Vietnam: 05 cases of calculation of settlement for government debt instruments

16:04, 21/06/2019

Recently, the Ministry of Finance of Vietnam issued Circular No. 30/2019/TT-BTC providing guidance on registration, depositing, listing, trading and settlement of government debt instruments, government-guaranteed bonds issued by banks for social policies and municipal bonds.

According to Circular No. 30/2019/TT-BTC of the Ministry of Finance of Vietnam, Vietnam Securities Depository (VSD) shall cancel settlement for debt instruments in the following cases:

- The transactions mentioned in Clause 3 Article 31 hereof;

- The transaction that cannot settle due to lack of debt instruments although settlement assistance measures have been implemented;

- The transaction the buyer of which is unable to pay but does not submit a request for deferral of settlement deadline to VSD;

- The transaction the buyer of which is still unable to pay after the deferral of settlement deadline;

- Short selling of debt instruments when the Ministry of Finance does not provide any guidelines.

View more details at Circular No. 30/2019/TT-BTC of the Ministry of Finance of Vietnam, effective from July 15, 2019.

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