VBMA officially announced the master agreement for repo transaction mini-GMRA and held the MoU signing ceremony at the VBMA Annual Meeting 2018
17/06/2021
At the meeting, VBMA officially announced the master agreement for repo transaction in Vietnam market. The master agreement of VBMA is drafted with the support of the Asian Development Bank (ADB) and is basically based on a very popular international master repo agreement which is announced by the International Capital Market Association (ICMA) in 2011 (2011 Global Master Repurchase Agreement, "GMRA"). Unlike GMRA, which is used for international repos, repurchases of VBMA MRA applies for repos of domestic debt instruments between credit institutions and other financial institutions in Vietnam. Therefore, the VBMA MRA form is prepared with the criteria when applicable, in accordance with the provisions of Vietnamese law and domestic market practices.
At the Conference, 18 members of VBMA include: int Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Vietnam Bank for Agriculture and Rural Development (Agribank), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Hochiminh City Development Joint Stock Commercial Bank (HDBank), Vietnam Maritime Joint Stock Commercial Bank (MSB), Baoviet Securities Company (BVSC), Saigon Joint Stock Commercial Bank (SCB), Tienphong Commercial Joint Stock Bank (TPBank), Vietnam Prosperity Joint Stock Commercial bank (VPBank), Orient Commercial Joint Stock Bank (OCB), Vietnam Thuong Tin Joint Stock Commercial Bank (VietBank), Nam A Joint Stock Commercial Bank (Nam Á Bank), Saigon Commercial Joint Stock Bank (Sacombank), Military Joint-Stock Commercial Bank (MB Bank), Lienviet Post Joint-stock Commercial Bank (LienVietPostBank), Southeast Asia Commercial Joint Stock Bank and Saigon – Hanoi Commercial Joint Stock Bank (SHB) singed an Memorandum of Understanding of using the mini GMRA