Decision No. 1369/QD-BCT 2020 addition some goods subject to the conditional business on the Mercantile Exchange

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ATTRIBUTE

Decision No. 1369/QD-BCT dated May 22, 2020 of the Ministry of Industry and Trade regarding the addition of a number of goods subject to the conditional business to be listed on the Mercantile Exchange
Issuing body: Ministry of Industry and TradeEffective date:
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Official number:1369/QD-BCTSigner:Do Thang Hai
Type:DecisionExpiry date:Updating
Issuing date:22/05/2020Effect status:
Known

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Fields:Commerce - Advertising

SUMMARY

To add many conditional business items to pilot listing for transaction

On May 22, 2020, the Ministry of Industry and Trade issues the Decision No. 1369/QD-BCT regarding the addition of a number of goods subject to the conditional business to be listed on the Mercantile Exchange.

Accordingly, the Ministry of Industry and Trade allows the Mercantile Exchange of Vietnam (hereinafter referred to as MXV) to experimentally list transactions of a number of goods belonging to the conditional business group (energy and rice commodities) on the Mercantile Exchange for 01 year.

To be specific, the pilot commodities including: Crude oil (Brent Crude Oil ICE EU, Mini Brent Crude Oil ICE Singapore, WTI Crude Oil NYMEX, etc.); Petroleum products (RBOB Gasoline NYMEX, Low Sulphur Gasoil ICE EU, Heating Oil ICE EU, etc.); Gas (Natural Gas NYMEX, Mini Natural Gas NYMEX, etc.); Rice (Rough Rice CBOT, Vietnamese long grain white rice 5% broken, Vietnamese long grain white rice 10% broken and Vietnamese long grain white rice 15% broken, etc.)

Contracts for trading of energy and rice commodities must be settled before the due date. It is not allowed to deliver material goods. MXV shall send report to the email address of the Domestic Markets Department on a daily basis, from 6:00 to 9:00 (after the trading time is over and the trading system finishes processing the session data).

This Decision takes effect on the signing date.

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Effect status: Known

THE MINISTRY OF INDUSTRY AND TRADE
---------------

No. 1369/QD-BCT

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
----------------------

Hanoi, May 22, 2020

 

 

DECISION

Regarding the addition of a number of goods subject to the conditional business to be listed on the Mercantile Exchange

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Pursuant to the Government’s Decree No. 98/2017/ND-CP dated August 18, 2017 on functions, tasks, powers and organizational structure of the Ministry of Industry and Trade;

Pursuant to the Government’s Decree No. 158/2006/ND-CP dated December 28, 2006, on detailing the implementation of the Commercial Law regarding goods purchase and sale through the Mercantile Exchange;

Pursuant to the Government’s Decree No. 51/2018/ND-CP dated April 09, 2018 on amending and supplementing a number of articles of the Government’s Decree No. 158/2006/ND-CP dated December 28, 2006, on detailing implementation of the Commercial Law regarding goods purchase and sale through the Mercantile Exchange;

Pursuant to the Written Request dated September 23, 2019 of the Mercantile Exchange of Vietnam on supplementing the List of goods subject to the conditional business group, listed on the Mercantile Exchange;

At the proposal of the Director of the Domestic Markets Department,

 

DECIDES:

 

Article 1. To allow the Mercantile Exchange of Vietnam (hereinafter referred to as MXV) to experimentally list transactions of a number of goods belonging to the conditional business group (energy and rice commodities) on the Mercantile Exchange (the list of goods specified the Appendix attached herewith).

Article 2. Contracts for trading of energy and rice commodities must be settled before the due date. It is not allowed to deliver material goods.

Article 3. The pilot duration shall be 01 year (one year).

Article 4. MXV’s responsibilities in sending report on trading goods belonging to the conditional business group shall be prescribed as follows:

1. MXV shall send report to the email address of the Domestic Markets Department ([email protected]), enclosed with transaction documents.

2. Data format: Excel file.

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