October 15, 2024
SBI FX Trading Co., Ltd.
SBI FX Trading Co., Ltd. (Headquarters: Minato-ku, Tokyo, President: Yukio Fujita, hereinafter referred to as 'the Company'), has entered into an absorption-type split agreement with Sumitomo Mitsui SBI Net Bank, Ltd. (hereinafter, 'Sumitomo Mitsui SBI Net Bank') to succeed the business related to over-the-counter foreign exchange margin trading 'Oh! FX' through an absorption-type split (hereinafter, 'this absorption-type split'). We hereby notify you as follows:
Record
1. Purpose
Established in 2011 as a specialized company in foreign exchange margin trading within the SBI Group, we currently provide services for individual investors in foreign exchange margin trading and cryptocurrency CFD trading.
We have been strengthening collaboration towards the expansion of the SBI Group's FX business, such as initiating discussions on the realization of new financial services utilizing Sumitomo Mitsui SBI Net Bank's 'NEOBANK' provided to our customers since last year, with Sumitomo Mitsui SBI Net Bank.
By inheriting the over-the-counter foreign exchange margin trading business 'Oh! FX' from Sumitomo Mitsui SBI Net Bank, we aim to further strengthen the competitiveness of the Group's FX business, together with expanding our customer base.
Board of Directors Resolution Date: September 24, 2024
Absorption-type Split Agreement Date: October 11, 2024
Effective Date of Absorption-type Split: February 2, 2025 (scheduled)
This is an absorption-type split with Sumitomo Mitsui Banking Corporation Net Bank as the absorbed split company and our company as the absorbed split succeeding company.
Trading relationship There is no relevant matter.
The Company will succeed to the rights and obligations held by Sumitomo Mitsui SBI Net Bank in relation to its business as a participant in over-the-counter foreign exchange margin trading 'Oh! FX' to the extent set forth in the absorption-type split agreement.
After the effective date of this absorption-type split, we have determined that there are no issues with the prospect of debt performance that the Company should bear.
| Split Company | Succession company | |
| (1) Trade Name | Resona SBI Net Bank, Ltd. | SBI FX Trade Co., Ltd. |
| (2) Headquarters Location | 2-1 Roppongi 3-chome, Minato-ku, Tokyo | 1-6-1 Roppongi, Minato-ku, Tokyo |
| (3) Representative | Representative Director and President (CEO) Hoshiaki Maruyama | Representative Director and President Yukio Fujita |
| (4) Business Overview | Banking | Financial Instruments and Exchange Business |
| (5) Amount of Capital Stock | 31 billion yen | 0.96 billion yen (including capital reserve) |
| (6) Date of establishment | June 3, 1986 | November 22, 2011 |
| (7) Shareholder composition | 34.18% Mitsubishi Sumitomo Trust Bank, Ltd. 34.18% SBI Holdings, Inc. | 100% SBI Liquidity Market Co., Ltd. |
4. Current situation after this absorption-type split
After this absorption split, there are no changes to our company's name, address, representative, business content, capital, or closing date.
Above.
SBI FXTRADE and rsp FX (over-the-counter foreign exchange margin trading)
Over-the-counter foreign exchange margin trading is conducted based on a small amount of required trading margin relative to the transaction amount (all filled amount), which may result in larger profits compared to the required trading margin, but there is also a risk of incurring large losses within a short period. Withdrawal in foreign currency is not possible. Prices may fluctuate rapidly depending on economic indicators, leading to unexpected losses. Additionally, the amount of such losses may exceed the amount of the deposited margin. Trading prices, swap points, etc., vary depending on the services provided and may fluctuate due to changes in market and interest rate conditions, hence not guaranteed for the future. There is a price difference between the buying and selling prices. Settlement is made through the price difference settlement from the opposite transaction. The required margin amount for over-the-counter foreign exchange margin trading varies depending on the service provided and the trading currency pair, with a certain margin rate required for the trading amount based on the trading price (SBI FXTRADE for individual customers: 4% (leverage 25 times), however, Russian Ruble/yen and Brazilian Real/yen are 10% (leverage 10 times), for corporate customers: Exchange risk assumption ratio* per currency pair announced weekly by the General Incorporated Association of Financial Futures Trading (leverage varies for each currency pair), for rsp FX individual and corporate customers: 100% (leverage 1 time), 50% (leverage 2 times), 33.334% (leverage 3 times).
*The exchange risk assumption ratio is calculated using a quantitative calculation model as stipulated in Article 117, Paragraph 31, Item 1 of the Cabinet Office Ordinance concerning financial instrument trading, etc.
【Common】
Except for over-the-counter cryptocurrency margin trading, other services are generally free from account opening/maintenance fees and transaction costs. However, this does not apply if you choose to utilize other ancillary services provided by our company. Also, the principal amount and profits are not guaranteed. Settlement is done through price difference settlement from the opposite transaction or cash settlement. Before starting your trading, we kindly ask you to carefully read the 'Pre-contract Documents' and 'Trading Terms and Conditions', understand the trading content, mechanisms, risks, etc., and make trading decisions based on your own judgment.
SBI FX Trade Corporation (Financial instruments business operator)
Kanto Finance Bureau Director (Financial Commodities) No. 2635
Joining Association:
General Incorporated Association Financial Futures Association
General Incorporated Association Japan Cryptocurrency Trading Association
