{"content_id":"t3i96fegrp","slug":"ipo-subscription-deposit-interest-rules","locale":"en","schema_type":"Article","category":"knowledge_base","category_name":"Knowledge Base","title":"IPO Subscription Deposit Interest: Daishin Securities Rules","summary":"Interest on IPO subscription deposits depends on the payment terms set by each brokerage and for each offering. This article distinguishes the government's proposed policy changes from Daishin Securities' rollout and explains how deposits, refunds, and estimated interest are calculated.","sponsorship_disclosure":null,"affiliate_disclosure":null,"commerce_disclosure":null,"author":{"name":"Injoys Editorial Team","url":"https://injoys.com/ko/about"},"key_points":["On July 15, 2026, the Financial Services Commission identified paying interest on IPO subscription deposits as a policy initiative.","Daishin Securities announced that its interest payment rules would apply to companies that file securities registration statements on or after September 21, 2026.","Equal allocation does not guarantee one share, even if you meet the minimum subscription requirements.","Calculating interest requires not only the applicable rate but also the amount used for the calculation and the number of days counted.","The projected annual interest return in the 300-hundred-million-won range is an estimate based on assumptions, not an individual payout amount."],"content_markdown":"Interest on IPO subscription deposits depends on each brokerage’s payment terms. Daishin Securities has announced that it will pay interest on eligible IPOs. The government’s efforts to improve the system should not be taken to mean that all brokerages will pay interest.\n\nThe interest rates cited here are based on a September 23, 2026 report on Daishin Securities’ announcement.\n\n## What is changing about interest on IPO subscription deposits?\n\nThe government plans to return earnings from the management of subscription deposits to investors. A subscription deposit is money paid before shares are allotted. The amount left after paying for allotted shares is refunded.\n\nThe Financial Services Commission included interest payments in its July 15, 2026 work report. That announcement alone does not set the payment terms for individual subscriptions. Check subsequent announcements from the Financial Services Commission to see whether a common system has taken effect.\n\n\u003e We will improve inconvenient and unreasonable structures in the investment process, including the payment of interest on IPO subscription deposits.\n\nSource: the Financial Services Commission’s “Second Half of 2026 Work Report.” [Financial Services Commission press release](https://www.fsc.go.kr/no010101/87328)\n\n| Category | Confirmed information | What to check before subscribing |\n| --- | --- | --- |\n| Government system improvements | Plans to introduce interest payments on subscription deposits | Subsequent announcements on the effective date and scope |\n| Daishin Securities’ introduction | Announced its own payment criteria | Whether the IPO is eligible |\n| Subscriptions through other brokerages | Daishin Securities’ criteria do not automatically apply | The brokerage’s notices and the investment prospectus |\n\n## Why do you pay a subscription deposit?\n\nA subscription deposit is money paid in advance when applying to buy IPO shares. Many retail subscriptions require 50% of the subscription amount as a deposit. Check the investment prospectus for the exact deposit rate for each IPO.\n\nIf you apply for 100 shares at an offering price of 10,000 won each, the subscription amount is 1 million won. At a 50% deposit rate, you must pay 500,000 won upfront. This does not mean you will be allotted all 100 shares.\n\n| Item | Calculation | Meaning |\n| --- | --- | --- |\n| Subscription amount | Offering price × number of shares applied for | Total amount you applied to buy |\n| Subscription deposit | Subscription amount × deposit rate | Amount paid in advance when subscribing |\n| Cost of allotted shares | Offering price × number of shares actually allotted | Cost of the shares you acquire |\n| Refunded principal | Deposit - cost of allotted shares | Amount returned when the deposit exceeds the cost of allotted shares |\n\nThe refunded principal in the table excludes subscription fees and interest. If the cost of allotted shares exceeds the deposit, you may need to make an additional payment. Check the brokerage’s allotment notice for the payment deadline.\n\n## How do equal and proportional allotments differ?\n\nEqual allotment is based on the number of participants, while proportional allotment is based on subscription volume. These are two ways of dividing up and allotting shares available to retail subscribers. Equal allotment does not guarantee one share to every participant.\n\n| Category | Equal allotment | Proportional allotment |\n| --- | --- | --- |\n| Basic criterion | Number of participants who meet the minimum subscription requirements | Subscription volume and final oversubscription rate |\n| Shares available | At least 50% of all IPO shares | Shares remaining after equal allotment |\n| Effect of increasing the deposit | The equal allotment does not increase by the same proportion | The number of shares allotted may increase |\n| Why the allotment may be small | Too few shares relative to the number of participants | Too few shares available relative to subscription volume |\n\nIf there are more participants than shares available for equal allotment, shares may be allotted by lottery. A large deposit does not guarantee many shares under proportional allotment either. The allotment details provided for each IPO govern. [Shinhan Investment \u0026 Securities IPO subscription guide](https://open.shinhansec.com/mobilealpha/html/CS/guidePOSS.html)\n\n## Why were investors not receiving interest?\n\nThere was a gap in the rules governing when compensation must be paid for the use of subscription deposits. This compensation is an amount a brokerage pays for using money entrusted to it. The payment rules for ordinary deposits and subscription deposits were not the same.\n\nIn July 2026, Bizwatch reported on the lack of clarity in the relevant rules. According to the report, the Board of Audit and Inspection had called for improvements in 2013 as well. The practice of not paying interest on subscription deposits continued afterward. [Bizwatch report on the history of the rules](https://news.bizwatch.co.kr/article/market/2026/07/22/0001)\n\nSubscription deposits have been managed through means including deposits with Korea Securities Finance. The earnings generated in the process went to brokerages and others. The aim of the proposed changes is to return earnings to investors after accounting for related costs. [Edaily report on the management of subscription deposits and interest payments](https://m2.edaily.co.kr/News/Read?mediaCodeNo=257\u0026newsId=04175446645582744)\n\n## What are Daishin Securities’ interest payment terms?\n\nDaishin Securities announced that its policy applies to companies that file registration statements on or after September 21, 2026. The relevant date is not the day an investor subscribes. Check when the company filed its securities registration statement.\n\nYonhap News Agency reported the following rates on September 23, 2026. These are the terms announced by Daishin Securities. Do not apply the same rates to IPOs handled by other brokerages. [Yonhap News Agency report on Daishin Securities’ announcement](https://www.yna.co.kr/amp/view/AKR20260923047300008)\n\n| Item | Announced or reported terms |\n| --- | --- |\n| Amounts of 1 million won or less | 1% per year |\n| Portion over 1 million won | Reported as 0.6% per year |\n| Calculation basis | Average daily balance of the subscription deposit |\n| Calculation period | Reported as from the subscription date through the payment and refund date |\n| Payment date | Payment and refund date |\n| Exclusions | Canceled subscriptions and additional payments |\n| Tax treatment | Tax withheld from interest paid |\n\nThe calculation and payment methods above were reported with reference to the AL Robot securities registration statement. For an actual subscription, check the terms in the latest amended statement. Pay particular attention to how the rate tiers apply and how days are counted. [Edaily report on the registration statement](https://m2.edaily.co.kr/News/Read?mediaCodeNo=257\u0026newsId=04175446645582744)\n\n## Calculation examples: How do you distinguish the deposit from the interest?\n\nThe deposit is calculated from the number of shares applied for; interest is calculated under separate payment terms. An annual interest rate is not the return earned over the few days your money is deposited. It must be prorated for the applicable number of days.\n\n### Calculation for a subscription with a 500,000 won deposit\n\nSuppose you apply for 100 shares at an offering price of 10,000 won each. The deposit rate is 50%. The interest calculation below uses an assumption to explain how the calculation works.\n\n1. The subscription amount is 10,000 won × 100 shares = 1 million won.\n2. The deposit is 1 million won × 50% = 500,000 won.\n3. Assume an annual rate of 1% applies to the full 500,000 won for 3 days.\n4. On a 365-day basis, interest before tax is 500,000 won × 1% × 3 ÷ 365.\n\nUnder this assumption, the interest is **about 41 won before tax**. The amount actually paid depends on the number of days counted and the tax treatment. You should also check how the brokerage handles amounts smaller than one won.\n\n### Calculation for an application for 55,000 shares\n\nSuppose you apply for 55,000 shares at an offering price of 15,000 won each. At a 50% deposit rate, the deposit is 412.5 million won. Rounding this down to 400 million won would make even the principal incorrect.\n\n| Calculation item | Formula | Result |\n| --- | --- | --- |\n| Subscription amount | 15,000 won × 55,000 shares | 825 million won |\n| Subscription deposit | 825 million won × 50% | 412.5 million won |\n| Cost of shares, assuming 9 are allotted | 15,000 won × 9 shares | 135,000 won |\n| Refunded principal before fees | 412.5 million won - 135,000 won | 412,365,000 won |\n\nThe allotment of 9 shares is an assumption for the calculation, not a verified result for an actual investor. An annual rate of 2% alone is not enough to calculate 60,000 won in interest. You also need the principal eligible for interest and the number of applicable days.\n\n## What do subscription deposit volumes and the projected 30 billion won a year mean?\n\nThe figure of around 30 billion won a year is an estimate of the interest that could be returned across the market. It does not mean an amount payable to an individual or a government budget allocation. The result changes if assumptions about subscription volumes, interest rates, and other factors change.\n\nOn July 15, 2026, Money Today reported the following calculation. It used approximately 450 trillion won in annual subscription deposits as its starting point. The article did not specify the year covered by this figure. [Money Today report on the work report](https://news.nate.com/view/20260715n15601?mid=n1101)\n\n| Condition used in the calculation | Assumption reported |\n| --- | --- |\n| Total annual subscription deposits | Approximately 450 trillion won |\n| Average period funds are deposited | 3 days |\n| Interest rate | 1% per year |\n| Calculation before costs | 450 trillion won × 1% × 3 ÷ 365 ≈ 36.986 billion won |\n| Projection after costs | Around 30 billion won a year |\n\nThe cumulative annual subscription amount is different from the deposit balance at any one time. The same money may be counted again if it is used for another subscription after being refunded. The 450 trillion won figure therefore does not mean that amount was tied up for an entire year.\n\nSome individual IPOs have also attracted large deposits. MakinaRocks announced its subscription results on May 12, 2026. The company reported deposits of approximately 14 trillion won. [MakinaRocks subscription results announcement](https://www.makinarocks.ai/news/makinarocks-ipo-record-breaking/)\n\n## Common mistake: Treating the refund and the balance eligible for interest as the same\n\nCalculating interest from the refund alone may not match the payment criteria. The refund is what remains after the cost of shares actually allotted is deducted. The balance eligible for interest follows the brokerage’s calculation rules.\n\n| Common assumption | What to check |\n| --- | --- |\n| Interest is always paid only on the money refunded | Whether the basis is the full subscription deposit or the refundable amount |\n| At 1% per year, you receive 1% of the principal when it is refunded | How the annual rate is prorated for the applicable days |\n| Every calendar day up to the refund date is counted | Whether the subscription and refund dates are included and how holidays are treated |\n| A canceled subscription earns the same interest | Whether canceled subscriptions are excluded from payment |\n| All subscription deposit interest rates are around 1% per year | The actual rate disclosed by the brokerage |\n\nThe refund date is listed in each IPO’s subscription schedule. Weekends and holidays can lengthen the time your funds are tied up. Rather than relying on a general statement that refunds take a few days, check the refund date for that IPO.\n\n## Are an automatic refund transfer and an interest deposit the same transaction?\n\nEven if you set up an automatic refund transfer, you must check separately whether it includes interest. The service sends the refund to a registered account. Its description alone is not enough to conclude that interest will be transferred with it.\n\nShinhan Investment \u0026 Securities says it transfers refunds to registered accounts on the refund date. The time transfers start and the time processing actually finishes may differ. This description does not itself mean that interest is paid on subscription deposits. [Shinhan Investment \u0026 Securities automatic refund transfer guide](https://myshinhaninvest.shinhansec.com/siw/banking-lending/subscribe/guidePOSStab2/view.do)\n\nAfter the refund, check your transaction history in this order.\n\n1. Check the actual cost of allotted shares and the refunded principal.\n2. Check whether a subscription fee was deducted.\n3. Check whether interest and tax withheld are shown separately.\n4. Compare the amount received in the linked account with the balance in your brokerage account.\n\n## Does earning interest also reduce the cost of subscribing?\n\nInterest received can reduce the burden of tying up your funds. You still need to calculate the overall profit or loss from the subscription separately. Changes in the price of allotted shares are a separate matter from interest on the deposit.\n\n- Check the subscription fee that actually applies.\n- If you borrow money to subscribe, calculate the loan interest through the refund date.\n- Interest you could have earned in another account is also worth comparing.\n- Compare costs using the amount actually received after tax, rather than expected interest before tax.","content_html":"\u003cp\u003eInterest on IPO subscription deposits depends on each brokerage’s payment terms. Daishin Securities has announced that it will pay interest on eligible IPOs. The government’s efforts to improve the system should not be taken to mean that all brokerages will pay interest.\u003c/p\u003e\n\u003cp\u003eThe interest rates cited here are based on a September 23, 2026 report on Daishin Securities’ announcement.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#what-is-changing-about-interest-on-ipo-subscription-deposits\" class=\"anchor\" id=\"what-is-changing-about-interest-on-ipo-subscription-deposits\"\u003e\u003c/a\u003eWhat is changing about interest on IPO subscription deposits?\u003c/h2\u003e\n\u003cp\u003eThe government plans to return earnings from the management of subscription deposits to investors. A subscription deposit is money paid before shares are allotted. The amount left after paying for allotted shares is refunded.\u003c/p\u003e\n\u003cp\u003eThe Financial Services Commission included interest payments in its July 15, 2026 work report. That announcement alone does not set the payment terms for individual subscriptions. Check subsequent announcements from the Financial Services Commission to see whether a common system has taken effect.\u003c/p\u003e\n\u003cblockquote\u003e\n\u003cp\u003eWe will improve inconvenient and unreasonable structures in the investment process, including the payment of interest on IPO subscription deposits.\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003cp\u003eSource: the Financial Services Commission’s “Second Half of 2026 Work Report.” \u003ca href=\"https://www.fsc.go.kr/no010101/87328\"\u003eFinancial Services Commission press release\u003c/a\u003e\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCategory\u003c/th\u003e\n\u003cth\u003eConfirmed information\u003c/th\u003e\n\u003cth\u003eWhat to check before subscribing\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eGovernment system improvements\u003c/td\u003e\n\u003ctd data-label=\"Confirmed information\"\u003ePlans to introduce interest payments on subscription deposits\u003c/td\u003e\n\u003ctd data-label=\"What to check before subscribing\"\u003eSubsequent announcements on the effective date and scope\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eDaishin Securities’ introduction\u003c/td\u003e\n\u003ctd data-label=\"Confirmed information\"\u003eAnnounced its own payment criteria\u003c/td\u003e\n\u003ctd data-label=\"What to check before subscribing\"\u003eWhether the IPO is eligible\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eSubscriptions through other brokerages\u003c/td\u003e\n\u003ctd data-label=\"Confirmed information\"\u003eDaishin Securities’ criteria do not automatically apply\u003c/td\u003e\n\u003ctd data-label=\"What to check before subscribing\"\u003eThe brokerage’s notices and the investment prospectus\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003ch2\u003e\n\u003ca href=\"#why-do-you-pay-a-subscription-deposit\" class=\"anchor\" id=\"why-do-you-pay-a-subscription-deposit\"\u003e\u003c/a\u003eWhy do you pay a subscription deposit?\u003c/h2\u003e\n\u003cp\u003eA subscription deposit is money paid in advance when applying to buy IPO shares. Many retail subscriptions require 50% of the subscription amount as a deposit. Check the investment prospectus for the exact deposit rate for each IPO.\u003c/p\u003e\n\u003cp\u003eIf you apply for 100 shares at an offering price of 10,000 won each, the subscription amount is 1 million won. At a 50% deposit rate, you must pay 500,000 won upfront. This does not mean you will be allotted all 100 shares.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eItem\u003c/th\u003e\n\u003cth\u003eCalculation\u003c/th\u003e\n\u003cth\u003eMeaning\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003eSubscription amount\u003c/td\u003e\n\u003ctd data-label=\"Calculation\"\u003eOffering price × number of shares applied for\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eTotal amount you applied to buy\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003eSubscription deposit\u003c/td\u003e\n\u003ctd data-label=\"Calculation\"\u003eSubscription amount × deposit rate\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eAmount paid in advance when subscribing\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003eCost of allotted shares\u003c/td\u003e\n\u003ctd data-label=\"Calculation\"\u003eOffering price × number of shares actually allotted\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eCost of the shares you acquire\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003eRefunded principal\u003c/td\u003e\n\u003ctd data-label=\"Calculation\"\u003eDeposit - cost of allotted shares\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eAmount returned when the deposit exceeds the cost of allotted shares\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThe refunded principal in the table excludes subscription fees and interest. If the cost of allotted shares exceeds the deposit, you may need to make an additional payment. Check the brokerage’s allotment notice for the payment deadline.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#how-do-equal-and-proportional-allotments-differ\" class=\"anchor\" id=\"how-do-equal-and-proportional-allotments-differ\"\u003e\u003c/a\u003eHow do equal and proportional allotments differ?\u003c/h2\u003e\n\u003cp\u003eEqual allotment is based on the number of participants, while proportional allotment is based on subscription volume. These are two ways of dividing up and allotting shares available to retail subscribers. Equal allotment does not guarantee one share to every participant.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCategory\u003c/th\u003e\n\u003cth\u003eEqual allotment\u003c/th\u003e\n\u003cth\u003eProportional allotment\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eBasic criterion\u003c/td\u003e\n\u003ctd data-label=\"Equal allotment\"\u003eNumber of participants who meet the minimum subscription requirements\u003c/td\u003e\n\u003ctd data-label=\"Proportional allotment\"\u003eSubscription volume and final oversubscription rate\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eShares available\u003c/td\u003e\n\u003ctd data-label=\"Equal allotment\"\u003eAt least 50% of all IPO shares\u003c/td\u003e\n\u003ctd data-label=\"Proportional allotment\"\u003eShares remaining after equal allotment\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eEffect of increasing the deposit\u003c/td\u003e\n\u003ctd data-label=\"Equal allotment\"\u003eThe equal allotment does not increase by the same proportion\u003c/td\u003e\n\u003ctd data-label=\"Proportional allotment\"\u003eThe number of shares allotted may increase\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eWhy the allotment may be small\u003c/td\u003e\n\u003ctd data-label=\"Equal allotment\"\u003eToo few shares relative to the number of participants\u003c/td\u003e\n\u003ctd data-label=\"Proportional allotment\"\u003eToo few shares available relative to subscription volume\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eIf there are more participants than shares available for equal allotment, shares may be allotted by lottery. A large deposit does not guarantee many shares under proportional allotment either. The allotment details provided for each IPO govern. \u003ca href=\"https://open.shinhansec.com/mobilealpha/html/CS/guidePOSS.html\"\u003eShinhan Investment \u0026amp; Securities IPO subscription guide\u003c/a\u003e\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#why-were-investors-not-receiving-interest\" class=\"anchor\" id=\"why-were-investors-not-receiving-interest\"\u003e\u003c/a\u003eWhy were investors not receiving interest?\u003c/h2\u003e\n\u003cp\u003eThere was a gap in the rules governing when compensation must be paid for the use of subscription deposits. This compensation is an amount a brokerage pays for using money entrusted to it. The payment rules for ordinary deposits and subscription deposits were not the same.\u003c/p\u003e\n\u003cp\u003eIn July 2026, Bizwatch reported on the lack of clarity in the relevant rules. According to the report, the Board of Audit and Inspection had called for improvements in 2013 as well. The practice of not paying interest on subscription deposits continued afterward. \u003ca href=\"https://news.bizwatch.co.kr/article/market/2026/07/22/0001\"\u003eBizwatch report on the history of the rules\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eSubscription deposits have been managed through means including deposits with Korea Securities Finance. The earnings generated in the process went to brokerages and others. The aim of the proposed changes is to return earnings to investors after accounting for related costs. \u003ca href=\"https://m2.edaily.co.kr/News/Read?mediaCodeNo=257\u0026amp;newsId=04175446645582744\"\u003eEdaily report on the management of subscription deposits and interest payments\u003c/a\u003e\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#what-are-daishin-securities-interest-payment-terms\" class=\"anchor\" id=\"what-are-daishin-securities-interest-payment-terms\"\u003e\u003c/a\u003eWhat are Daishin Securities’ interest payment terms?\u003c/h2\u003e\n\u003cp\u003eDaishin Securities announced that its policy applies to companies that file registration statements on or after September 21, 2026. The relevant date is not the day an investor subscribes. Check when the company filed its securities registration statement.\u003c/p\u003e\n\u003cp\u003eYonhap News Agency reported the following rates on September 23, 2026. These are the terms announced by Daishin Securities. Do not apply the same rates to IPOs handled by other brokerages. \u003ca href=\"https://www.yna.co.kr/amp/view/AKR20260923047300008\"\u003eYonhap News Agency report on Daishin Securities’ announcement\u003c/a\u003e\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eItem\u003c/th\u003e\n\u003cth\u003eAnnounced or reported terms\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003eAmounts of 1 million won or less\u003c/td\u003e\n\u003ctd data-label=\"Announced or reported terms\"\u003e1% per year\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003ePortion over 1 million won\u003c/td\u003e\n\u003ctd data-label=\"Announced or reported terms\"\u003eReported as 0.6% per year\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003eCalculation basis\u003c/td\u003e\n\u003ctd data-label=\"Announced or reported terms\"\u003eAverage daily balance of the subscription deposit\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003eCalculation period\u003c/td\u003e\n\u003ctd data-label=\"Announced or reported terms\"\u003eReported as from the subscription date through the payment and refund date\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003ePayment date\u003c/td\u003e\n\u003ctd data-label=\"Announced or reported terms\"\u003ePayment and refund date\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003eExclusions\u003c/td\u003e\n\u003ctd data-label=\"Announced or reported terms\"\u003eCanceled subscriptions and additional payments\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Item\"\u003eTax treatment\u003c/td\u003e\n\u003ctd data-label=\"Announced or reported terms\"\u003eTax withheld from interest paid\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThe calculation and payment methods above were reported with reference to the AL Robot securities registration statement. For an actual subscription, check the terms in the latest amended statement. Pay particular attention to how the rate tiers apply and how days are counted. \u003ca href=\"https://m2.edaily.co.kr/News/Read?mediaCodeNo=257\u0026amp;newsId=04175446645582744\"\u003eEdaily report on the registration statement\u003c/a\u003e\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#calculation-examples-how-do-you-distinguish-the-deposit-from-the-interest\" class=\"anchor\" id=\"calculation-examples-how-do-you-distinguish-the-deposit-from-the-interest\"\u003e\u003c/a\u003eCalculation examples: How do you distinguish the deposit from the interest?\u003c/h2\u003e\n\u003cp\u003eThe deposit is calculated from the number of shares applied for; interest is calculated under separate payment terms. An annual interest rate is not the return earned over the few days your money is deposited. It must be prorated for the applicable number of days.\u003c/p\u003e\n\u003ch3\u003e\n\u003ca href=\"#calculation-for-a-subscription-with-a-500000-won-deposit\" class=\"anchor\" id=\"calculation-for-a-subscription-with-a-500000-won-deposit\"\u003e\u003c/a\u003eCalculation for a subscription with a 500,000 won deposit\u003c/h3\u003e\n\u003cp\u003eSuppose you apply for 100 shares at an offering price of 10,000 won each. The deposit rate is 50%. The interest calculation below uses an assumption to explain how the calculation works.\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eThe subscription amount is 10,000 won × 100 shares = 1 million won.\u003c/li\u003e\n\u003cli\u003eThe deposit is 1 million won × 50% = 500,000 won.\u003c/li\u003e\n\u003cli\u003eAssume an annual rate of 1% applies to the full 500,000 won for 3 days.\u003c/li\u003e\n\u003cli\u003eOn a 365-day basis, interest before tax is 500,000 won × 1% × 3 ÷ 365.\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eUnder this assumption, the interest is \u003cstrong\u003eabout 41 won before tax\u003c/strong\u003e. The amount actually paid depends on the number of days counted and the tax treatment. You should also check how the brokerage handles amounts smaller than one won.\u003c/p\u003e\n\u003ch3\u003e\n\u003ca href=\"#calculation-for-an-application-for-55000-shares\" class=\"anchor\" id=\"calculation-for-an-application-for-55000-shares\"\u003e\u003c/a\u003eCalculation for an application for 55,000 shares\u003c/h3\u003e\n\u003cp\u003eSuppose you apply for 55,000 shares at an offering price of 15,000 won each. At a 50% deposit rate, the deposit is 412.5 million won. Rounding this down to 400 million won would make even the principal incorrect.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCalculation item\u003c/th\u003e\n\u003cth\u003eFormula\u003c/th\u003e\n\u003cth\u003eResult\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Calculation item\"\u003eSubscription amount\u003c/td\u003e\n\u003ctd data-label=\"Formula\"\u003e15,000 won × 55,000 shares\u003c/td\u003e\n\u003ctd data-label=\"Result\"\u003e825 million won\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Calculation item\"\u003eSubscription deposit\u003c/td\u003e\n\u003ctd data-label=\"Formula\"\u003e825 million won × 50%\u003c/td\u003e\n\u003ctd data-label=\"Result\"\u003e412.5 million won\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Calculation item\"\u003eCost of shares, assuming 9 are allotted\u003c/td\u003e\n\u003ctd data-label=\"Formula\"\u003e15,000 won × 9 shares\u003c/td\u003e\n\u003ctd data-label=\"Result\"\u003e135,000 won\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Calculation item\"\u003eRefunded principal before fees\u003c/td\u003e\n\u003ctd data-label=\"Formula\"\u003e412.5 million won - 135,000 won\u003c/td\u003e\n\u003ctd data-label=\"Result\"\u003e412,365,000 won\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThe allotment of 9 shares is an assumption for the calculation, not a verified result for an actual investor. An annual rate of 2% alone is not enough to calculate 60,000 won in interest. You also need the principal eligible for interest and the number of applicable days.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#what-do-subscription-deposit-volumes-and-the-projected-30-billion-won-a-year-mean\" class=\"anchor\" id=\"what-do-subscription-deposit-volumes-and-the-projected-30-billion-won-a-year-mean\"\u003e\u003c/a\u003eWhat do subscription deposit volumes and the projected 30 billion won a year mean?\u003c/h2\u003e\n\u003cp\u003eThe figure of around 30 billion won a year is an estimate of the interest that could be returned across the market. It does not mean an amount payable to an individual or a government budget allocation. The result changes if assumptions about subscription volumes, interest rates, and other factors change.\u003c/p\u003e\n\u003cp\u003eOn July 15, 2026, Money Today reported the following calculation. It used approximately 450 trillion won in annual subscription deposits as its starting point. The article did not specify the year covered by this figure. \u003ca href=\"https://news.nate.com/view/20260715n15601?mid=n1101\"\u003eMoney Today report on the work report\u003c/a\u003e\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCondition used in the calculation\u003c/th\u003e\n\u003cth\u003eAssumption reported\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Condition used in the calculation\"\u003eTotal annual subscription deposits\u003c/td\u003e\n\u003ctd data-label=\"Assumption reported\"\u003eApproximately 450 trillion won\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Condition used in the calculation\"\u003eAverage period funds are deposited\u003c/td\u003e\n\u003ctd data-label=\"Assumption reported\"\u003e3 days\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Condition used in the calculation\"\u003eInterest rate\u003c/td\u003e\n\u003ctd data-label=\"Assumption reported\"\u003e1% per year\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Condition used in the calculation\"\u003eCalculation before costs\u003c/td\u003e\n\u003ctd data-label=\"Assumption reported\"\u003e450 trillion won × 1% × 3 ÷ 365 ≈ 36.986 billion won\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Condition used in the calculation\"\u003eProjection after costs\u003c/td\u003e\n\u003ctd data-label=\"Assumption reported\"\u003eAround 30 billion won a year\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThe cumulative annual subscription amount is different from the deposit balance at any one time. The same money may be counted again if it is used for another subscription after being refunded. The 450 trillion won figure therefore does not mean that amount was tied up for an entire year.\u003c/p\u003e\n\u003cp\u003eSome individual IPOs have also attracted large deposits. MakinaRocks announced its subscription results on May 12, 2026. The company reported deposits of approximately 14 trillion won. \u003ca href=\"https://www.makinarocks.ai/news/makinarocks-ipo-record-breaking/\"\u003eMakinaRocks subscription results announcement\u003c/a\u003e\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#common-mistake-treating-the-refund-and-the-balance-eligible-for-interest-as-the-same\" class=\"anchor\" id=\"common-mistake-treating-the-refund-and-the-balance-eligible-for-interest-as-the-same\"\u003e\u003c/a\u003eCommon mistake: Treating the refund and the balance eligible for interest as the same\u003c/h2\u003e\n\u003cp\u003eCalculating interest from the refund alone may not match the payment criteria. The refund is what remains after the cost of shares actually allotted is deducted. The balance eligible for interest follows the brokerage’s calculation rules.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCommon assumption\u003c/th\u003e\n\u003cth\u003eWhat to check\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Common assumption\"\u003eInterest is always paid only on the money refunded\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eWhether the basis is the full subscription deposit or the refundable amount\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Common assumption\"\u003eAt 1% per year, you receive 1% of the principal when it is refunded\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eHow the annual rate is prorated for the applicable days\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Common assumption\"\u003eEvery calendar day up to the refund date is counted\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eWhether the subscription and refund dates are included and how holidays are treated\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Common assumption\"\u003eA canceled subscription earns the same interest\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eWhether canceled subscriptions are excluded from payment\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Common assumption\"\u003eAll subscription deposit interest rates are around 1% per year\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eThe actual rate disclosed by the brokerage\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThe refund date is listed in each IPO’s subscription schedule. Weekends and holidays can lengthen the time your funds are tied up. Rather than relying on a general statement that refunds take a few days, check the refund date for that IPO.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#are-an-automatic-refund-transfer-and-an-interest-deposit-the-same-transaction\" class=\"anchor\" id=\"are-an-automatic-refund-transfer-and-an-interest-deposit-the-same-transaction\"\u003e\u003c/a\u003eAre an automatic refund transfer and an interest deposit the same transaction?\u003c/h2\u003e\n\u003cp\u003eEven if you set up an automatic refund transfer, you must check separately whether it includes interest. The service sends the refund to a registered account. Its description alone is not enough to conclude that interest will be transferred with it.\u003c/p\u003e\n\u003cp\u003eShinhan Investment \u0026amp; Securities says it transfers refunds to registered accounts on the refund date. The time transfers start and the time processing actually finishes may differ. This description does not itself mean that interest is paid on subscription deposits. \u003ca href=\"https://myshinhaninvest.shinhansec.com/siw/banking-lending/subscribe/guidePOSStab2/view.do\"\u003eShinhan Investment \u0026amp; Securities automatic refund transfer guide\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eAfter the refund, check your transaction history in this order.\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eCheck the actual cost of allotted shares and the refunded principal.\u003c/li\u003e\n\u003cli\u003eCheck whether a subscription fee was deducted.\u003c/li\u003e\n\u003cli\u003eCheck whether interest and tax withheld are shown separately.\u003c/li\u003e\n\u003cli\u003eCompare the amount received in the linked account with the balance in your brokerage account.\u003c/li\u003e\n\u003c/ol\u003e\n\u003ch2\u003e\n\u003ca href=\"#does-earning-interest-also-reduce-the-cost-of-subscribing\" class=\"anchor\" id=\"does-earning-interest-also-reduce-the-cost-of-subscribing\"\u003e\u003c/a\u003eDoes earning interest also reduce the cost of subscribing?\u003c/h2\u003e\n\u003cp\u003eInterest received can reduce the burden of tying up your funds. You still need to calculate the overall profit or loss from the subscription separately. Changes in the price of allotted shares are a separate matter from interest on the deposit.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eCheck the subscription fee that actually applies.\u003c/li\u003e\n\u003cli\u003eIf you borrow money to subscribe, calculate the loan interest through the refund date.\u003c/li\u003e\n\u003cli\u003eInterest you could have earned in another account is also worth comparing.\u003c/li\u003e\n\u003cli\u003eCompare costs using the amount actually received after tax, rather than expected interest before tax.\u003c/li\u003e\n\u003c/ul\u003e\n","tags":["Investment","Everyday Finance","Housing Subscription"],"faqs":[{"question":"Do all securities firms pay interest on IPO subscription deposits?","answer":"The government's announcement of plans to introduce interest payments does not mean every securities firm will pay interest. Check the notices from the securities firm where you plan to subscribe and the latest prospectus for the offering."},{"question":"Which IPOs did Daishin Securities announce this would first apply to?","answer":"It announced that this would apply to companies that submitted securities registration statements on or after September 21, 2026. The investor's subscription date and the company's filing date are different."},{"question":"Does a 50% subscription deposit rate mean you buy shares at half price?","answer":"It means you deposit part of the cost of the shares upfront. The final cost is calculated by multiplying the offering price by the number of shares actually allocated."},{"question":"If I apply through equal allocation, can I receive one share?","answer":"One share is not guaranteed. If there are more participants than shares available for equal allocation, you may receive no shares, depending on the lottery results."},{"question":"What is the difference between a subscription deposit and a refund?","answer":"A subscription deposit is money you pay upfront when you subscribe. The principal portion of the refund is that deposit minus the cost of the shares actually allocated. The amount actually credited may reflect fees and how interest is handled."},{"question":"If 500,000 won earns interest at 1% per year, how much will I receive?","answer":"Assuming the rate applies to the full 500,000 won for 3 days, the interest is about 41 won before tax. This uses a 365-day year, and the actual amount paid depends on the number of days counted and tax treatment."},{"question":"Are weekends and public holidays included in the interest calculation?","answer":"Check the securities firm's calculation rules. Do not assume the calendar period through the refund date is the same as the period counted for interest."},{"question":"Will I receive interest if I cancel my subscription?","answer":"Reports on Daishin Securities' introduction of the policy in September 2026 said canceled subscriptions and additional payments would be excluded. Check the payment terms of other securities firms individually."},{"question":"Will interest be paid retroactively on deposits for past subscriptions?","answer":"The Daishin Securities announcement reviewed set an eligibility criterion based on the filing date of the securities registration statement. It does not provide grounds for retroactive payments on past subscriptions."},{"question":"Is the 30 billion won per year a subsidy distributed to investors?","answer":"It is not a subsidy but an estimate of the total interest expected to be returned to investors across the market. The estimate is based on assumptions about annual subscription deposits, the average deposit period, and the interest rate."},{"question":"If I set up an automatic transfer of my refund, will the interest be transferred with it?","answer":"Check what amount the automatic refund transfer covers. If interest is deposited separately, it may remain in your securities account, so cross-check your transaction history on the refund date."},{"question":"Where can I check the interest payment terms?","answer":"Check the notices from the securities firm handling the subscription and the latest prospectus. You can also check the company's securities registration statement and any amendments on the Financial Supervisory Service's electronic disclosure system."}],"sources":[{"url":"https://www.fsc.go.kr/no010101/87328","title":"Financial Services Commission, Work Report for the Second Half of 2026, July 15, 2026","type":"source"},{"url":"https://www.yna.co.kr/amp/view/AKR20260923047300008","title":"Yonhap News Agency, Daishin Securities Offers Interest on IPO Subscription Deposits, September 23, 2026","type":"source"},{"url":"https://m2.edaily.co.kr/News/Read?mediaCodeNo=257\u0026newsId=04175446645582744","title":"Edaily, Cases of Interest Payments on IPO Subscription Deposits and Calculation Conditions, September 22, 2026","type":"source"},{"url":"https://open.shinhansec.com/mobilealpha/html/CS/guidePOSS.html","title":"Shinhan Securities, IPO Subscription Guide","type":"source"},{"url":"https://myshinhaninvest.shinhansec.com/siw/banking-lending/subscribe/guidePOSStab2/view.do","title":"Shinhan Securities, Guide to Preparing and Applying for Subscriptions and Setting Up Automatic Transfers of Refunds","type":"source"},{"url":"https://news.bizwatch.co.kr/article/market/2026/07/22/0001","title":"Bizwatch, The Practice of Not Paying Fees for the Use of Subscription Deposits and Progress on System Reforms, July 23, 2026","type":"source"},{"url":"https://news.nate.com/view/20260715n15601?mid=n1101","title":"Money Today, Annual Interest on IPO Subscription Deposits Forecast at 30 Billion Won, July 15, 2026","type":"data_point"},{"url":"https://www.makinarocks.ai/news/makinarocks-ipo-record-breaking/","title":"MakinaRocks, Announces Retail Subscription Oversubscription Ratio and Subscription Deposits, May 12, 2026","type":"data_point"}],"images":[{"id":1833,"url":"https://injoys.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsiZGF0YSI6MjgyNjIsInB1ciI6ImJsb2JfaWQifX0=--039117633f93efa32a8608a4bf141989d79f9d57/ai-bc21f9b0.webp","is_representative":true,"generation_method":"ai_photo","license":"ai_generated","mime_type":"image/webp","width":1536,"height":1024,"translations":{"ko":{"alt":"식탁에 놓인 휴대전화 화면을 미소 지으며 바라보는 청록색 스웨터 차림의 남성","caption":"공모주 청약증거금 환불금과 이자는 별도로 확인하고, 이자 지급 조건은 증권사와 종목별로 살펴봐야 합니다.","description":null},"en":{"alt":"A man in a teal sweater smiles as he looks at a phone on the dining table.","caption":"Check IPO deposit refunds and interest separately, since interest terms vary by brokerage and offering.","description":null},"ja":{"alt":"食卓に置かれたスマートフォンを、青緑色のセーターを着た男性がほほ笑みながら見ている。","caption":"IPOの申込証拠金の返還額と利息は別々に確認し、利息の支払条件は証券会社と銘柄ごとに調べる必要があります。","description":null},"es":{"alt":"Un hombre con un suéter verde azulado sonríe al mirar un teléfono sobre la mesa.","caption":"El reembolso del depósito para una OPV y sus intereses deben comprobarse por separado, según las condiciones de cada bróker y oferta.","description":null},"id":{"alt":"Pria bersweter hijau kebiruan tersenyum sambil melihat ponsel di atas meja makan.","caption":"Pengembalian dana jaminan pemesanan saham IPO dan bunganya perlu diperiksa terpisah sesuai ketentuan tiap sekuritas dan penawaran.","description":null},"pt":{"alt":"Um homem de suéter verde-azulado sorri ao olhar para um celular sobre a mesa.","caption":"O reembolso do depósito para subscrição de ações e os juros devem ser conferidos separadamente, conforme as condições de cada corretora e oferta.","description":null},"zh-hant":{"alt":"一名穿藍綠色毛衣的男子微笑著看向餐桌上的手機。","caption":"新股申購保證金的退款與利息應分開確認，利息支付條件須依券商及個別股票查核。","description":null},"de":{"alt":"Ein Mann im blaugrünen Pullover lächelt, während er auf ein Smartphone auf dem Esstisch blickt.","caption":"Die Erstattung der Zeichnungseinlage und die Zinsen sollten getrennt geprüft werden, da die Bedingungen je nach Broker und Börsengang variieren.","description":null}}},{"id":1834,"url":"https://injoys.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsiZGF0YSI6MjgyNjgsInB1ciI6ImJsb2JfaWQifX0=--8c8961d4542f9730b784855b45933f2076404df5/ai-985bb2de.webp","is_representative":false,"generation_method":"ai_semi","license":"ai_generated","mime_type":"image/webp","width":1536,"height":1024,"translations":{"ko":{"alt":"가을 풍경이 보이는 증권사 상담 공간에서 직원이 자료를 가리키며 노년 남성에게 설명한다.","caption":"청약증거금의 예상 이자를 계산하려면 적용 금리와 산정 대상 금액, 인정 일수를 함께 확인해야 합니다.","description":null},"en":{"alt":"In a brokerage office overlooking autumn trees, an employee points to a document while speaking with an older man.","caption":"Estimating interest on an IPO subscription deposit requires the rate, eligible amount and number of eligible days.","description":null},"ja":{"alt":"秋の木々が見える証券会社の相談スペースで、社員が資料を指しながら年配の男性に説明する。","caption":"IPO申込証拠金の利息を見積もるには、適用金利、計算対象額、対象日数の確認が必要です。","description":null},"es":{"alt":"En una oficina bursátil con vistas otoñales, una empleada señala un documento mientras habla con un hombre mayor.","caption":"Para estimar los intereses del depósito de una oferta pública, hay que conocer la tasa, el importe computable y los días aplicables.","description":null},"id":{"alt":"Di kantor sekuritas berlatar pepohonan musim gugur, pegawai menunjuk dokumen saat berbicara dengan pria lansia.","caption":"Perkiraan bunga dana jaminan pemesanan saham perdana memerlukan suku bunga, jumlah yang dihitung, dan jumlah hari yang diakui.","description":null},"pt":{"alt":"Em uma corretora com árvores de outono ao fundo, uma funcionária aponta um documento ao conversar com um homem idoso.","caption":"Para estimar os juros do depósito de subscrição de uma oferta pública, é preciso saber a taxa, o valor considerado e os dias elegíveis.","description":null},"zh-hant":{"alt":"秋樹映入窗內的證券公司洽談區，職員指著文件向一名年長男子說明。","caption":"估算新股申購保證金利息時，須確認適用利率、計息金額及計息天數。","description":null},"de":{"alt":"In einer Wertpapierfiliale mit Herbstbäumen vor dem Fenster zeigt eine Mitarbeiterin einem älteren Mann ein Dokument.","caption":"Zur Schätzung der Zinsen auf eine IPO-Zeichnungseinlage sind Zinssatz, anrechenbarer Betrag und berücksichtigte Tage nötig.","description":null}}}],"published_at":"2026-10-14T22:29:37+09:00","updated_at":"2026-10-14T22:29:37+09:00","license":"cc_by","translation_status":"reviewed","available_locales":["ko","en","ja","es"],"data_locales":["ko","en","ja","es","id","pt","zh-hant","de"],"url":"https://injoys.com/en/articles/ipo-subscription-deposit-interest-rules"}