Hotline 1900 633 996
search
  • en
  • vi
Trading Tool
Knowledge

Knowledge

Derivatives market


A. Transaction fee of Index Futures Contract 

Types of transactions Fee
Position opening and closing  VND 4,000/ contract
Contract expiring VND 4,000/ contract

B. Trading fee of Government Bond Futures Contract

Types of transactions Fee
Position opening and closing  VND 20,000/ contract

C. Submit/ withdraw/ transfer deposits

Types of transactions Fee
1. Submit/ withdraw deposits Free
2. Transfer deposits to bank accounts In accordance with banks’ fee schedules

Note: The above-stated fee is exclusive of tax and fee payable to Stock Exchanges and Viet Nam Securities Depository And Clearing Corporation. 

D. Fees payable to Viet Nam Securities Depository And Clearing Corporation (VSDC) 

Types of fees Fee
Trading fee for Index Futures Contract VND 2,700/ contract
Trading fee for Bond Futures Contract VND 4,500/ contract

E. Fees payable to Viet Nam Securities Depository And Clearing Corporation

Type of fees Fee
1. Derivative securities clearing service fee VND 2,550 / contract 
2. Collateral management service fee

0.0024% x Accumulated Equity Balance / month

Maximum VND 1,600,000 / month

Minimum  VND 100,000 / month

Deposit balance is used for calculation is end-of-day deposit balance.

Deposited asset management fee is collectible at the last working day of each month.

F. Tax

1. For Retail Client (Local & Foreign) and Foreign Institutional:

Tax rate = 0.1% x Transfer price of each time
Transfer price of each time = (Payment price of liquidation contract x Contract multiplier x Number of contracts x Initial margin rate)/2

In which:

  • The timing for determining taxable income is either the execution time of Opening/Closing position or the expiration date of the futures contract
  • Initial margin rate (IM VSDC) is regulated by VSDC. Currently, IM VSDC for stock index futures contract is 17% and government bond futures contract is 25%.

2. For Local Institutional: apply corporate income tax.