MMF in foreign currency
Denominated MMF (MMF Currency) MMF is a Mutual Fund Corporation for operating at the foreign exchange investment company by giving due acronym for Money Market Fund.
MMF as well as chloride, so that operations such as the highly rated bonds and commercial paper, security and stability is high, even compared to foreign currency deposits are interest rates. Redeemable at any time as foreign currency savings account (the amount retained in the trust property even if you cancel less than 30 yen is not required unlike MMF) is characterized.
Dividends are paid at the end of each month will be automatically reinvested after tax has been withheld. If you cancel in the middle of the month has a higher loss because the valuation is not equivalent to interest.
Euro funding for the purpose of holding long-term monthly Monex I currently operate at a high yen and buy Australian dollar.
Exchange fees
And TTS / TTB applies to foreign currency deposits, unlike the many features that the exchange fee is small. Depending on the company handling yen exchange fee of U.S. $ 0.50 one way, the difference in TTS / TTB in banks and median ($ 1.00) is half. Net securities, and ¥ 0.25 more cheaper.
Tax
MMF interest in foreign currency will end the withholding tax of 20%. Exchange gains, "Gains on foreign investment trust", and "exemption" is the. That is, "does not require any declaration" is. However, you can deduct the loss from other income by total income loss can also occur.
Bankruptcy risk handling company
Even if the bankrupt company's assets and the company has been handling segregation, there is no risk.
The difference between foreign currency deposits
Exchange fees (spread) is small, high-interest savings account than you can cancel at any time foreign exchange, foreign exchange gains are exempt, it is a product can be an advantage over foreign currency deposits, such as foreign exchange risk without handling the company's bankruptcy.
Comparison of Major institutions (as 2009/06/03)
| Monex | Rakuten Securities | SBI SECURITIES | Nomura | ||
|---|---|---|---|---|---|
| Handling foreign exchange | U.S. Dollar, Euro, Australian dollar | U.S. Dollar, Euro, Australian dollar, NZ dollar, U.S. dollars or South African Rand | South African Rand U.S. Dollar | U.S. Dollar, Euro, British pound, Australian dollar, NZ dollar, or $ | |
| Exchange fees | U.S. dollar | 25,000 | 25,000 | 25,000 | 2.50 |
| Euro | 2.50 | 2.50 | 75 sen | ||
| Australian dollar | 70,000 | 25,000 | 80,000 | ||
| Auto reserve | ○ | × | × | × | |
| Foreign exchange settlement | ○ | ○ | ○ | ○ | |
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