What is transfer of negotiable instruments among credit institutions and foreign bank branches in Vietnam?

What are regulations on transfer of negotiable instruments among credit institutions and foreign bank branches in Vietnam?

Pursuant to Article 10 of Circular 18/2021/TT-NHNN stipulating transfer of negotiable instruments among credit institutions and foreign bank branches is regulated as follows:

1. When the rediscounting party rediscounts negotiable instruments, the beneficiary shall adopt procedures to transfer negotiable instrument to the rediscounting party as per the law.

2. In case of rediscounting in form of temporary purchase, when the beneficiary fulfills their obligation to repurchase negotiable instruments, the rediscounting party shall adopt procedures to transfer negotiable instruments to the beneficiaries as per the law.

Best Regards!