What are responsibilities of entities in rediscount of negotiable instruments among credit institutions and foreign bank branches in Vietnam?

What are responsibilities of entities in rediscount of negotiable instruments among credit institutions and foreign bank branches in Vietnam?

Pursuant to Article 13 of Circular 18/2021/TT-NHNN regulating rediscount of negotiable instruments among credit institutions and foreign bank branches, the responsibilities of entities are specified as follows:

1. Monetary Policy Department shall:

Cooperate with other entities in resolving difficulties relating to this Circular.

2. Department of Finance and Accounting shall

Cooperate with other entities in resolving difficulties relating to statement, recording, and accounting during implementation of this Circular.

3. Exchange authority shall

Monitor, consolidate information on negotiable instrument rediscount between credit institutions and FBBs in accordance with regulations of SBV.

4. Bank Supervision and Inspection Agency, branches of SBV of provinces and cities shall

Supervise and inspect implementation of this Circular and take actions against violations within their competence.

Best Regards!