Trading time

Periodical order matching (ATO)

08:45 – 09:00 

Continuous order matching

09:00 – 11:30

Continuous order matching

13:00 – 14:30

Periodical order matching method (ATC)

14:30 – 14:45

Put-through

08:45 – 14:45

Applicable orders

ATO, LO, MP, ATC

Underlying asset

Stock

Issuer

Securities company

Type of warrant

Call

Trade size

10 CW

Tick size

A multiplier of 10 VND

Ceiling/floor price definitions

The ceiling/floor price of a warrant in its first trading day and ordinary trading days is based on its underlying stock and determined as follows:

- Ceiling price = Reference price of the warrant + (ceiling price of the underlying stock - Reference price of the underlying stock) * 1/Conversion ratio

- Floor price = Reference price of the warrant - (Reference price of the underlying stock - Floor price of the underlying stock) * 1/Conversion ratio

- In case the floor price of the warrant is less than or equal to zero (0), the floor price will be the smallest price unit of 10 VND.

Reference price of the first trade date

The reference price of the first trading day of a CW based on a listed underlying stock is determined as follows:

- Reference price of the warrant = Issue price of the warrant * (Reference price of the underlying stock on the first trade date of the warrant/Reference price of the underlying stock at the date of notifying the warrant issue) * (Conversion ratio on the date of warrant issue/ Conversion ratio on the first trade date)

Trading mode

Order matching and put-through

(No put-through deal is permitted on the first trade date)

Order cancellation

- Applied to untraded orders or the remainder of partially traded orders

- Not allowed in the periodical order matching session or call auction

Final trading date

The final trading date is two days prior to the maturity date of the warrant. In case of the warrant being delisted (mature warrants are not counted), the final trading date is the trading day immediately preceding the effective date of delisting.

Maturity date

The last day on which the warrant holder can exercise his/her rights entitled to his/her warrant.

Settlement price

The price is determined and announced by the Hochiminh Stock Exchange on the expiry date of the warrant. For the warrant based on the underlying stock and executed in a European style, the settlement price is the average of the closing prices of the underlying stock in five consecutive trading days prior to the maturity date, exclusive of the maturity date.

Payment mode

In cash. Accordingly, the warrant holder will receive the differential amount of money when the settlement price of the underlying stock is higher than the strike price.

Personal income tax

There are two ways to calculate personal income tax (PIT) on CW:

- Where the investor sells the CW through the exchange, PIT will be calculated as follows: CW price*quantity of CW*0.1%

- Where the investor holds the CW till the expiry date and CW is profitable (the strike price is greater than the settlement price), PIT will be calculated as follows:

Settlement price of underlying stock *(quantity of CW/conversion ratio)*0.1%

Other regulations

- The securities company cannot allow investors to borrow on margin to trade CWs.

- The issuer of an underlying stock cannot invest or trade CWs based on its stock.

- Foreign investors are not subject to any restriction on CW ownership.

- Public funds can invest in CWS for hedging purposes only.