ETF investment instruction
Investor can invest in ETF by placing creation/redemption orders at the fund’s Authorized Participants of SSIAM VNX50 ETF, SSIAM VNFIN LEAD ETF, and SSIAM VN30 ETF or buy/sell ETF in the secondary market through the stock exchange.
A. PRIMARY TRADING
TRADING OVERVIEW
|
CREATION MINIMUM ORDER |
01 creation unit (equivalent to 100,000 Fund units) |
|---|---|
|
REDEMPTION MINIMUM ORDER |
01 creation unit (equivalent to 100,000 Fund units) |
|
DEALING DATE |
Daily (Day T) |
|
CUT-OFF TIME |
14:40 pm on Day T |
1. CREATION ORDER
-
Investors purchase the component securities portfolio at least 3 working days in advance from the trading date. View information on the component securities portfolio of the SSIAM VNX50 ETF, SSIAM VNFIN LEAD ETF and SSIAM VN30 ETF.
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Fill out the trading order information in the forms below and submit it to the Authorized Participants before 2:40 p.m.
-
The document confirming the balance and confirming the blockade of the Depository Member where the investor opened the depository account, confirms that the investor has sufficient balance of the Component Securities used to perform the exchange trading and the amount of Component Securities used to perform this exchange trading transaction has been blocked by the Depository Member from the exchange trading date to the end of the settlement date.
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Announce the exchange-traded securities substituted by cash.
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Transfer the cash (if any) to the account of ETF SSIAM VNX50; ETF SSIAM VNFIN LEAD or ETF SSIAM VN30 at the supervisory bank before 11 a.m. Day T+1.
-
Transaction confirmation will be sent to the investor within two (02) working days from the date of exchange-traded transaction (Day T).
MONEY TRANSFER GUIDE
SSIAM VNFIN LEAD ETF
|
|
AUTHORIZED PARTICIPANTS AND DISTRIBUTOR |
ABBREVIATIONS | ACCOUNT NUMBER | BENEFICIARY NAME AND BENEFICIARY BANK |
|---|---|---|---|---|
| 1 |
SSI Securities Corporation
|
SSI | 0681000001448 |
Beneficiary name: SSIAM VNFIN LEAD ETF
Beneficiary bank: Vietcombank - Head Office
|
| 2 |
Mirae Asset Securities (Vietnam) Limited Liability Company
|
MAS | 0681000001447 | |
| 3 |
BIDV Securities Company
|
BSC | 1013184321 | |
| 4 |
KIS Vietnam Securities Corporation
|
KIS | 1014427787 | |
|
5 |
Viet Capital Securities Corporation |
VIETCAP |
1013184186 | |
| 6 | Ho Chi Minh Securities Corporation | HSC | 1022706858 |
SSIAM VN30 ETF
|
|
AUTHORIZED PARTICIPANTS AND DISTRIBUTOR |
ABBREVIATIONS | ACCOUNT NUMBER | BENEFICIARY NAME AND BENEFICIARY BANK |
|---|---|---|---|---|
| 1 |
SSI Securities Corporation
|
SSI | 1020000006 |
Beneficiary name: SSIAM VN30 ETF
Beneficiary bank: Vietcombank - Head Office
|
| 2 |
Mirae Asset Securities (Vietnam) Limited Liability Company
|
MAS | 1020000004 | |
| 3 |
BIDV Securities Company
|
BSC | 1020000005 | |
|
4
|
KIS Vietnam Securities Corporation | KIS | 1020000007 | |
|
5
|
Viet Capital Securities Corporation | VIETCAP | 1020000008 | |
| 6 |
Bao Viet Securities Corporation
|
BVSC | 1020000011 |
SSIAM VNX50 ETF
|
|
AUTHORIZED PARTICIPANTS AND DISTRIBUTOR |
ABBREVIATIONS | ACCOUNT NUMBER | BENEFICIARY NAME AND BENEFICIARY BANK |
|---|---|---|---|---|
| 1 |
SSI Securities Corporation
|
SSI | 1223358885 |
Beneficiary name: SSIAM VNX50 ETF
Beneficiary bank: BIDV- Ha Thanh Branch
|
| 2 |
Vietcombank Securities Limited Company
|
VCBS | 8620006143 | |
| 3 |
Baoviet Securities Company
|
BVSC | 8650006144 | |
| 4 |
Mirae Asset Securities (Vietnam) Limited Liability Company
|
MAS | 1221803422 | |
|
5 |
VNDIRECT Securities Corporation |
VNDS |
8670006145 | |
|
6 |
Viet Capital Securities Corporation |
Vietcap |
1222420259 | |
| 7 | KIS Vietnam Securities Corporation | KIS | 8620020044 |
2. REDEMPTION ORDER
-
Fill out the trading order information in the forms below and submit it to the Authorized Participants before 2:40 p.m.
-
The document confirming the balance and confirming the blockade of the Depository Member where the Investor opens the depository account, which confirms that the investor has sufficient balance of the Component Securities used to perform the exchange trading and the amount of Component Securities used to perform this exchange trading transaction has been blocked by the Depository Member from the exchange trading date to the end of the settlement date.
-
Transaction confirmation will be sent to investors within two (02) working days from the transaction date.
-
The component securities portfolio will be transferred to the investor's securities account at the Authorized Participants within 01 working day from the exchange transaction date.
-
The cash difference (if any) will be transferred to the Investor's bank account according to the information registered on the Exchange Transaction Order Form within 03 working days from the exchange transaction date.
|
Trading
|
Requirements
|
|---|---|
|
Creation Unit
|
1 creation unit (equivalent to 100,000 fund units)
|
| Minimum account balance requirement for Authorized Participant
|
1 creation unit
|
B. SECONDARY TRADING
-
SSIAM VNX50 ETF, SSIAM VNFIN LEAD ETF, and SSIAM VN30 ETF Certificates are listed on the HSX with the tickers: FUESSV50, FUESSVFL, FUESSV30. Investors can trade listed ETF certificates on the Ho Chi Minh Stock Exchange (HOSE).
-
Investors/ Authorized Participants can place trading orders using their securities trading account at the securities company. Trading and settlement shall be done per the regulations of securities trading issued by the HOSE and the Vietnam Securities Depository and Clearing Corporation (VSD).
-
The trading unit are regulated by the HOSE where the ETF certificates are listed.
C. TAXES APPLIED FOR FOREIGN INVESTORS
|
Investors
|
Tax on Investor arising from
|
||
|---|---|---|---|
|
|
Dividend payment
|
Redemption Fund Unit
|
Gift/Inheritance
|
|
Residential individuals
|
5%
|
0.1% of transaction value (1)
|
10% of securities value higher than VND 10 million
|
|
Non-residential individuals
|
5% (1)(2)
|
0.1% of transaction value (1)
|
10% of securities value higher than VND 10 million
|
|
Foreign Institutions
|
- Exempt if distributed dividends are after tax-profit
- 22% from 1/1/2014 and 20% from 1/1/2016 if tax-profit has not been deducted (1)
|
0.1% of transaction value (1)
|
0.1% of transaction value (1)(3)
|
(1) Tax withheld at source.
(2) An individual is not required to pay personal income tax when receiving dividends of stocks/fund units but shall pay the income tax for capital investment and securities transfer when transferring these stocks (Point d, Clause 2, Article 11 Circular 111).
(3) There is no specific regulation on taxation of foreign institutional investors receiving gift/inheritance in the form of securities. However, giving gift/inheritance shall result in the transaction of a securities transfer. Under Decision 218, tax rate of 0.1% of the securities transfer value shall be applied. Accordingly, Investors may have to pay for the tax rate of 0.1% transaction values when receiving gift/inheritance.
Admin
Published:
25/07/2024
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