Being allowed to short sell and trade at T+0 will help Vietnam improve evaluation criteria under global providers of financial services such as FTSE Russell and MSCI. Vietnam's Ministry of Finance is opening a draft circular for comments that contains provisions on intraday securities trading and short selling activity, a move expected to propel Vietnam's stock market to emerging market (EM) status, stated Bao Viet Securities Company (BVSC). Short sell and trade at T+0 are expected to help Vietnam gain a further step towards being reclassified as emerging market. According to the draft circular, short sale transaction with collateral (secured short sale) is a transaction that sells borrowed securities in the securities borrowig and lending (SBL) system of the Vietnam Securities Depository. The seller is then obliged to buy back the securities to repay the loan. The short sale will be executed based on the securities loan transaction contract on the securities loan and lending system at the Vietnam Securities Depository. A secured short sale transaction must include collateral, borrowing/lending interest rate, loan term, extension, collateral disposal when the investor does not make payment of securities, settling method when a dispute arises, potential risks and losses, and the costs. Another… Read full this story
- How to enter the world of black market Pokemon
- The Flare Path: Awe Restorer
- Spotlight on the 2004 Independent Games Festival
- TenSpot: Top Ten First-Person Shooters
- Cyberpunk 2077 Release Date, The Witcher 4 News and E3 2019
Fin Min's new circular expected to propel Vietnam stock market to EM status have 238 words, post on hanoitimes.vn at August 26, 2020. This is cached page on wBlogs. If you want remove this page, please contact us.