Commercial banks are offsetting members of Vietnam Securities Depository and Clearing Corporation

17:20, 05/12/2019

On November 26, 2019, the National Assembly of Vietnam issued the Law on Securities 2019, replacing the Law on Securities 2006 and the amended Law on Securities 2010.

Charter of Vietnam Securities Depository and Clearing Corporation from 2021 / Vietnam Securities Depository and Clearing Corporation has the rights to issue domestic ticker symbols

NHTM là thành viên bù trừ của Tổng công ty lưu ký và bù trừ chứng khoán VN, Luật Chứng khoán 2019

According to the Law on Securities 2019 of Vietnam, offsetting members include securities companies, commercial banks, foreign branch banks (FBBs) licensed to provide securities offsetting and payment services by the State Securities Commission (SSC) and accepted by Vietnam Securities Depository and Clearing Corporation (VSDCC) as offsetting members. Offsetting members have the following rights and obligations:

- Provide offsetting and payment services for derivatives and other kinds of securities. Offsetting members that are commercial banks and FBBs may only offset and pay for their own derivatives;

- Request investors to fully and punctually pay the deposits; use deposited assets of investors to fulfill the obligations to VSDCC;

- Close positions, liquidate open positions of investors; use deposited assets to pay for open positions of insolvent investors;

- Exercise other rights prescribed by law and VSDCC’s charter.

View more details at the Law on Securities 2019 of Vietnam, effective from January 01, 2021.

Ty Na

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