Credit Institutions May Only Buy Bonds And Bills Of Less Than 12 Months

Credit institutions and foreign bank branches may only buy bills, bills, deposit certificates, with the remaining term of less than 12 months. The remaining term is the period of time determined from the payment date of purchase to the principal and interest payment date of that price papers. The State Bank has issued Circular No. 12/2021 / TT-NHNN of the regulations on the organization of credit institutions (credit institutions), foreign bank branches to buy, sell bills, bills, deposit certificates and bonds issued by credit institutions and other foreign bank branches in the country. This Circular takes effect from 27/10 / 2021

. According to the regulations, credit institutions and foreign bank branches are purchased and sold papers in accordance with the contents of buying and selling contracts Enterprise cards and / or other valuable papers listed in the License issued by the SBV. (Artwork) Buyers and sellers are responsible before the law on buying and selling valuable papers in accordance with the regulations This Circular and the provisions of the relevant laws. Currency implemented in the purchase and sale of valuable papers is Vietnam dong
The price of the price is purchased and sold under the legal ownership of the seller and Not yet lit term of complete root and interest. The seller has committed valuable papers without disputes, which are allowed to trade in accordance with the law, not in the state being discounted, reduing.TDtd, foreign bank branches to buy bonds and sell bonds In accordance with the provisions of the Law on Credits, the Government's Securities Law and Decree regulations on issuance of corporate bonds and other documents guiding the Securities Law and the provisions of the relevant laws. 12 also stipulates that credit institutions and foreign bank branches may only buy bills, bills and deposit certificates with the remaining term of less than 12 months. The remaining time limit is a period of time determined from the date of payment for the purchase date until the principal and interest payment date of that price papers. Foreign bank branches cannot buy convertible bonds. The price of the financial company or financial leasing company, credit institutions and foreign bank branches are only purchased for organizations (including credit institutions, foreign bank branches).

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