Association. Bond Trading Techniques Training. Overview. A 2-day Training Course. Date: May 08 09, Secure your place!

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1 Vietnam Bond Market Association Bond Trading Techniques Training Overview With government efforts in restructuring the economy, State Bank of Vietnam and Ministry of Finance are giving more supports and measure to promote and develop both government bond market and corporate bond market. In the first quarter of this year and in the current situation of banking sector, government bond and bills are being welcome and bond market become more active with more potential and interest from local and foreign investors. Understanding the local bond market practice with its complexity and sophistication, having investors equipped with basis knowledge on bond, our twoday intensive program is designed to update investors and market participants on practical activities and trading of bond/bills in Vietnam. This is our intensive training course offered by the Vietnam Bond Market Association with leading local bond experts who have years of market experience in Vietnam. A 2-day Training Course. Date: May 08 09, 2014 Who Should Attend Bond traders Treasurer Fixed Income Managers Investment Managers Secure your place! Register before May 03, 2014 CFO Finance Controllers Risk Managers Anyone seeking for the knowledge Of Fixed Income Securities

2 Course Summary The course will provide investor delegates with a thorough understanding of Bond Fundamentals: NPV, yield curves, spot & forward interest rates. Bond Cash Flows and Pricing: coupon bond, zero coupon bond, floating rate bond. Bond Accounting & Settlement. Bond Interest Rate Risk. Hedging tool for bond portfolio: Interest Swap, Currency Swap, Basis Swap. Investor Protection: Debt ranking, Event of Default, Acceleration, Cross default, Covenants, etc. Borrowers and Investors: Basel 2 - Tier 2 FRN structures/bonds. Local Bond Market today: Venue: Sheraton Sai Gon Registration starts at 08:00, May 08, Program runs from 08:30 to 17:00 daily. Development, participants, pricing, and documentation. Bond Trading Simulation. Case Studies and live exercises. Agenda* Day 1 Day 2 May 08, 2014 May 09, 2014 Interest Rate Basis Repo concept, classic repo Interest rate risk hedging: Time Value of Money Repo in the market FRA, IRS, Asset swap, coupon swap Credit risk hedging: CSD Interest rate risk PV01 Buy/Sell Back FX risk hedging: CCS Yield Curve Margin and Haircut Bond investor protection: Spot interest rate Repo pricing Event of Default, Acceleration, or Cross Default. Forward interest rate Repo Docs Financial and non-financial covenants Discount Factor - Test - Bootstrapping Bond Accounting - Test - Bond Settlement & Basic Legal Issues in trading Bond Operations How to use BBG terminal Fixed Income Securities Bond classification Bond pricing Bond trading simulation Price behavior Yield and Spread Question and Answer on VN bond market Forward pricing of bond DV01 and portfolio risk management - Test - *VBMA reserves the right to make a minor change on some contents without prior notice

3 Biography Pham Van Son - DIRECTOR, HEAD OF GLOBAL FINANCE AND FOREIGN EXCHANGE, DEUTSCHE BANK AG HCMC BRANCH. Son has been working for Deutsche Bank AG HCMC Branch since He has been in various positions of MM/FX trader, Fixed Income trader and Treasury manager. From 2004, he has been leading the Debt team in Global Market of Deutsche Bank AG HCMC, focusing to fixed income, Foreign Exchange and liquidity risk management. From 2008, Son has been promoted as Director, Head of Global Finance and Foreign Exchange. His effort and contribution over the last few years has made Deutsche Bank become one of the biggest foreign banks in trading of bond/repo and foreign exchange in Vietnam. Before joining Deutsche bank, Son worked for Natexis Banque BFCE, Hochiminh City branch for three years in Import-Export department. Son is one of the key members of the Vietnam Bond Forum (VNBF) from 2007 and currently VBMA, responsible for forming the compromised version of the repo agreement within the Forum for the local market He has MBA Degree from Maastricht School of Management and the Bachelor Degree of the Banking University of Vietnam. Pham Hong Hai MANAGING DIRECTOR, HEAD OF GLOBAL MARKETS, HSBC VIETNAM Pham Hong Hai is currently the Head of Global Markets for HSBC in Vietnam. He leads the Global Markets team which contributes more than 40 per cent of the Bank s profits. Hai took over the role of Head of Global Markets in His primary responsibilities include managing foreign exchange and interest rate risks profitably, managing balance sheet, managing funding and liquidity, developing derivative business and sales/marketing activities. Under Hai's leadership, Global Markets of HSBC in Vietnam has become the leading Global Markets house in Vietnam in term of profitability, product range and awards. The team has done several pioneer transactions in Vietnam such as 1st USD/VND cross currency swap, 1st VND interbank interest rate swap, 1st Tier 2 bank bond. Several awards have been given to Global Markets Vietnam namely Best Domestic Currency Bond deal by Finance Asia in 2006, Best Foreign Exchange Bank for two consecutive years in 2006 and 2007 by Asiamoney. Prior to his role in Treasury department in 1997 to set up and develop Treasury business, Hai started his career with HSBC in Viet Nam in the Financial Control department in 1995 for two years. Hai has been working in the Treasury department for over 11 years in different roles from dealer to senior dealer to Assistant Treasury Manager. Hai holds a Bachelor of Science in Business Administration of the University of Economics Ho Chi Minh City, and a Diploma in Financial Services Management from the Institute of Financial Services, UK.

4 Mr. Nguyen Hoang Anh is currently a partner with Mayer Brown's Hanoi practice. He has been a practicing lawyer for 16 years and a graduate of Hanoi University with a degree in commercial law. He heads up the Firm s Vietnam banking and finance practice with a focus on derivatives and structured finance transactions. Hoang Anh has worked on the majority of domestic bond offerings since 2006 as legal counsel to the Arranger and therefore has been instrumental in introducing market practices concerning documentation, regulatory interpretation and legal execution. Hoang Anh is also legal counsel to the VBMA and he has delivered a variety of training courses for VBMA and its corporate members in respect of capital market transactions, derivatives products and other relevant legal topics. Hoang Anh is a Vietnamese national resident in Hanoi. Mr. Nguyen Hoang Son - DIRECTOR, TRADING HEAD, MARKETS OF CITIBANK VIETNAM. Since July 2008, Mr.Son has been the Director, Trading Head, Markets of Citibank Vietnam. He is responsible not only for market making in Foreign Exchange, Government Bonds, and promoting interest rate derivatives in the local market but also for maintaining and developing regulatory relationships at appropriate levels. Prior to joining Citibank Vietnam, from 2000 to 2008, Mr.Son was the Vice President, Foreign Exchange Trading, STIRT, Deutsche bank HCMC, Vietnam where he was responsible for managing the bank s FX desk, dealing in Money Market, Repo, Open Market Operation, Bond Trading, Nostro Management, MCO, Transfer Pricing and Balance Sheet Management. Mr.Son has been a CFA chartered holder since September He also holds an MBA degree from Monash Mt Eliza Business School, Melbourne Australia where he got full scholarship sponsored by Australian Government in In 1995, Mr.Son graduated with honor from the Economics University, Hochiminh City, Vietnam. Mr. Ngo Dang Khoa SENIOR RATE TRADER - HSBC VIETNAM Ngo Dang Khoa is currently Senior Rate Trader for HSBC in Vietnam. He and his Global Markets team which contributes more than 40 per cent of the Bank s profits. Khoa has been working in Treasury department for more than 6 years in different roles from dealer to senior dealer. Khoa holds a bachelor of a Bachelor of Science in Finance of the University of Economics Ho Chi Minh City and a MBA degree from Suffolk University Business School, Boston, USA.

5 A 2-day Training Course. Date: May VBMA would like to invite you to join the Bonds and Fixed Income Training Course. Language: The seminar is conducted in Vietnamese Venue: Sheraton Hotel 88 Dong Khoi Str., District 1 Ho Chi Minh City, Vietnam Registration starts at 08:00, May 08, 2014 Program runs from 08:30 to 17:00 daily ABOUT US VBMA - The Vietnam Bond Market Association presents the shared interest of more than 60 financial institutions including banks, securities firms, funds, insurance companies, and law firms through out Viet Nam. VBMA s mission is to champion policies and practices that benefit its members; to be a high-standard debt market professional community in Vietnam, a market modernization champion and driver, a collective market information source, a policy dialogue interlocutor for policymakers and regulators. Very useful, practical, giving a real picture of bond trading, pricing and markets Pham Phuong Lan, Deputy Director of Treasury, BIDV Registration Fees VBMA Member fees VND Non-member fees VND Fees include tuition, documentation, lunch and refreshments. Please note, payment must be received prior to May 04, Payment details (please transfer the fee one day after your registration via fax or ) A/C name: Hiep Hoi Thi Truong Trai Phieu Viet Nam A/C no.(vnd): BIDV Transaction Center #1 branch *For security purposes, we can only accept account transfer. Thank you. 4 easy ways to register! thao.tb@vbma.org.vn Telephone: ext. 708 Facsimile: Post mail: Vietnam Bond Market Association, 14th Floor, Tower A, Vincom, 191 Ba Trieu, Ha Noi

6 Registration form Full name Position/Department Company Address Telephone Fax I have read and understood the booking terms and conditions Signature Date Registration policy Registration is on a first-come-first-served basis. VBMA shall start accepting registrants immediately upon dissemination of this memo. VBMA, through its board of directors, shall be the final decision- Cancellation Policy Registered candidates may get a replacement or substitute provided that VBMA is informed one week before the start of the seminar. Refunds may also be made provided that the above advice is received on time. Failure to do so shall mean forfeiture of the registration fee. Contact: Ms. Ta Thi Bich Thao Senior Coordinator Vietnam Bond Market Association 14 th floor, Tower A, Vincom, 191 Ba Trieu Tel: ext. 708 Fax: thao.tb@vbma.org.vn

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