10 types of securities depository accounts of depository members and direct account holders at the Vietnam Securities Depository and Clearing

According to Article 15 of the Circular No. 119/2020/TT-BTC of the Ministry of Finance of Vietnam, to meet the management requirements of the Vietnam Securities Depository and Clearing (VSDC), securities depository accounts of depository members (DMs) and direct account holders at VSDC include:

- Trading securities accounts;

- Securities accounts temporarily suspended from trading;

- Securities account used for secured transactions;

- Frozen and temporarily held securities accounts;

- Securities accounts awaiting payment;

- Securities accounts waiting to be transferred;

- Securities accounts awaiting lending;

- Securities account as collateral for securities loans at VSDC;

- Clearing margin accounts in case a DM is also a clearing member (CM) of VSDC;

- Other accounts according to VSDC's regulations.

Besides, securities depository accounts of DMs are classified as follows:

(1) The DM's own account;

(2) Accounts for domestic clients of DMs;

(3) Accounts for foreign clients of DMs.

Moreover, securities depository accounts of DMs or direct account holders at VSDC include the following contents:

- Securities depository account number;

- Name and address of the DM or direct account holder;

- Quantity, type and code of deposited securities;

- The number of securities increased or decreased and the reasons for the increase or decrease;

- Other necessary information.

The Circular No. 119/2020/TT-BTC of the Ministry of Finance of Vietnam takes effect from February 15, 2021.

Ty Na

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