Client Guideline

Trading hours are from Monday to Friday, excluding the Public holidays.

1.1.  Stocks, closed-end fund certificates, ETF certificates, and covered warrants

Note: During the intermission session, the following actions are not allowed:

• Taking, amending, or canceling orders.
• Taking or canceling advertised put-through transactions.
• Executing put-through transactions or canceling awaiting put-through transactions.

1.2.  Restricted Stocks (PCA)

Note: 

• Restricted stocks can only be traded in lot sizes through the periodic order matching method, including the opening periodic matching session, the subsequent periodic sessions (each lasting 15 minutes), and the closing periodic matching session.
• During the opening and closing periodic matching sessions, investors are not permitted to amend or cancel orders. In periodic matching sessions 1 through 15, order amendments and cancellations are prohibited during the final 5 minutes of each session.

Expiration of Covered Warrants

• If investors hold covered warrants until expiration, they will be automatically settled if they are in-the-money.
• Last trading day: as announced by the issuer (T)
• Last registration date / Covered warrant expiration date: T+2 after the last trading day
• Settlement date: T+7
• Payment amount per covered warrant = (Covered warrant settlement price – Covered warrant exercise price) / (Conversion ratio)
• Settlement price (for covered warrants with underlying assets being stocks): the average closing price of the underlying stock over the 5 trading days before the expiration date, excluding the expiration date
• Payment method: Cash
• Method: Direct allocation to the securities account

Example: Calculation of Settlement Price and Payment Amount

• Covered warrant exercise price: 20.000 VNĐ
• Last trading day of the covered warrant: 10/12/2019
• Covered warrant expiration date: 12/12/2019
• Covered warrant settlement price calculation dates: 05/12, 06/12, 09/12, 10/12, 11/12

• Closing prices of the underlying security on these dates:

  Date	Closing price of the underlying security
  05/12	20.500
  06/12	21.000
  09/12	21.800
  10/12	21.400
  11/12	21.200
  5-day average price	21.180