(Currently, we do not have any contracts with general investors (investors who are not specified investors under the Financial Instruments and Exchange Act).
For securities transactions, etc. under the investment advisory contract, the investment principal shall be invested in accordance with the fluctuation of interest rate/currency price, market price and other indicators in the financial instruments market and the credit situation of the counterparty. There is a risk of interruption. All the investment results made based on our advice belong to the customer. As a result, we will not be liable for any damages that may occur to customers, so please understand the risks before you start trading. ..
1. Fees to be paid by the customer regarding investment advisory contracts
Investment advisor compensation
Investment advisor compensation is based on the amount of the assets to be advised and is determined through prior negotiations with the customer. As a general rule, the compensation for the services provided by the Company will be decided in consultation with the customer based on the combination of the following two types of compensation systems.
The amount of the asset to be advised multiplied by the number of contract days and divided by 365 days is multiplied by the trust remuneration rate.
(Actual record on the base date-Actual result at the time of the last successful remuneration payment) x Success remuneration rate is the success remuneration.
What is the payment timing for trust fees and success fees? It will be decided in consultation with the customer.
2. Risks related to investment advisory contracts
The securities for which the Company is advised may incur losses due to fluctuations in interest rates and currency prices, market prices in financial instruments markets, and other indicators. The outline is as follows.
-Price fluctuation risk
Stock price fluctuations may interrupt the investment principal. In addition, there is a risk that trading will be hindered due to changes in the market environment, changes in the management/financial conditions of stock issuers, and changes in external evaluations related to them, and that cash cannot be converted (liquidity risk). As a result, the investment principal may be interrupted.
-Credit risk of stock issuer
Investment principal may be interrupted due to changes in the management/financial status of the stock issuer and changes in external evaluations.
/Price fluctuation risk
Bond prices may fluctuate due to fluctuations in interest rates, etc. In addition, there is a risk that trading will be hindered due to changes in the market environment, changes in the management and financial conditions of bond issuers, and changes in external evaluations related to them, and that cash cannot be redeemed (liquidity risk). As a result, the investment principal may be interrupted.
-Credit risk of bond issuers, etc.
The investment principal may be interrupted due to changes in the management and financial conditions of bond issuers, etc. and changes in external evaluations related to them.
-Redemption before maturity
Some bonds may be redeemed before maturity, which may interrupt the investment principal.
(3) Margin transactions, etc.
In margin transactions involving the above securities, etc., a large amount of transactions exceeding the margin amount may be carried out with the margin amount entrusted as collateral. (1) The amount of loss caused by each factor described may exceed the amount of margin (excess loss on principal).
(4) Derivatives transactions, etc.
Derivatives transactions (futures, options, etc.) may be carried out in large amounts exceeding the margin, using the margin margin entrusted as collateral. The amount of loss incurred may exceed the amount of margin (excess loss on principal).
3. Reason for termination of investment advisory contract
The investment advisory contract ends in the following cases.
(1) Expiration of the contract period (except when renewing the contract)
(2) When the contract is canceled, or when other reasons for contract termination occur
(3 ) When our company closed the financial instruments business