Long term valuable papers are valuable papers with term of one year or more from issuance to expiration, consisting of 6 items:

1.       Bond with full interest paid in advance

2.       Bond with full interest paid at maturity

3.       Bond with periodical interest payments

4.       Certificate of long term deposits with full interest paid in advance

5.       Certificate of long term deposits with full interest paid at maturity

6.       Certificate of long term deposits with periodical interest payments

Forms:

-          Registered certificate: the certificate which shows name of the owner.

-          Bearer certificate: the certificate without name of the owner, Bearer certificate is belonged to the holder.

-          Account opening: the certificate issuing branch will open a certificate account for the owner and give the owner a certificate confirming the certificate account.

Main features:

-    Term: at least 1 year
-    Currency: VND, foreign currencies.
-    Minimum value: 100.000 VND, 100 USD or equivalent in other currency.
-    Maximum value: VND 1 billion, 100,000 USD or equivalent in other currency. 

Principal Payment:

-          The principal payment shall be made to customer at the Agribank’s counter where the certificate was issued or at any Agribank’s other counters (for the bear certificate only).

-          Payment at maturity: The principal shall be fully paid to customer at maturity.

-          Payment after maturity: If at maturity, the customer will not receive the principal payment, Agribank will not renew for another term, the principal shall bear the current demand interest rate for the period after maturity. Interest shall be calculated and paid to customer upon his/her receipt of principal payment.

-          Prepayment: Agribank will not apply prepayment.

-          Interest rate adjustment method: fixed interest rate or interest adjusted in each issuance period

-          Interest calculation: Interest = Face value* interest rate* term

-          Interest payment: interest is paid every 6 months or a time frame of multiplier of 6 months.

Investment method:

The customer can buy the certificate of long term deposits at the counter of Agribank’s branches.

(Information about the address of Agribank branches and transaction offices could be searched here).