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Instructions for trading securities on UPCOM

Instructions for trading UPCOM

at Hanoi Stock Exchange

1. Type of traded securities

These are stocks and bonds of public companies approved for trading registration at the Hanoi Stock Exchange.

2. Trading time

Session Time
Trading method
Morning 09:00 – 11:30 Continuous order matching and Negotiation
BREAK TIME (11:30 – 13:00)
Afternoon 13:00 – 15:00 Continuous order matching and Negotiation

 

3. Trading principles

Investors open a securities trading account and place orders to buy/sell securities at VFS. In case an investor already has a securities trading account listed at VFS, there is no need to open an additional trading account on the UPCoM market.

– Trading margin: When placing an order to sell securities, the investor must have a sufficient amount of securities to sell in the securities trading account. When placing an order to buy securities, the investor makes a deposit of 100% of the purchase amount plus any additional fees.

– When an investor places a stock trading order, the investor’s bid/ask price must be within the price fluctuation range of the trading day.

Trading method
Securities transactions registered for trading at Hanoi Stock Exchange are carried out in two methods: Continuous order matching method and Agreement method.
a. Continuous order matching method
A trading method performed by the trading system on the basis of matching buy and sell orders of securities as soon as the order is entered into the trading system.
For example:
When an investor places an ABI Buy order at the price of 42,000 VND, this order will be matched in order of price priority (high price is bought first) and time priority (first in is first bought) with other orders. Reciprocal Sell has been entered into the system previously or is immediately matched with Sell orders entered into the system at a price equal to or lower than 42,000 VND.
When an investor places an ABI Sell order at the price of 42,000 VND, this order will be matched according to price priority (lowest price sold first) and time priority (first in, first sold) with opposite Buy orders. The response has been previously entered into the system or is immediately matched with Buy orders entered into the system with prices equal to or higher than 42,000 VND.
b. Agreement method:
Is a trading method in which members agree with each other on trading conditions (price, quantity, payment method) and the member’s Trading Representative enters information into the trading system to confirm this transaction.
For example: When an investor needs to carry out a put-through transaction, the investor can find a partner himself or ask VFS to find a partner to carry out the transaction and agree on transaction conditions (price, amount). quantity, payment method). After reaching an agreement, investors must go through VFS to enter orders into the trading system and confirm the transaction.
4. Trading unit/price quote
a. Transaction unit
Continuous order matching transactions: even lots are 100 stocks or 100 bonds.
Negotiable transactions: no transaction unit specified.
Transactions with volume from 01 to 99 stocks or bonds (odd lots) can be carried out by continuous order matching and agreement trading methods. On the first trading day of newly registered stocks or the first trading day of stocks with no transactions for more than 25 consecutive sessions, the Hanoi Stock Exchange does not accept odd-lot trading orders until a reference price is available. is determined from the results of the continuous order matching method
For example: For put-through transactions, customers can place orders to buy/sell securities with a quantity of 215 shares.
b. Price listing unit
Stock: 100 VND
Bonds: no votes specified
For example: Customers can order/sell 200 shares for 30,100 VND. (set 30,150 VND, 30,188 VND is the wrong price)
5. Par value
Share par value: 10,000 VND (ten thousand VND)/share
Bond par value: 100,000 VND (one hundred thousand VND)/bond
6. Reference price/ Daily trading limit
a. Reference price
The reference price of a stock is the weighted average of prices realized through the continuous order matching method of the most recent previous trading day.
For new stocks registered for trading on the first trading day and stocks with no transactions for more than 25 consecutive trading sessions, on the first day of resumption of trading, the price fluctuation range applied is ±40% compared to the reference price and Hanoi Stock Exchange only receives orders to buy and sell securities by continuous order matching trading method; Hanoi Stock Exchange does not receive orders to buy and sell securities by trading method agreement until a reference price is established from the results of the continuous order matching method.
In case of securities transactions not entitled to dividends and accompanying rights, the reference price on the ex-rights date is determined on the principle of taking the average price of the most recent trading day adjusted according to the value of dividends received. or the value of the accompanying rights, except in the case of:
– Enterprises issue convertible bonds
– The enterprise issues additional shares at an issue price higher than the average price of the trading day immediately preceding the ex-rights date.
In case of stock split or consolidation, the reference price at the return transaction date is determined on the principle of taking the average price of the trading day before the split or consolidation date and adjusted according to the ratio of stock split and consolidation.
In some necessary cases, the Hanoi Stock Exchange may apply other reference price determination methods after being approved by the State Securities Commission.
For example:
STOCK CODE JOINT VOLUME Matched price
ABI 500 40.000
ABI 1000 42.000
ABI 800 38.000

The reference price of ABI stock on July 20, 2013 is: 40,100 VND

Ptc = = 40,100 (rounded in hundred dong)

b. Price fluctuation range

Stock price fluctuation amplitude is +/-15% (price fluctuation amplitude does not apply to Bonds). The price fluctuation amplitude will be subject to change depending on the market situation at each specific time and as approved by the State Securities Commission.

Price fluctuation limits for stocks are determined as follows

 

– Maximum price (ceiling price) = Reference price + (reference price x 15%)
– Minimum price (floor price) = Reference price – (Reference price x 15%)

7. Order matching principles
Price priority
Buy orders with higher prices are prioritized for execution first.
Sell orders with lower prices are prioritized for execution first.
Time priority: If there are multiple orders with the same price, the order entered into the system first will be executed first.
In case the buy order and sell order satisfy the same price, the execution price is the price of the order entered into the system first.
For example: In the trading session on January 3, 2013, we had buy and sell orders for ABI stock as follows
Order number Buy/Sell Order (B/S)) Quantity Price
001 B 200 40.500
002 B 300 41.000
003 S 400 40.600
004 B 400 40.500
005 S 300 40.200

Matching results:

Number Bying order number Selling order number Matching quantity Matching price
01 002 003 300 41.000
02 001 005 200 40.500
03 004 005 100 40.500

Reference prices as of January 4, 2008 are:

Ptc = = 40,700

Explain:

When an order with SHL 003 is entered into the trading system, the order with SHL 002 will be matched with the order with SHL 003 with a matching quantity of 300 shares according to the principle of price priority and the matching price is the price entered into the system first. In this case the matched price is 41,000.

When an order with SHL 005 is entered into the system, the order with SHL 001 will match the order with SHL 005 at the price of 40,500, the matched quantity is 200 shares; Next, the order with SHL 004 will continue to be matched with the order with SHL 005 at the price of 40,500, the matched quantity is 100 shares. The explanation for the above result is that the order with SHL 001 is entered into the system before the order with SHL 004, so it has priority for execution as soon as the corresponding order 005 is entered into the system.

8. Type of trading order

Trading orders by order matching method are limit orders.

A limit order is an order to buy or sell that is executed at an investor’s specified price. The limit order is valid until canceled or until the end of the trading session.

For example: ABI Buy Order with quantity 300 at price 41,000 VND

ABI Sell order with quantity of 500 at price 40,500 VND

9. Payment regulations

For stock transactions: multilateral clearing on the afternoon of T+2

For bond transactions: multilateral clearing on T+1 day

10. Regulations on order cancellation

i. Continuous order matching method

Modifying orders and canceling trading orders is only valid for the original order that has not been executed or the remainder of the original order that has not been executed

With correction orders, investors are only allowed to Modify price and Modify volume:

a) Order priority remains unchanged in case of volume reduction

b) Order priority is calculated from the time the correction order is entered into the trading system for cases of volume correction and/or price correction.

For example: In the trading session on January 3, 2013, an investor placed an order to Buy ABI with a quantity of 300 at the price of 40,500. When there is a need to cancel an order, investors contact VFS’s Brokerage Department to know the order matching results. Depending on the case, the order is allowed or not allowed to be canceled:
Case 1: If the order is completely unmatched (300 ABI shares are waiting to be matched), this entire order is allowed to be canceled.
Case 2: If the order has been completely matched (300 ABI shares have been fully matched), cancellation of this order is not allowed.
Case 3: If the new order is partially matched with the quantity of 100 ABI shares (the remaining 200 ABI shares are waiting to be matched), then only the remainder of this order is allowed to be canceled, that is, the order is only allowed to be canceled with the remaining amount of 200 ABI shares.
ii. Method of agreement
Order cancellation is not allowed
11. Regulations on transactions during the trading day
Investors can simultaneously place buy and sell orders with the same type of securities in each order match on one account.
12. Other regulations
a. Open an account
Each investor is only allowed to open 01 securities trading account at VFS, except in the following cases when opening more than 01 securities trading account at VFS:
Fund management company
Insurance company with 100% foreign capital
Foreign investors are foreign securities companies established under foreign laws.
When opening a trading account, the Investor must notify the securities company of the entire number of accounts and account codes previously opened at other securities companies (if any).
b. Authorization to trade securities
Investors can authorize in writing (without notarization) an organization such as a securities company and/or a depository bank to perform transactions on their behalf.
Authorizing another individual to perform transactions on your behalf must be in writing with local or notarized confirmation, clearly stating the scope of authorization and that the authorized person is not allowed to perform transactions. translate with themselves or with a third person to whom they are also authorized.
Securities company employees are not allowed to receive authorization from investors.

Regular questions

Don't keep questions or problems to yourself; the VFS staff will help you whenever you need it.

1. How many channels are there for customers to trade securities online in VFS? How do I register?

Online securities trading channels of VFS includes:

– Trading Webtrading on personal computers/Mobile devices (https://trading.vfs.com.vn)

– Software installation channel on mobile devices (Download VFS Mobile app)

To be able to use these trading channels, customers must first have an account at VFS and have a user and password for online transactions

2. In order to use the WebTrading trading system, what are the requirements for my personal computer configuration?

To access Webtrading, the personal computer must be connected to the Internet

3. To install the application on a smart mobile device (Mobile VFS), what are the requirements for my device?

To install the App, the requirements are:

– For Android operating system: Version 6.0 or higher.

– For IOS operating system: Version from 13.0 and above.

4. Is it possible to transfer a stock trading account to another company?

To transfer securities accounts, investors need to follow the following steps:

– Open an account at the new securities company.

– Ask the former securities company to transfer the shares in your current account to the new securities account at the new securities company.

5. Does money in a securities account receive interest??

The amount of unused money in the securities account will receive interest without term according to the regulations of VFS in each period.

6. How much is the fee to open a securities account?

VFS does not charge a fee for opening a securities trading account

7. What are the risks in stock investment? Is there stock hedging insurance?

The risk in stock investment is that when buying any stock, then the stock price falls below the original purchase price, if sold, you will lose a certain amount, the main risk is a decrease in the stock price.

There is no hedging on securities investment, resulting in profit or loss when investing, investors accept with their decisions.

8. Is it possible to extend a loan?

VFS can extend the loan based on the request of the Customer.

9. How to register for cash advance service?

Customers sign a contract for cash advance service according to VFS’s form at the Transaction Counter.

Or the customer prints and signs a contract of cash advance services, and records a video to verify personal information and the signing process, and then sends the file to VFS transaction office.

10. How to check money transactions?

In case of errors in the deposit and withdrawal process, please contact the following addresses for detailed instructions:
• Via phone number/email::
– Headquarters: 028.6255.6586
– Hanoi branch: 0243.9288 222
– Customer Service Center: customercare@vfs.com.vn
• Directly at Nhat Viet Securities Joint Stock Company
– Headquarters: 1st Floor, 117-119-121 Nguyen Du, Ben Thanh Ward, District I, HCMC.
– Hanoi Branch: 5th Floor, No. 37 Ba Trieu, Hang Bai Ward, Hoan Kiem District, Hanoi.

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