Regulations on Trading > Regulations on bond trading
Transaction Detail

1. Trading time

ü  Morning trading session from 8h30 to 11h

ü  Afternoon trading session from 13h00 to 14h15

2. Trading unit: 01 (one) bond.

3. Minimum Trading Volume:

3.1  Ordinary transaction:

ü  Electronic method  : 100 bonds

ü  Ordinary method : 10,000 bonds

3.2. Repo transaction: 1,000 bonds

4. Price unit: VND 01

5. Face value: VND 100,000 (one hundred thousand Vietnam Dong)/bond.

6. Transaction type:

ü  Put-through transaction type applies to all transaction.

ü  Put-through transaction type includes: E-Put-through transaction and Ordinary put-through transaction.

7. Transaction Order:

7.1. Ordinary transaction:

ü  E-put-through transaction: guaranteed buy order and sell order are publicized on trading system.

ü  Ordinary put-through transaction:

- Advertising orders: buy or sell order of bond. The Customer can negotiate on trading condition (price, volume). Advertising order could be sent to one individual member or a group member or the whole market.

ü   Report orders: are used to enter transaction into the system in case that the transaction conditions have been agreed among parties.

7.2. Bond repo transaction:

     - Electronic method:

ü  Request for quotation: has the nature of advertisement and it is used when the Customer has not found his/her partner for the transaction. The request could be sent to 1 person, 1 group or the whole market

ü  Guaranteed buy or sell order: used as an offer against the request for quotation. Guaranteed order is only sent directly to member who has the Request for quotation.

8. Buy and sell the same bond in one trading session:

Buy and sell the same bond in one session could be carried out only when there is ownership transfer of the traded bond.

9. Cancel/Edit order in the session:

ü  Investors are allowed to edit or cancel the Put-through orders that have not completed. Trading representatives can edit or cancel the customer’s orders according to Orders Cancellation/Amendment process regulated by HNX.

ü  Executed Put Through transactions are not allowed to cancel.

ü  Regarding repo transactions, amendment to orders that have been completed could be applied to the first-time transaction. Second repo transaction will not be allowed to be edited /cancelled.

ü   During the trading hours, if the transaction representative wrongly inputs the Put Through order, he/she is allowed to amend the order, but must present the original order of his/her investor and must have agreement of the partner as well as approval from HNX for the amendment. Order amendments of members must follow the Put-through Order Amendment Process issued by the HNX.

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