commemorate the service launch, from October 15 to December 28, 2007, Sony Bank Securities will reduce brokerage fees on ordinary share transactions to 0.0525% (minimum fee: ¥420), half of the standard rate.
With the launch of securities intermediary services, Sony Bank Securities will make it possible for Sony Bank's customers to open an account and conduct domestic securities transactions using Sony Bank's MONEYKit service internet website. Deposits to and withdrawals from Sony Bank and Sony Bank Securities accounts are conducted in real time* and are free of charge, adding to the customer convenience of stock transactions.
*Real-time cash transfers are accepted on weekdays from 5:45 a.m. to 3:55 p.m. (except from December 31 to January 3).
Sony Bank's MONEYKit is a highly convenient "money toolbox." In addition to adding to its lineup highly convenient securities investments through Sony Bank Securities, Sony Bank will further respond to its customers' diverse asset management needs.
Overview of Sony Bank Securities
| Name | Sony Bank Securities Inc. |
|---|---|
| Established | June 19, 2007 |
| Securities Business Registration | August 23, 2007 |
| Securities Business Registration No. | License No. 299, Kanto Bureau, Ministry of Finance |
| Headquarters | 17-22 Akasaka 2-chome, Minato-ku, Tokyo, Japan |
| Capital | ¥3,000 million (common stock of ¥1,500 million, capital reserves of ¥1,500 million) |
| Ownership | Wholly owned by Sony Bank Inc. |
| President and Representative Director | Yasuhiro Sugiura |
| Business | Securities business (online brokerage) |
Note: This is an English-language summary of a Japanese announcement made by Sony Bank and Sony Bank Securities on September 18, 2007. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.
