Headlines 08/04/2021 08:29 SA

Regulations on term of securities issued by credit institutions are now ready to take effect

Trung Tài

This is the highlight of the Circular No. 01/2021/TT-NHNN regarding issuance of domestic promissory notes, treasury bills, certificates of deposit or bonds by credit institutions and foreign bank branches.

The Circular specifies the term, issuing and maturity date of the following securities:

- Bonds valid for the term of 1 year or more which is specified by credit institutions.

- Bonds that are issued at the same period, on the same issuing date and mature at the same date.

- Terms, issuing dates and maturity dates of promissory notes, treasury bills, certificates of deposit are decided by credit institutions and foreign bank branches.

Besides, interest rates of securities issued by credit institutions, foreign bank branches must be decided to meet current regulations on interest rates by the State Bank of Vietnam.

Circular No. 01/2021/TT-NHNN is entering into force as of May 17, 2021, replacing the Circular No. 33/2019/TT-NHNN and 34/2013/TT-NHNN.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

 

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