Which Organizations Are Permitted to Participate in the Government of Vietnam Bond Payment System?

11:55, 11/07/2024

On May 12, 2017, the Ministry of Finance promulgated Circular 46/2017/TT-BTC guiding the payment operations of Government of Vietnam bonds, Government of Vietnam guaranteed bonds, and local government bonds.

Circular 46 stipulates that the following organizations will participate in the Government of Vietnam bond transaction payment system:

For organizations performing the transfer of the Government of Vietnam bonds on the depository account system at the Vietnam Securities Depository Center:

- Depository members shall make payments for their own Government of Vietnam bond transactions and for their clients;- Organizations with direct accounts shall make payments for their own Government of Vietnam bond transactions;- The State Treasury shall make payments for repurchase transactions of Government of Vietnam bonds;- The Vietnam Securities Depository Center shall make payments for Government of Vietnam bond transactions.

For organizations making direct money payments on the interbank electronic payment system of the State Bank of Vietnam:

- The State Bank of Vietnam Trading Department;- Payment member banks as stipulated in Clause 2, Article 2 of Circular 46, depository members that are commercial banks, and direct account opening organizations that are commercial banks;- The State Treasury.

See more related regulations at Circular 46/2017/TT-BTC, effective from August 01, 2017.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn