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Vietinbank becomes settlement unit in derivatives market

access_time May 17,2017 chat_bubble_outline 9 views

The Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has been made the exclusive financial institution to carry out settlements for derivatives trading transactions.


Vietinbank becomes settlement unit in derivatives market

Clients complete their transactions at an office of Vietinbank. 


At the co-operation agreement signing ceremony between the bank and Viet Nam Securities Depository on Monday, Vu Bang, chairman of the State Securities Commission, said selecting Vietinbank as the settlement unit for the derivatives market was the right move.

Vietinbank is a large financial institution in Viet Nam, known for a broad trading network, high ratio of financial security, positive creditability and high quality of IT human resources and facilities, Bang said.

Vietinbank’s subsidiaries such as Vietinbank Securities Company (VietinbankSc) and Vietinbank Fund Management Co Ltd will integrate deeper with the derivatives market as trading and clearing members, depending on the development progress of the market.

To further implement the strategic development plan for Viet Nam’s securities market in the 2011-20 period, the finance ministry asked the State Securities Commission, Viet Nam Securities Depository and Ha Noi Stock Exchange to develop and conduct the development plan for Viet Nam’s derivatives market.

The new market and products are expected to help Viet Nam’s securities market develop firmly, increase the scale and quality of the market, diversify products and services and gain access to international practices and standards. 

VNS

Puggles snuggle down in Sydney after rare echidna zoo births

Sydney (AFP) - Sydney's Taronga Zoo is celebrating its first successful echidna births in 30 years with three healthy babies, known as puggles, from three different mums hatching within days of each other.Echidnas, or spiny anteaters, are notoriously difficult to breed in human care, but keepers at the zoo are pleased with the progress of the tiny trio and first-time mothers Ganyi, Spike and Pitpa."All three mothers are doing an amazing job and tending to their puggles as needed," said Suzie… chat_bubble_outline Read More...

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