Principles of Offsetting and Settlement of Derivative Securities Transactions
What principles must be met when offsetting and settling derivative securities transactions?
Please provide assistance.According to Article 32 of Decree 158/2020/ND-CP stipulating the principles of offsetting and settlement of derivatives transactions, specifically:
- The Vietnam Securities Depository and Clearing Corporation ensures the ability to offset and settle derivatives transactions of clearing members through the risk prevention mechanism stipulated in Article 35 of this Decree and relevant legal provisions.
- The settlement and clearing of derivatives transactions in cash between the Vietnam Securities Depository and Clearing Corporation and clearing members are carried out via bank transfer in accordance with legal regulations. The transfer of underlying assets in securities transactions on the Stock Exchange is conducted through the depository account system at the Vietnam Securities Depository and Clearing Corporation.
Respectfully!
