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Regulations on Derivatives Trading
VN30 |
VN100 |
GB05 |
GB10 |
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Trading hours |
ATO periodic call auction |
08:45 - 09:00 |
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Morning continuous trading |
09:00 - 11:30 |
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Afternoon continuous trading |
13:00 - 14:30 |
13:00 - 14:45 |
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ATO periodic call auction |
14:30 - 14:45 |
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Put-through trading |
08:45 - 14:45 |
08:45 - 14:45 |
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Applicable orders |
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ATO, LO, MTL, MOK, MAK, ATC |
ATO, LO, MTL, MOK, MAK |
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Underlying asset |
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VN30 Index |
VN100 Index |
5-year government bonds, par value of 100,000 VND, nominal coupon rate of 5.0%/year, periodic coupon payment at the 12-month period, principal payment once at maturity |
10-year government bonds, par value of 100,000 VND, nominal coupon rate of 5.0%/year, periodic coupon payment at the 12-month period, principal payment once at maturity |
Multiplier |
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100,000 VND |
10,000 VND |
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Contract size |
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100,000 VND * VN30 Index value |
100,000 VND * VN100 Index value |
1 billion VND |
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Price band |
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± 7% |
± 3% |
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Tick size |
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0.1 index points (equivalent to 10,000 VND) |
1 index point (equivalent to 10,000 VND) |
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Reference price |
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The final settlement price of the immediately preceding trading session or the theoretical price (on the first trading day) |
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Final trading date |
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Third Thursday of the maturity month, or the preceding trading day if the third Thursday is on a holiday |
The 15th day of the maturity month or the preceding trading day if the 15th day is a holiday |
The 25th day of the maturity month or the preceding trading day if the 25th day is a holiday |
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Maturity month |
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Current month, next month and two last months of the next quarter |
03 last months of the nearest 03 quarters |
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Final settlement price |
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is the simple arithmetic average of the Index for the last 30 minutes of the final trading day (including 15 minutes of continuous trading session and 15 minutes of ATC periodic call auction session), after excluding 3 highest index values and 3 lowest index values of the continuous trading session |
Final settlement price at the final trading date |
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Payment mode |
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In cash |
In kind |
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Trading mode |
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Order matching or Put-through |
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Trade unit |
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01 contract |
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Order limit |
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500 contracts/order |
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Contract position limit |
Professional institutional investor |
20,000 |
10,000 |
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Institutional investor |
10,000 |
5,000 |
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Professional individual investor |
5,000 |
0 |
3,000 |
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Individual investor |
5,000 |
0 |
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Order cancellation/ modification |
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- Valid only for orders that have not been executed or for the unexecuted portion of an order; - Price and volume cannot be modified simultaneously; - Orders cannot be amended or canceled during the periodic matching sessions; - Put-through transactions already confirmed on the trading system (with the participation of both counterparties) are not allowed to be amended or canceled. |
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Trading suspension |
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- Orders cannot be placed, canceled or amended during a trading suspension; - Orders cannot be amended or canceled during the periodic matching session following a trading suspension; - Put-through transactions may be executed during the periodic matching session after the trading suspension. |