| Questions and Answers on Commodity Transactions (No. 59): Selling collateral in commodity transactions Q&A on Commodity Transactions (No. 61): Handling member violations |
In the previous issue, the Industry and Trade Newspaper mentioned the principles of handling membership violations at the Vietnam Commodity Exchange (MXV), some forms of handling membership violations being applied at MXV include: reminder Written warnings, warnings, partial/entire suspension of operations, termination of membership, etc. Continuing with today's Q&A, Industry and Trade Newspaper will delve deeper into clarifying the forms of handling this violation.
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Handle violations in the form of written reminders
Violations will be handled in the form of written warnings when members violate the following regulations:
Written reminders for cases of failure to fully and promptly fulfill financial obligations as required by MXV, including but not limited to the following obligations:
Pay the following fees: Annual fee; Database usage fees; Data sharing fees;
Submit a Deposit to secure Membership;
Submit payment risk allowance; Loan payment risk support amount; Interest arising from the loan;
Violation of regulations on time to check and compare fees with MXV.
Handle violations in the form of Warnings
Violations will be handled in the form of warnings when members violate the following regulations:
1. Late payment of Annual Fee more than 03 working days from the due date of fee payment.
2. Late payment of Database usage fee more than 03 working days from the due date of fee payment.
3. Late payment of data sharing fee more than 03 working days from the fee payment due date.
4. Late payment of Deposit to ensure membership more than 03 working days from the due date according to MXV's regulations.
5. Late payment of payment risk support; loan payment risk allowance; Interest arising from the loan amount is issued more than 03 days from the due date of payment according to regulations of MXV.
6. Violation of regulations on time to check and compare fees with MXV exceeding 03 working days from the due date of checking and comparing fees.
7. Failure to fully and promptly perform other financial obligations as requested by MXV more than 03 working days from the expiration date of financial obligations according to MXV's regulations.
8. Members have been handled with a warning once (for violations that have been handled with a reminder) but continue to violate in the same calendar year.
