SeABank became VBMA Market Maker after entering Repo Market Maker Agreement

17/06/2021

On February 8th, 2021, SeABank officially became a market maker of VBMA when joining the Market Maker Agreement for repo transactions. This agreement has been implemented since June 1st, 2020. Until now, the MMA for repo transactions has had 11 market makers, including: Orient Commercial Joint Stock Bank, Ho Chi Minh City Development Joint Stock Commercial Bank, Tien Phong Commercial Joint Stock Bank, Bank Vietnam Maritime Joint Stock Commercial Bank, Joint Stock Commercial Bank for Investment and Development of Vietnam, Vietnam Technological and Commercial Joint Stock Bank, Military Commercial Joint Stock Bank, Joint Stock Commercial Bank for Foreign Trade of Vietnam, Vietnam Prosperity Joint Stock Commercial Bank, Saigon Joint Stock Commercial Bank, Southeast Asia Commercial Joint Stock Bank. The implementation of this agreement initially provides a reliable short-term benchmark rate curve for market's members while boosting liquidity for the Repo market. Because of the reality of the LIBOR conversion in the world, the introduction of this curve is very essential and constructing to create replacement fixing lines for the IBOR curve.