Pursuant to applicable regulations, security clearing is conducted via the Vietnam Security Depository (VSD), and securities settlement payment conducted via banks and complies with the rules that security transfer must be made at the same time with payment.
The Vietnam Bank for Investment and Development of Vietnam (BIDV) is assigned to settle for all securities transactions of Ho Chi Minh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX).
This system conducts such services as opening clearing accounts for security transactions of the VSD and the VSD depository clients; lending to the customers being in short of liquidity in line with the contract of compulsory lending signed by the VSD with the BIDV; settling the securities purchasing transactions and making the final accounting for the BIDV depository clients.