Frequently Asked Questions (FAQ)

• Additional margin notification will be sent to the Client via SMS to the Client’s REGISTERED mobile phone number at ACBS and the Client’s Email.

• ACBS fee is 3,000 VND/contract
• Types of fees paid to Vietnam Securities Depository and Clearing Corporation (VSDC) and HNX Stock Exchange:
  • Derivative transaction fee (paid to HNX): 2,700 VND/transaction/contract.
  • Position management fee (paid to VSDC): 2,550 VND/position/account/day.
  • Margin management fee (paid to VSDC): 0.0024% of the cumulative value of the margin balance; minimum 100,000 VND/account/month; maximum 1,600,000 VND/account/month.

• Customers come directly to the transaction counters at ACBS: Customers can refer to ACBS’s network of operations at http://acbs.com.vn/dia-chi
• In case customers need support in opening an account, customers can contact ACBS (via Call Center 1900.55.55.33, Livechat, Email: acbs@acbs.com.vn). ACBS Brokerage staff will contact and support customers.

Yes. For example, you have 20 million in your Margin Account, you lose 2 million. At the end of the day, the maximum amount you are allowed to withdraw is 18 million. Thus, VSDC still charges a management fee for the margin assets over 2 million that cannot be withdrawn.

To open a Derivatives account, the Client needs to have an Underlying Securities account at ACBS. Therefore, to open a Derivatives account at ACBS for the Client, ACBS will simultaneously open an Underlying Securities account and a Derivatives account for the Client.

Đối với Khách hàng chưa có tài khoản Chứng khoán cơ sở tại ACBS, Khách hàng cần thực hiện mở tài khoản Chứng khoán cơ sở tại ACBS trước, đồng thời sau đó Khách hàng tiếp tục thực hiện mở tài khoản Phái sinh

• Domestic individual customers: need to present valid original ID card/Citizen ID card.
• Domestic corporate customers: need to present:
• Business registration certificate, Operating license, Establishment decision or other equivalent documents.
• Identity card or Passport of the Legal Representative.
• Identity card or Passport of the Authorized Person (if any) and Power of Attorney

Individuals who are not allowed to open a Derivatives account at ACBS include:

• Individuals under 18 years of age;
• Individuals who do not have full civil capacity; are serving a prison sentence or are prohibited by the court from doing business;
• Directors/General Directors, Deputy Directors/Deputy General Directors, Department Heads, and employees of other Trading Members.

In order to open a buy/sell position in a futures contract, clients need to deposit an amount of money (or securities) before trading. This amount of money (securities) is called Initial Margin (IM) and is considered as a deposit to cover possible losses on the contract position held during a trading day.

Currently, clients can only deposit in cash.

The Client must deposit before making a transaction. After depositing money into the Derivatives account at ACBS, the Client must continue to transfer the deposit to VSD.

• No, the Client only needs to deposit n% of the transaction contract value (n% depends on ACBS’s regulations from time to time)

  Suppose, ACBS stipulates the following management parameters:

  Initial margin ratio: 17%

  Warning level 1: 70%

  Minimum retention ratio at ACBS: 5%

  The Client needs to open a buy position of 1 VN30Fxxxx contract at price 950 (equivalent to the transaction contract value of 95,000,000 VND)

  -> The initial margin required is: 95,000,000*13%=12,350,000 VND

  -> Customers can only buy up to Warning Level 1 and the minimum retention ratio at ACBS is 5%, so the amount to be deposited into the Derivatives account at ACBS is (12,350,000 / 70%)*(1 +5%) = 18,525,000 VND, equivalent to 19.5% of the transaction contract value. In which, Customers need to deposit to VSD before making a transaction with the amount of 12,350,000 / 70% = 17,642,857 VND