Vietnam: Rules for trading of financial instruments for credit institutions
On July 30 2021, the State bank of Vietnam issued Circular No.12/2021/TT-NHNN prescribing credit institutions and foreign bank branches’ trading of promissory notes, treasury bills, deposit certificates and bonds domestically issued by other credit institutions and foreign bank branches.
Article table of contents
Accordingly, prescribing rules for trading of financial instruments for credit institutions and foreign bank branches, for example:
- Credit institutions/FBBs are allowed to carry out the trading of financial instruments according to the contents about trading of corporate bonds and/or other financial instruments specified in their licenses issued by SBV.
- VND (Vietnamese Dong) shall be the currency used in trading of financial instruments.
- Credit institutions/FBBs shall only purchase promissory notes, treasury bills and deposit certificates whose remaining term to maturity is less than 12 months. The remaining term to maturity is the length of time commencing on the date of payment for the financial instrument as prescribed in Clause 3 Article 4 hereof and ending on the maturity date of that financial instrument on which its principal and interest must be fully paid.
- Credit institutions/FBBs shall only carry out trading of financial instruments issued by finance companies or finance lease companies with organizations (including credit institutions/FBBs)
Circular No.12/2021/TT-NHNN takes effect from October 27, 2021.
9 lượt xem
- Vietnamese candidates may register for participation in 2023 high school graduation exam via online methods
- Tax officials of Vietnam to stop requiring paper household registration books during administrative tax procedures
- Localities to focus on settlement of site clearance and resettlement support in Vietnam
- Vietnam: To appoint civil servants to supervise law enforcement in 2023
- Forms of periodic reports in the field of information and communication in Vietnam
- Not requiring enterprises to update information on the legal representative's chip-mounted citizen ID card before March 31, 2023 in Vietnam
-
- Procedures for granting a certificate of accreditation ...
- 16:40, 31/03/2023
-
- Conditions for conversion from physical documents ...
- 16:07, 31/03/2023
-
- Agreement on card issuance and usage is required ...
- 14:35, 31/03/2023
-
- Cases in which acquisition or donation of land ...
- 14:06, 31/03/2023
-
- Standards of editor in Vietnam
- 12:09, 31/03/2023
.png)
Criteria for participating in official recruitment exams; 1 additional occupational disease covered by social insurance; requirements for credit institutions ...
On March 24, 2023, the General Department of Taxation promulgated Official Dispatch No.
3 cases of motor vehicles eligible for exemption from inspection on the inspection line; answers to questions about update of chip-based citizen ID cards ...
