Content | Spot market | Derivatives market |
Basic features | Spot delivery | Delivery in the future |
Listing/cancel listing method | According to the request Issuers and meet SSC/exchanges regulations | Automatic based on Exchanges’ regulation |
Get trading results from Exchanges | Send 1 time after the end of trading day | Send each transaction in real time immediately after the transaction is matched |
Swap position | N/a | Immediately after receiving transaction results |
Offset position | N/a | Automatic for regular accounts, as required for blended accounts |
Settlement of payment obligations | Effective in the morning T + 1 for bonds; Morning T + 2 for stocks and fund certificates | Effective on the afternoon of the T day for position profit/loss position payments, maturity payment in cash; T +3’s morning for maturity payment of material transfer of bond's FC |
Payment | T+1 for bonds; T+2’s afternoon for stocks, fund certificates | T+1 morning for position profit/loss position payment; T+3 for material transfer payments |
Deposit | 100% money, 100% of the sold stock | According to the initial deposit level determined by the CM, which guarantee is not lower than the required amount of VSD and the maintenance deposit value calculated by VSD for each account. |