This Circular provides guidelines for some Articles of Decree No. 158/2020/ND-CP in relation to trading, clearing and settlement for derivative transactions, including stock-index futures contracts and government-bond futures contracts
“Stock-index futures contract” means a futures contract of which the underlying asset is stock index.
“Government-bond futures contract” means a futures contract of which the underlying asset is government bond or quasi-sovereign bond that has some basic characteristics of the government bond.
The template of the index futures contract shall be issued by Vietnam Exchange after obtaining approval from the State Securities Commission of Vietnam.
Conditions for conducting derivative transactions are specified at Chapter III of this Circular.
This Circular takes effect from August 27th, 2021. To replace Circular No. 11/2016/TT-BTC dated January 19th, 2016 and Circular No. 23/2017/TT-BTC dated March 16th, 2017.
|Published||Vietlaw's Newsletter No. 522|