What are reporting responsibilities of clearing members at kết quả bóng đá trực tiếp Vietnam Securities Depository?

What are reporting responsibilities of clearing members at kết quả bóng đá trực tiếp Vietnam Securities Depository?

In Article 10 of kết quả bóng đá trực tiếp Regulation on members clearing derivatives at kết quả bóng đá trực tiếp Vietnam Securities Depository, issued together with Decision 84/QD-VSD in 2022, there are regulations on reporting responsibilities of clearing members at kết quả bóng đá trực tiếp Vietnam Securities Depository are as follows:

1. Clearing members must report to VSD within 01 working day from kết quả bóng đá trực tiếp occurrence of kết quả bóng đá trực tiếp following events:

a) kết quả bóng đá trực tiếp system for clearing and settlement of derivatives transactions at clearing members encounters problems;

b) Occurrence of problems related to clearing and settlement of derivative securities transactions that cannot be remedied within kết quả bóng đá trực tiếp same day;

b) Being suspended from trading in derivatives;

c) kết quả bóng đá trực tiếp membership of derivatives trading members is canceled;

d) Being insolvent as prescribed in Clause 1, Article 15 of Circular 58/2021/TT-BTC ;

dd) Being placed in warning status according to kết quả bóng đá trực tiếp provisions of kết quả bóng đá trực tiếp securities law on financial safety, kết quả bóng đá trực tiếp banking law on capital adequacy.

2. On-demand reporting

In case of necessity, VSD may request clearing members to provide information on open positions, margin assets of clearing members, clearing members' customers and other documents related to clearing and settlement of derivative securities transactions at clearing members.

What is examination of clearing members at kết quả bóng đá trực tiếp Vietnam Securities Depository?

In Article 11 Regulation on members clearing derivatives at kết quả bóng đá trực tiếp Vietnam Securities Depository, issued together with Decision 84/QD-VSD in 2022, there are regulations on examination of clearing members at kết quả bóng đá trực tiếp Vietnam Securities Depository are as follows:

1. Test content

VSD conducts checks on clearing members in compliance with VSD's regulations and regulations related to clearing and settlement activities for derivatives transactions.

2. Inspection plan, order and procedures

VSD shall coordinate to comply with kết quả bóng đá trực tiếp plan, order and procedures for periodic or extraordinary inspection of kết quả bóng đá trực tiếp State Securities Commission according to kết quả bóng đá trực tiếp provisions of Clause 5, Article 16 of Circular 95/2020/TT-BTC on supervision of securities transactions on kết quả bóng đá trực tiếp stock market.

What is form of a explanation that meets kết quả bóng đá trực tiếp requirements of business processes at kết quả bóng đá trực tiếp Vietnam Securities Depository?

In Form 01/PS-TVBT issued together with kết quả bóng đá trực tiếp Regulation on members clearing derivatives at kết quả bóng đá trực tiếp Vietnam Securities Depository, issued together with Decision 84/QD-VSD in 2022, there is a provision on kết quả bóng đá trực tiếp form of explanation to meet kết quả bóng đá trực tiếp requirements of kết quả bóng đá trực tiếp business process at kết quả bóng đá trực tiếp Vietnam Securities Depository Center is as follows:

SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
---------------

………, day month Year ……

EXPLANATION

MEET kết quả bóng đá trực tiếp REQUIREMENTS ON BUSINESS PROCESS

(For clearing and settlement of derivative securities transactions)

I. GENERAL INFORMATION

1. Name of organization: …………………………………………………………………………………………

2. Head office: ……………………………………………………..

3. Phone: ……………… Fax …………………………………………………….

4. Registered clearing member type: ……………………………………………………

5. List of members of kết quả bóng đá trực tiếp Board of Directors assigned to be in charge of clearing and settlement of derivatives transactions(according to kết quả bóng đá trực tiếp attached Appendix) .

II. NOTES ON BUSINESS PROCESS

Explain kết quả bóng đá trực tiếp procedures for handling clearing and settlement of derivatives transactions between clearing members and VSD (order, time, and method of handling) as follows:

A. Registering, unregistering margin securities account information

1. Register account information

a. For regular (netted) accounts:

- Register information on margin securities accounts in case investors already have trading accounts at clearing members.

- Register information on margin securities accounts in case investors do not have or do not use trading accounts at clearing members.

b. For an omnibus account:

- Process of handling documents.

- Process on kết quả bóng đá trực tiếp system.

2. Unregister account information

- Process of position handling, deposit, fulfillment of position loss/profit payment obligations, contract performance payment (if any) before sending kết quả bóng đá trực tiếp email to unregister account information.

- Process of sending email to cancel registration of account information.

B. Calculating required margin, depositing, withdrawing, managing deposited assets to VSD

1. Determine kết quả bóng đá trực tiếp margin value to be paid to VSD before performing a transaction, set up kết quả bóng đá trực tiếp system function to block investors' trading orders when kết quả bóng đá trực tiếp account does not guarantee kết quả bóng đá trực tiếp required margin value.

2. Determine kết quả bóng đá trực tiếp margin value to maintain for positions on investor accounts

3. Deposit, withdraw deposit

- kết quả bóng đá trực tiếp process of depositing deposit, handling successfully submitted electricity, failed payment (after receiving confirmation email/notification from VSD).

- Deposit withdrawal process: how to check and compare kết quả bóng đá trực tiếp balance to determine kết quả bóng đá trực tiếp valid withdrawal (only allowing investors to withdraw margin when ensuring that kết quả bóng đá trực tiếp ratio of using margin assets after withdrawal is not higher than 100%); how to handle kết quả bóng đá trực tiếp successful withdrawal, kết quả bóng đá trực tiếp withdrawal is rejected (after receiving kết quả bóng đá trực tiếp confirmation/confirmation message from VSD).

- Processing time for electricity submission and withdrawal in kết quả bóng đá trực tiếp day.

4. Allocating deposit interest on received margin account.

C. Clearing and settlement of derivative securities transactions

1. Receive position notifications.

2. Get information on final settlement price (DSP), final settlement price (FSP), calculate, compare and confirm position loss/profit with VSD.

3. Make daily I/O payment:

- Notify position loss for each investor, pay position loss according to regulations.

- Announce position profit to each investor, allocate position profit to investors after receiving.

4. Payment for kết quả bóng đá trực tiếp performance of Government bond futures contracts.

- kết quả bóng đá trực tiếp jobs processed after kết quả bóng đá trực tiếp last transaction day (from day E+1 to kết quả bóng đá trực tiếp end of day E+3).

- kết quả bóng đá trực tiếp method of allocating money and government bonds to investors after VSD and kết quả bóng đá trực tiếp paying bank complete kết quả bóng đá trực tiếp payment.

5. Handling insolvency.

D. Margin asset utilization rate management, position limit

1. Receive and process information that violates warning thresholds 1, 2, and 3.

2. How to handle in case an investor's trading account is locked due to violation of margin ratio and position limit.

E. Compare position information, margin account with VSD

1. Method and time of comparison.

2. Handling cases of incorrect information.

(Note: Only shows kết quả bóng đá trực tiếp content of kết quả bóng đá trực tiếp interactive process between TVBT and VSD)

We commit that kết quả bóng đá trực tiếp construction processes at kết quả bóng đá trực tiếp unit are completely appropriate, meet kết quả bóng đá trực tiếp requirements and strictly comply with kết quả bóng đá trực tiếp provisions of law and regulations of kết quả bóng đá trực tiếp Vietnam Securities Depository.

 

LEGAL REPRESENTATIVE (Signature, stamp, full name)

 

APPENDIX

List of members of kết quả bóng đá trực tiếp Board of Directors in charge of clearing and settlement of derivatives transactions

(Attached to Form 01/PS-TVBT)

STT	First and last name	ID number or CCCD or Passport	Workplace	Sample signature 1	Sample signature 2
1
2
…

 

Seal pattern 1		2 . seal pattern		3 . seal pattern

We commit and take full responsibility for kết quả bóng đá trực tiếp accuracy and truthfulness of kết quả bóng đá trực tiếp above information.

Best Regards!