Circular 46: Guidance on Government Bond Transaction Payments

17:06, 11/07/2024

On May 12, 2017, the Minister of Finance issued Circular 46/2017/TT-BTC providing guidelines for the payment activities of the Government of Vietnam bonds, Government of Vietnam-guaranteed bonds, and local government bonds.

According to the Circular, transactions with insufficient funds on the payment date have the right to request the Vietnam Securities Depository Center to apply the deferred payment measure:

- The maximum deferment period is 02 working days from the payment date.

- If the buyer has sufficient funds within the aforementioned period, the transaction will be processed like a regular transaction.

- If the deferment period expires and the buyer still does not have sufficient funds, the transaction will be canceled.

- In case a transaction is not paid on time, the buyer must take full responsibility for any losses incurred by customers and related members.

The compensation level is mutually agreed upon by the parties in accordance with current legal regulations.

Circular 46/2017/TT-BTC takes effect from August 1, 2017. From the effective date of this Circular, the provisions of Circular 05/2015/TT-BTC dated January 15, 2015, of the Minister of Finance will no longer apply.

Source: Finance Magazine

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