Investors must have a bond account and bank account in order to trade in the secondary market. The bank account shall be opened with the correspondent bank and the bond account shall be opened with the member (Securities companies).
Bond Quotation Board is a website created by LSX to facilitate investors who need to display their trading information and negotiate with the trading partner.
Currently, LSX allowed an only member to access this quotation board. In case an investor needs to display his/her tradable information, he/she shall contact members in order to input information on the quotation board. Member may display the information of tradable bond as the following on quotation board as follow:
The investor shall entrust their order to member. When the member receives an entrustment of order from its customers, the member shall collect the good faith deposit in cash (100%) for buying and securities (100%) for selling.
Member shall input quotation information into the bond system by specifying each of the following details:
AI = | Coupon payment | x | Days of Holding Bond Since Last Coupon Payment |
---|---|---|---|
Days Separating Coupon Payment |
AI = (1,000,000 x 10%/2) x (37/181) = 10,220 Kip/unit
Data and information on the LSX website are provided for the purpose of improving availability of information for investment, not for trading securities. In spite of the efforts made in ensuring the accuracy of data and information, the LSX recognizes that unintentional and chance errors and delays occur. The LSX is not responsible for any loss resulted from the investments made using the data and information provided on its website.