How to exercise the right to buy through the online communication portal of the Vietnam Securities Depository?

How to exercise the right to buy through the online communication portal of the Vietnam Securities Depository?

Pursuant to Clause 3, Article 10 of the Regulation on guiding the handling of transactions through the online communication portal of the Vietnam Securities Depository issued together with Decision 40/QD-VSD in 2022 stipulating the exercise of the right to buy as follows:

3. Exercising the right to buy:

3.1. Transfer of the right to buy:

The transfer of the right to buy under the provisions of the Regulation on Exercising the right through the Online Communication Portal is done as follows:

a. The transferor's members, when submitting the application for transfer of the right to purchase, shall also send to VSD the MT542 - Request for transfer of the right to purchase.

b. VSD responds to the approval of the transferer Member's request to transfer the right to purchase by electronic MT546 - Confirm the request to transfer the right to purchase successfully or refuse to confirm the request by electricity MT548 - Refuse to confirm the transfer request franchise purchase. In case of transfer approval, VSD shall notify the transferee member by telegram MT544 - Notice of transfer to the transferee member.

3.2. Register to order:

The registration of purchase orders specified in the Regulation on Exercising Rights through the Online Communication Portal is done as follows:

a. Members when submitting the application for purchase registration will simultaneously send to VSD with MT565 - Request for purchase.

b. VSD responds to the result of receipt of subscription documents for Members by email MT566 - Confirmation of successful subscription registration request or MT567 - Rejection of confirmation of subscription registration request.

3.3. The order, procedures and time for handling the transfer of the right to purchase and registering to order must comply with the Regulations on exercise of rights.

What are regulations on registering and receiving convertible bonds through the online communication portal of the Vietnam Securities Depository?

Pursuant to Clause 4, Article 10 of the Regulation on guiding the handling of transactions through the online communication portal of the Vietnam Securities Depository issued together with Decision 40/QD-VSD in 2022 stipulating regulations on registering and receiving convertible bonds through the online communication portal of the Vietnam Securities Depository as follows:

4. Registration and receipt of convertible bonds:

4.1 The registration for exercise of convertible bond rights specified in the Regulation on Rights Exercising via the Online Communication Portal is done as follows:

a. When a member submits the list of depository holders registering to convert convertible bonds, they will simultaneously send to VSD with MT565 - Registering investors to receive convertible bonds.

b. VSD responds to the result of receiving the registration file for exercising the convertible bond rights to the Member by electricity MT566 - Confirming the investor registration request to receive the convertible bond successfully or MT567 - Refuse to confirm the request register investors to receive convertible bonds.

4.2. The order, procedures and time for handling the conversion of convertible bonds shall comply with the provisions of the Regulation on exercise of rights.

What are regulations on processing transactions related to clearing activities via the online communication portal of the Vietnam Securities Depository?

Pursuant to Clause 5, Article 10 of the Regulation on guiding the handling of transactions through the online communication portal of the Vietnam Securities Depository issued together with Decision 40/QD-VSD in 2022 stipulating regulations on processing transactions related to clearing activities via the online communication portal of the Vietnam Securities Depository as follows:

1. Compare and confirm transaction results:

The reconciliation and confirmation of transaction results are specified in the Regulation on clearing and settlement of securities transactions (hereinafter referred to as the Regulation on clearing and settlement activities) when being done via the Online Communication Portal as follows:

a. After receiving the trading results from the Stock Exchange, VSD prepares and sends to the Member a Notice of summary of trading results, Notice of accounts of investors performing sale transactions when there is not enough balance of securities owned, Notice of updating investor information in the form of FileAct - Announcement of transaction results.

b. Members check and send confirmation of transaction results to VSD in the form of electricity MT598 - Confirm transaction results.

2. Confirm direct transaction payment:

Members send confirmation of direct transaction payment for transactions that are late for payment specified in the Regulation on clearing and settlement activities to VSD in the form of electricity MT598 - Confirmation of direct payment transactions.

3. Send payment documents:

The sending of cash and securities payment documents to the Member specified in the Regulation on clearing and settlement activities via the Online Communication Portal is done by VSD in the form of FileAct - Notification of clearing results.

4. Confirmation of completion of payment for securities transactions:

After completing the payment for securities transactions, VSD sends the Depository Member and the Organization to open an account directly this message in the form of MT598 - Notice of confirmation of completion of securities transaction payment.

5. The order and time for processing the submission and confirmation of transaction results and payment documents shall comply with the Appendixes attached to the Regulation on clearing and settlement activities.

Best regards!