After non-prefunding, VCI reported a foreign investor bought FPT shares without payment.

Aegon Custody BV placed an order to buy 26,600 FPT shares on December 17, 2024, but did not execute the share buyback.

After non-prefunding, VCI reported a foreign investor bought FPT shares without payment.

Aegon Custody BV placed an order to buy 26,600 FPT shares on December 17, 2024, but did not execute the share buyback.

Vietcap Securities Corporation (VCI) has just reported to the State Securities Commission on the payment of stock purchase transactions that do not require sufficient funds when placing orders by foreign institutional investors.  

Accordingly, the foreign investor that did not buy back shares was Aegon Custody BV (Netherlands). This investor placed an order to buy 26,600 FPT shares on December 17, 2024.

The above shares were matched with a value of more than 3.9 billion VND. This amount was paid by VCI.  

Transaction details reported by VCI.

This incident occurred after Circular 68/2024/TT-BTC officially took effect from November 2, 2024. This Circular stipulates that foreign institutional investors can trade to buy shares without requiring sufficient funds (non-Pre-funding).  

This regulation is considered a step forward to untie foreign capital flows, attracting more foreign investors to invest in the Vietnamese stock market. However, on the one hand, securities companies will have to bear the shortfall if investors do not pay.  

According to the regulations on clearing and settlement of transactions issued by VSDC, in case a foreign investor is an organization lacking payment funds, no later than 09:30 on T+2, the securities company (for investors opening a depository account at a securities company), the depository bank (for investors opening a depository account at a depository bank) shall send VSDC a written notice requesting/refusing payment and transferring the transaction lacking funds to the securities company's proprietary account where the investor places the order for clearing and payment.

VCI's case is the first case reported to the State Securities Commission about foreign investors not paying for orders after Circular 68 took effect.

For securities companies, in the event that foreign investors do not have enough money to meet payment obligations, the temporary handling regulations after transferring to the proprietary trading portfolio are negotiated transactions or mortgaged sales to recover.  

Source: https://baodautu.vn/hau-non-prefunding-vci-bao-cao-mot-nha-dau-tu-ngoai-mua-co-phieu-fpt-khong-thanh-toan-d233997.html