What is blockade and release of securities at request of investors at Vietnam Securities Depository Center?

What is blockade and release of securities at request of investors at Vietnam Securities Depository Center?

Pursuant to Article 28 of the Securities Operations Regulations issued with Decision 114/QD-VSD in 2021 regulating the processing of transfer documents at the Vietnam Securities Depository as follows:

1. VSD blocks and releases securities at the request of investors according to the provisions of Clause 3, Article 23 of Circular 119/2020/TT-BTC

2. Documents required to freeze securities include:

a. Request to transfer frozen securities of Depository Member/organization that opens an account directly (Form 28/LK of this Regulation) (02 copies);

b. Investor's request for securities freezing (Form 29/LK of this Regulation) (01 copy).

3. Documents requesting clearance of securities include:

a. Request for transfer of securities clearance of Depository member/organization that opens an account directly (Form 30/LK of this Regulation) (02 copies);

b. Request for release of securities from investors (Form 31/LK of this Regulation) (01 copy).

4. In cases where investors, depository participants, and organization that opens an account directly have been confirmed by VSD to block securities as collateral for loans at credit institutions and have not registered security measures at VSD, they will be released. securities based on confirmation by credit institutions. Securities release documents include:

a. Request to transfer funds to release securities of Depository Members/organization that opens an account directly (Form 32/LK of this Regulation) (02 copies);

b. List of securities requested for release with confirmation of release approval from the credit institution (lender) (Form 33/LK of this Regulation) (01 copy).

5. The time for VSD to process a request to freeze/release securities is 01 working day from the date of receiving valid documents from investors, depository participants/organization that opens an account directly.

What is blockade and release of investors' securities used to ensure fulfillment of obligations in secured transactions at Vietnam Securities Depository Center?

According to Article 29 of the Securities Operations Regulations issued with Decision 114/QD-VSD in 2021 regulating the blockade/release of securities at the request of the competent state agency at the Vietnam Securities Depository Center as follows:

Procedures and procedures for freezing and releasing securities of investors are used to ensure the fulfillment of obligations in security transactions implemented in accordance with the VSD's regulations on registration of security interests for securities centrally registered at VSD.

What is debt instrument blockade in debt instrument repurchase and swap activities at Vietnam Securities Depository Center?

In Article 27 of the Securities Operations Regulations issued with Decision 114/QD-VSD in 2021, it stipulates the blockade of structured securities to contribute capital to establish an exchange-traded fund at the Vietnam Securities Depository as follows. :

Procedures and order for freezing debt instruments in repurchasing and swapping debt instruments are carried out in accordance with VSD's Regulations on exercising rights for securities owners.

4. What is the sample deposit slip for securities traded at the Vietnam Securities Depository?

According to Form 06B/LK Regulations on Securities Activities issued with Decision 114/QD-VSD in 2021, there is a form for depositing securities traded at the Vietnam Securities Depository as follows:

SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
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TRADING SECURITIES DELIVERY FORM (Applicable in case of adjusting issue date information)

Dear: (Name of Depository member)……………………………………………

Sender's full name: ………………………………………………………………………………….

Birth registration number: …………………… Date of issue…………………… Place of issue………………………..

Address: ………………………………………………………………………………………………

Phone number: ………………………………………… Fax ………………………………………

Trading account number: ……………………………………………………………………………………………………….

Authorized person: …………………………………………………………………………….

ID card/citizen identification card number: ……………………… Date of issue ……………… Place of issue …………………..

During the process of depositing securities, I/we noticed information about the date of issuance of ID card/citizen identification card/Passport/Business Registration Certificate/Establishment License/Investment Certificate/Transaction Code Registration Certificate provided by issuer. issued to VSD is not accurate with my/our current issuance date information. I/we request VSD to adjust the information on the date of issuance of the registration number according to the information that your Company/Bank is managing so that I/we can deposit the following securities:

- Stock name: …………………………………………………………………………………………………………..

- Stock code: …………………………………………………………………………………

- Denominations: ………………………………………………………………………………………….

Best regards!