Trading regulations of Privately Placed Corporate Bonds
Trading of Privately Corporate Bond is placed from Monday to Friday, excluding holidays as prescribed by the Labor Code.
Trading session | Trading hours |
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Put – Through session I |
09:00 – 11:30 |
Lunch Break |
11:30 – 13:00 |
Put – Through session II |
13:00 – 14:45 |
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No specified
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Type of trading: Outright.
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Electronic put-through transaction is a type of transaction in which the trading member inputs a buy/sell order with firm commitment into the trading system or selects a corresponding order available on the trading system for executing the transaction.
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Common put-through transaction is a type of transaction in which the buyer and the seller negotiate trading conditions themselves and then enter the negotiation results into the trading system for establishing the transaction.
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Trading volume unit: 01 bond.
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Minimum trading volume: 01 bond.
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Lot size: Not specified. However, the maximum trading volume does not allow to exceed the registered bond trading volume.
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Quotation unit: VND 01.
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Time for payment: T-day.
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Payment method: Investors can choose one of two forms of payment: instant payment or payment at the end of day.
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Instant payment: The transaction will be paid within the trading hour. Investors receive money and private bonds after the order is matched and the parties complete the payment of money/Private bonds with the Vietnam Securities Depository.
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Payment at the end of day: Investors will receive money and private bonds after trading hours.
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Executed orders: Cannot be amended or canceled.
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Unexecuted orders: Allowed to amend or cancel.
- For investors selling private bonds must have sufficient bond balance in the account to execute the trade.
- Investors buying private bonds must deposit 100% of the money into the bond account before trading.
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Investors must have a regular securities trading account before registering for a private bond trading account.
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Investors must meet the criteria for professional securities investors before buying bonds.
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Sellers must complete bond deposit procedures before trading.