Professional Documents
Culture Documents
1
NOTION
2
System operations
3
The role of the system
4
The organizational model of the
DEPOSITORY
5
Functions of the
depository
6
Vietnam Securities
Depository (VDS)
7
1. SECURITIES REGISTRATION
⚫
⚫ Registration of information about securities: name of securities, ticker symbol,
number of securities, type of securities ...
⚫ Registration of information about the owner of securities: Full name, ownership
registration number, address, contact phone of the owner, number of securities
owned ...
8
PURPOSE
- Issued securities
- New issued securities, additional issuances
- Securities name change, split
10
Types of securities subject to
registration
11
Registration of issued securities
12
For public companies
13
For public companies (continued)
14
Exercising rights
15
How rights are exercised
Issuers
Holders of 4
non-deposited
1
securities nominated
bank for Depository
payment centre (4)
Holders of 2
deposited 3
securities Depository
members
16
Diagram annotations
(1): The issuer notifies the depository of the last registration date
and rights exercise information
(2): the depository notifies the depository member of the last
registration date and requires the creation of a list of holders of
depository securities
(3): depository member for depository The list of holders of
depository securities
(4): The depository shall make a consolidated list of shareholders
(including the list of holders of depository and non-depository
securities), calculate the right to allocate and transfer it to the
17 Issuer for confirmation.
2. SECURITIES DEPOSITORY
18
Form of depository
19
Form of depository (continued)
20
Securities Depository Account
21
Securities Depository Account
⚫
⚫ Clearing account for traded securities (pending payment): used to
account for the delivery and receipt of securities according to securities
settlement documents
⚫ Suspended trading account: Controlled securities, no longer controlled,
but suspended from trading to redefine the reference price
⚫ Custody account: received from the use of payment support funds
22
Depository members
24
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TVLK 1
Môi giới nước Môi giới trong
CÊp ngoài nước
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CÊp A B C D
ThµNH 50 50 100 50 50
VI£N
27
Services related to opening securities
depository accounts
28
For pledged securities
29
Securities Pledge and Clearance
Process
Depository 6 6
Members (3) Depository Depository
4 (5) members
7 2 7
Pledger Pledgee
1
30
Diagram annotations
32
3. CLEARING
36
Forms of clearing
⚫ Multilateral clearing
⚫ Bilateral Clearing
⚫ Direct payment
37
Multilateral clearing
38
Example: multilateral clearing
(trading results)
40
Bilateral Clearing
41
Bilateral clearing example
1 A B 120 121
2 A C 70 70
3 D A 50 51
4 D B 100 98
5 A C 90 92
6 B C 80 80
42
Bilateral clearing example
(Bilateral clearing results)
1 A B 120 121
2,5 A C 160 162
3 D A 50 51
4,7 D B 40 39
6 B C 80 80
43
Direct payment
44
SƠ ĐỒ QUY TRÌNH THANH TOÁN BÙ TRỪ
(1)
(2) (2)
(4) (4)
TTLK
(6) , (8) , (10) Ngân hàng chỉ định
Bộ phận Lưu ký
45
Chú thích sơ đồ
47
Information system on the stock
market
49
Laws on information disclosure on the
Vietnam stock market
50
Subjects of information
disclosure
⚫ Public companies
⚫ The issuers conduct a public offering of bonds
⚫ Organizations listing and registering transactions
⚫ Securities companies, fund management companies
⚫ Securities Investment Company
⚫ Stock exchanges and related persons
51
Means and forms of disclosure
52
Obligations to disclose information
⚫ Periodic disclosure
⚫ Disclosure of unusual information (within 24 hours and 72
hours)
⚫ Disclosure of information upon request (within 24 hours)
53
Regulations
54