VietnameseDecision No. 171/2000/QD-NHNN13 of May 25th, 2000, on the issuance of the rule on the registration of short-term valuable paper
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Decision No. 171/2000/QD-NHNN13 of May 25th, 2000, on the issuance of the rule on the registration of short-term valuable paper
| 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: | 171/2000/QD-NHNN13 | Signer: | Le Duc Thuy |
| Type: | Decision | Expiry date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Issuing date: | 25/05/2000 | 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 ------- | SOCIALIST REPUBLIC OF VIETNAM Independence-freedom-happiness --------- |
No. 171/2000/QD-NHNN13 | Hanoi, May 25th , 2000 |
DECISION
ON THE ISSUANCE OF THE RULE ON THE REGISTRATION OF SHORT-TERM VALUABLE PAPER
THE GOVERNOR OF THE STATE BANK
Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 dated 12 December, 1997 and the Law on the Credit Institutions No. 02/1997/QD10 dated 12 December 1997;
Pursuant to the Decree No. 15/CP dated 2 March 1993 of the Government providing for the assignment, authority and responsibility for State management of the ministries and ministry-level agencies;
Upon the proposal of the Director of the Banking Operation Department,
Pursuant to the Decree No. 15/CP dated 2 March 1993 of the Government providing for the assignment, authority and responsibility for State management of the ministries and ministry-level agencies;
Upon the proposal of the Director of the Banking Operation Department,
DECIDES
Article 1. To issue in conjunction with this Decision " the rule on the registration of short-term valuable paper"
Article 2.This Decision shall be effective after 15 days from the date of signing.
Article 3. The Director of the Administration Department, the Director of the Banking Operation Department, Heads of the relevant units in the State Bank, General Managers (Managers) of the State Bank branches in provinces and cities under Center Management, General Directors (Directors) of the Credit Institutions participating to open market operation shall be responsible for the implementation of this Decision.
THE GOVERNOR OF THE STATE BANK Le Duc Thuy |
RULE
ON THE REGISTRATION OF SHORT-TERM VALUABLE PAPER
(issued in conjunction with the Decision No. 171/2000/QD-NHNN13 dated 25th may, 2000 of the Governor of the State Bank)
(issued in conjunction with the Decision No. 171/2000/QD-NHNN13 dated 25th may, 2000 of the Governor of the State Bank)
Chapter I
GENERAL PROVISIONS
Article 1. Governing scope
This Regulation shall provide for the registration, depository of short-term valuable paper under the ownership of Credit Institutions participating to the open market operation at the State Bank to implement the open market operation.
Article 2. Short-term valuable paper to be registered shall include:
1. Treasury Bills;
2. State Bank bills;
3. Other short-term valuable paper provided for by the Governor of the State Bank from time to time.
Article 3. The registration, depository of short-term valuable paper to participate in the open market operation shall be carried out at the Banking Operation Department or the State Bank branches in provinces, cities designated by the Governor of the State Bank of Vietnam (abbreviated as the registration, depository unit)
Chapter II
DETAILED PROVISIONS
Article 4. At 10a.m of the open market operation day at the latest, members participating to the auction must register and surrender short-term valuable paper at the registration, depository unit.
Article 5. Short-term valuable paper mentioned in Article 2 shall have to satisfy following conditions:
1. Being tradable;
2. Being issued in VND.
3. The remaining period is 90 days at the most for valuable paper to be traded in an outright purchase, sale;
4. The remaining period for valuable paper to be traded in a sale and repurchase agreement must be longer than the term of the respective sale and repurchase agreement with the State Bank.
Article 6. Surrender of short-term valuable paper
Upon the registration of short-term valuable paper, Credit Institutions shall make and send 02 copies of a list of short-term valuable paper to the registration, depository unit (Form No. 01/DK attached to this Regulation) with the following contents:
1. Name and code of the credit institution which surrenders the short-term valuable paper;
2. Type of short-term valuable paper;
3. Form of short-term valuable paper;
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