Procedure for the Issuance and Payment of Negotiable Instruments: What Are the Regulations?

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Regarding domestic bond issuance activities of credit institutions and foreign bank branches to raise capital, how are the procedures for issuing and settling valuable papers regulated?

According to Article 14 of Circular 01/2021/TT-NHNN, the regulation on the matter is as follows:

The issuance and payment process of valuable papers by credit institutions and foreign bank branches shall be regulated to match the characteristics and management model of the credit institution, foreign bank branches, and relevant legal provisions, ensuring the issuance and payment of valuable papers are accurate and safe. The credit institutions and foreign bank branches must fully inform the buyers of valuable papers about the issuance and payment process of valuable papers.

Respectfully!

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