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What is mechanism to support securities transaction payments for members who are handled for violations lịch trực tiếp bóng đá hôm nay payment activities in Vietnam? What are procedures for supporting payment for securities transactions for members who are handled for violations lịch trực tiếp bóng đá hôm nay payment activities in Vietnam? What is refund lịch trực tiếp bóng đá hôm nay money received for securities transaction payment support in Vietnam?
What is mechanism to support securities transaction payments for members who are handled for violations lịch trực tiếp bóng đá hôm nay payment activities in Vietnam?
In Article 13 lịch trực tiếp bóng đá hôm nay the Regulation on clearing and settlement activities for securities transactions at the Vietnam Securities Depository Center issued together with Decision 109/QD-VSD in 2022 regulating mechanism to support securities transaction payments for members who are handled for violations lịch trực tiếp bóng đá hôm nay payment activities as follows:
1. Members are handled by VSD for violations according to the provisions lịch trực tiếp bóng đá hôm nay VSD's Regulations on Depository Members due to temporary inability to pay for securities transactions, failure to fully pay contributions to the Payment Support Fund or failure to repay loans from the Payment Support Fund will only receive support up to the amount lịch trực tiếp bóng đá hôm nay that Member's own contribution to the Payment Support Fund.
2. The time to apply the mechanism specified in Clause 1 lịch trực tiếp bóng đá hôm nay this Article is 03 months for cases where violations are handled in the form lịch trực tiếp bóng đá hôm nay a warning and 06 months in cases lịch trực tiếp bóng đá hôm nay violations lịch trực tiếp bóng đá hôm nay the form lịch trực tiếp bóng đá hôm nay reprimand or higher calculated from the date lịch trực tiếp bóng đá hôm nay issuance lịch trực tiếp bóng đá hôm nay the reminder document or the date lịch trực tiếp bóng đá hôm nay issuance lịch trực tiếp bóng đá hôm nay the Decision to reprimand/temporarily suspend VSD's depository activities or the expiration date lịch trực tiếp bóng đá hôm nay temporary suspension lịch trực tiếp bóng đá hôm nay securities transaction payment activities according to VSD's Decision may extend the application period lịch trực tiếp bóng đá hôm nay the above mechanism to a maximum lịch trực tiếp bóng đá hôm nay 06 months in cases where violations are not remedied or continue to violate regulations on payment activities during the application period lịch trực tiếp bóng đá hôm nay the above mechanism.
3. During the application lịch trực tiếp bóng đá hôm nay the mechanism specified in Clause 1 lịch trực tiếp bóng đá hôm nay this Article, the Member lacks money to pay for securities transactions in excess lịch trực tiếp bóng đá hôm nay the payment support fund contribution due to adjusting the notice summarizing the results lịch trực tiếp bóng đá hôm nay clearing money. Payment for securities transactions arising from transactions with delayed payment deadlines or cancellation lịch trực tiếp bóng đá hôm nay non-payment by other Members will still be able to borrow from the Payment Support Fund. Refunds to the Fund are carried out in accordance with regulations on management and use lịch trực tiếp bóng đá hôm nay the Payment Support Fund.
What is mechanism to support securities transaction payments for members who are handled for violations lịch trực tiếp bóng đá hôm nay payment activities in Vietnam? (Image from the Internet)
What are procedures for supporting payment for securities transactions for members who are handled for violations lịch trực tiếp bóng đá hôm nay payment activities in Vietnam?
In Article 14, Regulation on clearing and settlement activities for securities transactions at the Vietnam Securities Depository Center issued together with Decision 109/QD-VSD in 2022, stipulating procedures for supporting payment for securities transactions for members who are handled for violations lịch trực tiếp bóng đá hôm nay payment activities as follows:
1. In case lịch trực tiếp bóng đá hôm nay using loans from the Payment Support Fund:
a. The payment bank, based on the official dispatch requesting payment support (Form 07/TTBT lịch trực tiếp bóng đá hôm nay this Regulation) lịch trực tiếp bóng đá hôm nay VSD, transfers money from the Payment Support Fund account to the transaction clearing deposit account. Securities lịch trực tiếp bóng đá hôm nay the Member are temporarily insolvent.
b. After completing the use lịch trực tiếp bóng đá hôm nay loan money from the Payment Support Fund, VSD sends a Notice lịch trực tiếp bóng đá hôm nay use lịch trực tiếp bóng đá hôm nay the Payment Support Fund to the Member who is temporarily insolvent (Form 08/TTBT lịch trực tiếp bóng đá hôm nay these Regulations). Subsequent payments shall be made according to the order specified in Appendix 02 lịch trực tiếp bóng đá hôm nay these Regulations.
2. In case lịch trực tiếp bóng đá hôm nay using loan from the Payment Bank, the Payment Bank shall base on the official dispatch requesting payment support (Form 07/TTBT lịch trực tiếp bóng đá hôm nay this Regulation) from VSD to transfer the Bank's payment to the securities transaction clearing deposit account lịch trực tiếp bóng đá hôm nay the member who is temporarily insolvent. Subsequent payments shall be made according to the order specified in Appendix 02 lịch trực tiếp bóng đá hôm nay these Regulations.
What is refund lịch trực tiếp bóng đá hôm nay money received for securities transaction payment support in Vietnam?
In Article 15 lịch trực tiếp bóng đá hôm nay the Regulation on clearing and settlement activities for securities transactions at the Vietnam Securities Depository Center issued together with Decision 109/QD-VSD in 2022 regulating refund lịch trực tiếp bóng đá hôm nay money received for transaction payment support securities are as follows:
1. Members using money from the Payment Support Fund must bear loan interest and repay the loan according to regulations on management and use lịch trực tiếp bóng đá hôm nay the Payment Support Fund.
2. Members who violate payment obligations result in having to use loan money from the Payment Bank to pay interest and repay the loan to the Payment Bank according to the provisions lịch trực tiếp bóng đá hôm nay the Loan contract or payment support agreement signed between the Member and the payment bank.
3. In case lịch trực tiếp bóng đá hôm nay necessity, based on the payment bank's request to freeze/release securities and the contract between the parties on freezing lịch trực tiếp bóng đá hôm nay securities to secure the loan, VSD will freeze/release the securities that the borrower member agrees to serve as collateral for the loan. The order and procedures for implementing the blockade/clearance are carried out according to the provisions in Appendix 03 lịch trực tiếp bóng đá hôm nay this Regulation.
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