Custody/clearing  
DEUTSCHE BANK    
HSBC SECURITIES SERVICES    
 
 
VIETNAM - Capital Market Infrastructure Summary

Central Securities Depository
Vietnam Securities Depository (VSD)

BIS Model
Model 3

Settlement Cycle
T+3 for equities
T+1 for bonds

Comment
The Vietnam Securities Depository (VSD) provides central registration and depository services for the securities of listed and unlisted public companies and government securities. Securities transfer is generally by book-entry transfer between the depository accounts of selling and buying members, with simultaneous adjustment of ownership information. Securities delivery at VSD and cash transfer at the settlement bank (Bank for Investment and Development of Vietnam) are carried out simultaneously, under Delivery versus Payment principles.


Key terms defined in our glossary:

Central Securities Depository
BIS Model 3
Settlement Cycle

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.