Finance
Mirae Asset Securities cuts interest rates on sell-collateral loans and overdue cash margin
Mirae Asset Securities will cut interest rates on sell-collateral loans and overdue interest on cash margin balances to reduce customers’ financing costs as market volatility increases. The sell-collateral loan rate will fall to 7.95 percent a year from 9.0 percent. The overdue rate on cash margin balances will also drop to 7.95 percent from 9.9 percent. The changes take effect on July 27.
