Legal Counselling

Vietnam: Notes that must be added to financial statements of securities companies

10:50, 20/04/2018

Recently, the Ministry of Finance of Vietnam issued Circular No. 23/2018/TT-BTC providing guidance on accounting for covered warrants of securities companies being issuers.

According to Circular No. 23/2018/TT-BTC of the Ministry of Finance of Vietnam, each securities company must provide the following additional notes:

- Profit (loss) from reassessment of warrants of the issuer (current period, previous period).

- Profit (loss) from reassessment of underlying assets for hedging warrant risks of the issuer (current period, previous period).

- Total amount of margins provided for securing payment obligations at depository banks of the issuer (beginning balance, ending balance).

- Total amount of margins additionally provided for hedging due to the difference between the theoretical and actual risk hedging positions.

- Total number of securities used for hedging.

- Total number of warrants to be issued.

- Total number of outstanding warrants.

View all guidelines at Circular No. 23/2018/TT-BTC of the Ministry of Finance of Vietnam, effective from April 27, 2018.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

4 lượt xem

- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn