Circular No. 01/2012/TT-NHNN dated February 16, 2012 of the State Bank of Vietnam providing for the discount of valuable papers by the State Bank of Vietnam to credit institutions, foreign bank's branches

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Issuing body:	State Bank of Vietnam	Effective date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Official number:	01/2012/TT-NHNN	Signer:	Nguyen Dong Tien
Type:	Circular	Expiry date:	Updating
Issuing date:	16/02/2012	Effect status:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Fields:	Finance - Banking

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STATE BANK OF VIETNAM

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No. 01/2012/TT-NHNN

SOCIALIST REPUBLIC OF VIETNAM

Independence – Freedom – Happiness

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Hanoi, 16 February 2012

CIRCULAR

PROVIDING FOR THE DISCOUNT OF VALUABLE PAPERS BY THE STATE BANK OF VIETNAM

TO CREDIT INSTITUTIONS, FOREIGN BANK'S BRANCHES

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- Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12 dated 16 June 2010;

- Pursuant to the Law on Credit Institutions No. 47/2010/QH12 dated 16 June 2010;

- Pursuant to the Decree No. 96/2008/ND-CP dated 26 August 2008 of the Government providing for the functions, duties, authorities and organizational structure of State Bank of Vietnam;

The State Bank Vietnam (hereinafter referred to as the State Bank) hereby provides for the discount of valuable papers by the State Bank to credit institutions, foreign bank’s branches as follows:

Chapter I

GENERAL PROVISIONS

Article 1. Governing scope and subjects of application

1. Governing scope

This Circular provides for the performance of discount of valuable papers by the State Bank to credit institutions, foreign bank’s branches.

2. Subjects of application

a) Banks, non-banking credit institutions and foreign bank’s branches;

b) Central People's credit fund during the time when it has not been transformed into Cooperative bank in accordance with provisions of the Law on Credit Institutions.

Article 2 Interpretation

In this Circular, following terms shall be construed as follows:

1. Valuable paper shall mean an evidence that confirms the payment obligation of the valuable paper issuer to the holder of the valuable paper for a certain period of time, interest payment condition and other conditions.

2. Long-term valuable papers shall mean valuable papers with term of one year and more since its issuance to maturity.

3. Short-term valuable papers shall mean valuable papers with term of less than one year since its issuance to maturity.

4. Discount of valuable papers shall be operation of State Bank to buy, in short term, valuable papers remaining in payment effectiveness from credit institutions, from foreign bank's branches before their maturity (herein shortly referred to as the discount).

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Circular No. 01/2012/TT-NHNN dated February 16, 2012 of the State Bank of Vietnam providing for the discount of valuable papers by the State Bank of Vietnam to credit institutions, foreign bank's branches

ATTRIBUTE

VIETNAMESE DOCUMENTS

ENGLISH DOCUMENTS

SAME CATEGORY

Circular No. 29/2026/TT-NHNN dated June 30, 2026 of the State Bank of Vietnam amending and supplementing a number of articles of Circular No. 39/2016/TT-NHNN prescribing the provision of loans by credit institutions and foreign bank branches to clients

Directive No. 01/CT-NHNN dated February 13, 2012 of the State Bank of Vietnam on organizing the implementation of monetary policies and ensuring the banking activity to be safe and efficient in 2012

Circular No. 201/2011/TT-BTC dated December 30, 2011 of the Ministry of Finance on providing interest rates of state investment and export credit loans and interest rate differences eligible for post-investment supports