The stock market has many attractive new financial products and instruments, offering profitable, safe opportunities with low risk. Based on a stock index, futures contracts are established, attracting many investors. So what is the VN30 index futures contract? Let's follow the article below of PHS to learn more about this VN30 index futures contract.
What is VN30 index futures contract?
What is VN30 index futures contract?
VN30 index futures contract represents 30 potential stocks, leading the market with large capitalization value and high liquidity. The first derivative securities product in Vietnam market, officially listed on HOSE. VN30 index futures contracts are adjusted by the ratio of freely transferable shares.
| # | Characteristic | VN30 stock index futures contract |
| 1 | Contract Name | VN30 index futures contract |
| 2 | Contract Code | VN30FYYMM |
| 3 | Base assets | Index Vn30 |
| 4 | Contract size | VND 100,000 x base stat points |
| 5 | Multiplier | 100,000 VND |
| 6 | Maturity month | Current month, next month, last two months next 2 quarters |
| 7 | Transaction time | ATO session: 8.45' - 9.00' Morning session: 9:00 am - 11:30 am Continuous session in the afternoon: 13h00' - 14h30' ATC session: 14h30' - 14h45' |
| 8 | Price range | +/- 7% |
| 9 | Price step | 0.1 index points (equivalent to 10,000 VND) |
| 10 | Trading unit | 01 Contract |
| 11 | Minimum trading volume | 01 Contract |
| 12 | Last Trading Day | Third Thursday of the maturity month |
| 13 | Last payment date | The working day immediately after the last trading day |
| 14 | Payment methods | Cash payment |
| 15 | Method of determining the final settlement price | Closing value of the underlying index on the last trading day of the Futures Contract. |
| 16 | Reference prices | The settlement price at the end of the day of the previous trading day or the theoretical price (within the first trading day) |
Advantages and disadvantages of VN30 index futures contract
The VN30 index futures contract was selected by the Hanoi Stock Exchange (HNX) as the first product of the country's first derivatives market. The VN30 index futures product will have advantages and limitations that need to be clarified.
Advantages
- Investors will be able to trade T0. That is, players can make buy or sell trades with the same trading volume as buying or selling shares during the day. Different from other types of stocks, it takes up to 3 days for the new securities to be returned to the account.
- VN30 futures contract will represent 30 types of large stocks, and have a high profit opportunity. Investors will have to manage and also how to effectively reduce the risk of price fluctuations. Timely solutions help limit losses when the stock's price is showing signs of a downward trend.
- Opportunity to profit from speculation on the selling price difference of stocks on the market. Investors can get a profit from the price difference without having to pay any cost.
- Trading VN30 index futures contracts will not incur any Margin fees. According to the regulations, investors will only lose a small amount of money at the beginning to open a trading position, later operations will not have to pay a margin fee anymore.
- High Leverage Tools: Investors will trade in futures contracts and can get a return with a small initial margin cost, with almost no investment required. financial side. Create a lot of advantages in terms of capital for investors.
Limit
- VN30 index futures contract still has risks, when investors incorrectly predict price movements, leading to losses. At the same time, under the influence of the leveraged instrument, the loss will be much higher.
- Futures contracts have fluctuations up and down, suitable for traders to surf. The long-term investment in VN30 index futures contract does not bring much efficiency and profit.
List of vn30 index futures contracts effective from 2022
Below is a list of VN30 index futures contracts that have come into effect in 2022.
| # | Product | Derivative stock code | ISIN code | First trading day | Last trading day | Last payment date |
| 1 | VN30 index futures contract in February 2022 | VN30F2202 | VNVN30F22029 | December 17, 2021 | February 17, 2022 | February 18, 2022 |
| 2 | VN30 index futures contract in March 2022 | VN30F2203 | VNVN30F22037 | July 16, 2021 | March 17, 2022 | March 18, 2022 |
| 3 | VN30 index futures contract in June 2022 | VN30F2206 | VNVN30F22060 | October 22, 2021 | June 16, 2022 | June 17, 2022 |
| 4 | VN30 index futures contract in September 2022 | VN30F2209 | VNVN30F22094 | January 21, 2022 | September 15, 2022 | September 16, 2022 |
Conclusion
Above are the sharing of PHS about the concept of VN30 index futures contract, the characteristics as well as the advantages and disadvantages of this type of contract. Hopefully through the above article, investors can understand the basic knowledge, thereby making effective investment plans for themselves. If you want to invest in the stock market, open an account at PHS, we believe that with more than 16 years of experience in the financial and securities industry, PHS will be a reliable companion. with investors.
