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Saturday, February 4, 2023

Initial margin for derivatives to rise to 17%

By N. Tan

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HCMC – The Vietnam Securities Depository (VSD) has revised the cap for the initial margin for the VN30 index futures contracts to align with developments on the derivatives market.

The VSD yesterday, December 12, raised the initial margin for futures contracts of the VND30 blue-chip index to 17% from 13%. The adjustment will take effect from December 15.

It posted the announcement about the revision on its portal and notified clearing members and the Hanoi Stock Exchange.

The increase was in line with the consensus reached by the State Securities Commission of Vietnam and calculation results of the initial margin for futures contracts of the VN30 basket determined periodically by the VSD as prescribed in its guidelines on securities clearing and settlement, the agency reported.

According to VSD, the new initial margin would help clearing activities and securities transactions become safer.

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