Derivatives trade plummets in January
HCMC – The derivatives market remained gloomy in January, with the VN30 index futures contract trading
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.