Agribank provides the service “discount, rediscount of bonds issued in accordance with provisions of the Government” for individual customers who are owners of of those valuable papers. Types of valuable papers include Treasury bills, Treasury bonds, Bonds for central Government’s projects, Investment bonds, Foreign currency bonds, Government bonds for the construction of Motherland; Bonds guaranteed by the Government; Bonds of local Government.
Main features
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Type of currency: VND, foreign
currencies
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Type
of valuable papers for discount and rediscount: Treasury bills, Treasury bonds,
Bonds for central Government’s projects, Investment bonds, Foreign currency
bonds, Government bonds for the construction of Motherland; Bonds guaranteed by
the Government; Bonds of local Government.
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Types
of discount and rediscount: discount, rediscount for the entire remaining term
of valuable papers or time discount, rediscount.
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Discount, rediscount level: maximum up to demand levels of customers.
Discount, rediscount price
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Agreed upon based on the value of
the valuable papers at their maturity date, the discount interest rate,
rediscount interest rate and the remaining term of valuable papers
Discount, rediscount term
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Agreed
upon but shall not be in excess of the remaining term of valuable papers
Payment
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One-off
payment at maturity
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When
those valuable papers become due, Agribank’s branch shall present them to the
issuing organizations for payment
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By
the end of the discount, rediscount term, if customers fail to perform the
repurchase of valuable papers, Agribank branch will become the lawful
owner of the papers and is entitled to all benefits arising from those valuable
papers
Delivery channels
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Branches/transaction
offices, ATM’s of Agribank nationwide or automated channels (E-banking)
Technology applied
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Agribank
uses automated system (IPCAS) to track customer information, accounts, amounts
of interest payment, etc. with the highest security and accuracy.