4 Cases of Disallowing Bond Transactions by the Government of Vietnam

13:49, 11/07/2024

Circular 46/2017/TT-BTC was issued by the Ministry of Finance providing guidance on the payment transactions for government bonds of the Government of Vietnam, government-guaranteed bonds, and local government bonds.

According to Circular 46, the elimination of transactions involving Government of Vietnam bonds in the following cases:

- Transactions specified in Clause 3 Article 6 of Circular 46;- Transactions lacking sufficient funds on the settlement date without requesting the Vietnam Securities Depository to apply measures to delay the settlement deadline;- Transactions with delayed settlements but still lacking sufficient funds upon the expiration of the delay period;- Short-selling transactions of Government of Vietnam bonds when there are no guidelines from the Ministry of Finance.

Note: The party causing the error leading to the transaction being eliminated must bear full responsibility for any losses incurred by clients or related counterparties.

More details can be found in Circular 46/2017/TT-BTC effective from August 1, 2017.

- Thanh Lam -

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