Securities lending and borrowing
Securities borrowing and lending (SBL) activities at Vietnam Securities Depository and Clearing Corporation (VSDC) is implemented for the purpose of:
- Supporting the settlement of securities transactions in case of temporary shortage of securities for settlement by VSDC’s depository members (DMs) as a result of error corrections;
- Supporting ETF authorized participants (APs) in acquiring sufficient securities for capital contribution and execution of creation/redemption transactions with ETF in accordance with current regulations;
- Support DMs cum clearing members to borrow GBs for the settlement and transfer of underlying assets upon executing GBs futures if clearing members do not have right type and sufficiency of assets for transfer;
- Support trading members who are GBs bidders to borrow GBs for sale.
VSDC acts as an intermediary and operator of the SBL system to ensure participants’s compliance with regulations.
SBL activities are executed based on the principle that borrowers and lenders sign SBL contracts before communicating information to the SBL system as regards transactions applied direct negotiation method, or after establishing SBL agreement as regards transactions applied negotiation via VSDC’s system method.
SBL contracts are managed on VSDC’s system from the time of contract establishment to the time of contract termination to ensure rights and benefits of the parties to the contracts.
Processes and procedures are specified in the Guideline on securities borrowing and lending at Vietnam Securities Depository and Clearing Corporation no. 22/QĐ-HĐTV dated 10/08/2023
- Supporting the settlement of securities transactions in case of temporary shortage of securities for settlement by VSDC’s depository members (DMs) as a result of error corrections;
- Supporting ETF authorized participants (APs) in acquiring sufficient securities for capital contribution and execution of creation/redemption transactions with ETF in accordance with current regulations;
- Support DMs cum clearing members to borrow GBs for the settlement and transfer of underlying assets upon executing GBs futures if clearing members do not have right type and sufficiency of assets for transfer;
- Support trading members who are GBs bidders to borrow GBs for sale.
VSDC acts as an intermediary and operator of the SBL system to ensure participants’s compliance with regulations.
SBL activities are executed based on the principle that borrowers and lenders sign SBL contracts before communicating information to the SBL system as regards transactions applied direct negotiation method, or after establishing SBL agreement as regards transactions applied negotiation via VSDC’s system method.
SBL contracts are managed on VSDC’s system from the time of contract establishment to the time of contract termination to ensure rights and benefits of the parties to the contracts.
Processes and procedures are specified in the Guideline on securities borrowing and lending at Vietnam Securities Depository and Clearing Corporation no. 22/QĐ-HĐTV dated 10/08/2023
Statistics
-
44,198|6,209
-
0
-
3,475
-
824
-
37
-
10,496,267
Debt instrument and corporate bond
Days-off schedule of securities clearing and settlement