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Shorter transaction settlement period to begin in June

Update: April, 28/2012 - 08:54

HA NOI — The State Securities Commission will shorten the stock market transaction settlement period from four days (T+4) to three (T+3), beginning in June, if all brokerages have sufficient funds to settle payments prior to 4 pm of the T+2 date and the depository centre can ensure a smooth clearance system. The Viet Nam Securities Depository also plans to issue a regulation which strengthens sanctions against brokerages which violate settlement regulations.-VNS

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