On July 13, 2018, State Securities Committee issued Document No.4350/UBCK-PTTT on accepting to adjust to increase the initial margin ratio of the future contract index VN 30 (is a price index of 30 companies listed on the Ho Chi Minh Stock Exchange with the highest market capitalization and liquidity, meeting the criteria of screening). This Document took effect since July 18, 2018.
Accordingly, the State Securities Committee accepted request of Securities Depository Center on adjusting the minimum initial margin ratio for goods of the future contract index VN 30 from 10% to 13%. With the new deposit rate announced, the Clearing Member will have to review and recalculate the collateral value on each investor account to request additional payment if necessary.
Before Document No.4350/UBCK-PTTT took effect, Securities Depository Center applied the minimum initial margin ratio for products of future contract index VN30 are 10%. Accordingly, before conducting a transaction, Clearing Members must submit to the Securities Depository at least 10% of the trading value for open positions in the Clearing Member’s name (including the transaction of the investor).
Therefore, compare with previous documents, it can be seen that, the State Securities Commission tends to tighten margin for futures contract products, however, according to according to the assessment, the current increase is not too high and there is no pressure to pay additional margin for investors.