Propose to the Government about operating a derivatives stock market in December

Representatives of HNX,VSD and the State Securities Commission exchanged, discussed the issues of stock companies and banks interested. Photo: HNX

At the conference "The regulations on professional activities on the derivative stock market, Vietnam," Ms. Nguyen Thi Hoang Lan, Vice President, Deputy General Director of HNX shared that: “The derivative stock market is introduced not only for more protective instruments but also involves risk. Hence, during the deployment process, the Ministry of Finance and the State Securities Commission has directed to be careful, but must also proceed urgently. Therefore, HNX, VSD and the market participants must implement step by step to build a legal framework, systems, products, and training members in order to complete all the tasks at the same time and propose the report to the Government in December”.

Ms. Nguyen Thi Hoang Lan also expressed that HNX needed the support and participation of the members. She wished that the members would coordinate and contribute ideas about each stage and detail in the process of building legal regulations for the derivative stock market.

About Bank Payments, Mr. Nguyen Tuan Anh, Deputy Manager of Development Payments at the VietinBank Payment Center, shared the organizational plan for account system and professional channels related to payment of derivatives stock transactions from Bank Payments. Furthermore, clarifying the account systems, detail plan for deposit account and deposit in total, connection models, communication standards and security rules.

Moreover, in order to prepare for the operation of the derivatives stock market, the representatives of relevant departments have exchanged and discussed the issues that stock companies and banks are concerned about, such as open margin accounts of investors, advanced management for the account of the investor, the investor's position, operation mechanism, mechanisms for monitoring member, etc.