This guide is prepared with attention to introduce how to perform derivative trading steps for domestic and foreign individual and institutional customers at Phu Hung Securities Corporation (“PHS”). This guide is compiled and updated regularly by PHS.
Domestic customers are individuals having Vietnamese nationality, organizations established and operating under the provisions of Vietnamese law.
Foreign customers are individuals that have foreign nationality; institutions established in accordance with foreign laws and perform business investing in Vietnam; institutions established in accordance with laws of Vietnam and own 51% or more of chartered capital.
Domestic and foreign individual and institutional customers trading derivatives at Vietnam Derivatives Market must comply with the Circular 11/2016/TT-BTC dated January 19, 2016 of the Ministry of Finance on derivatives and derivatives market.
For trading derivatives at PHS, domestic individual Customers need:
- Underlying securities trading account opened at PHS.
- Derivatives trading account opened at PHS.
For foreign customers, they must register their trading codes in accordance with the securities law on foreign investment activities in the securities market before opening derivatives trading accounts.
Guide for trading derivatives
Step 1: Open account
1.1 Conditions for opening account |
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1.2 Document for opening account |
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Domestic customers |
Foreign customers |
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Individual |
Institutional |
Individual |
Institutional |
- Copy of ID card is still valid |
- Notarized copy valid on time of the Establishment and Operation License or the Business Registration Certificate as prescribed. - Copy of decide to appoint (If any) - Copy of Charter (If any) - Copy of ID card/Passport of legal representative |
- Copy of Passport (consular legalization) - Copy of Approval for securities trading code (VSD form) |
- Notarized copy valid on time of Establishment and operation licenses or Business registration certificates according to regulations or equivalent documents granted by competent foreign management agencies/investment licenses/Branch establishment (for with branches of foreign organizations in Vietnam) - Copy of decide to appoint (If any) - Copy of Charter (If any) - Copy of ID card/Passport of related persons of the institutional. -Copy of Approval for securities trading code (VSD form) |
Step 2: Trading Derivatives
Before deposit on a derivative margin account at VSD, Customer must deposit into the derivatives trading account at PHS
2.1 Customer deposit into derivatives trading account |
Refer to payment instructions here |
Before starting derivative trading, Customers make a deposit to margin account at VSD by the following ways:
2.2 Customers make deposit margin |
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To start trading derivatives, Customers make orders in the following ways:
2.3 Customer placing order buy/sell derivatives |
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Step 3: Obligations while trading derivatives
During the daily trading period, customers must manage and regularly monitor the status of the customers's derivative trading account through The derivative trading account parameter here
During the trading session, customers actively monitor the use rate of collateral, PHS does not send notice. After the session end, PHS will send Email or SMS to notify customers of obligations to perform (if any) within the time specified by PHS.
Step 4: Daily profit/loss payment
PHS will make everyday payment of position profit/loss for Customer on the next trading day or according to PHS's regulations from time to time.
If the Customers have profit, the profit will be increased, otherwise, if there is a loss, the loss amount will be deducted and paid from derivatives trading account
The profit/loss amount is determined |
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