Agribank provides the service “discount, rediscount of bills, term bills, bonds issued by other organizations”.
of currency: VND, foreign currencies
of valuable papers for discount and rediscount: bills, term bills, bonds and
other types of valuable papers issued by other organizations.
rediscount level: maximum level 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
Types of discount and rediscount:
discount, rediscount for the entire remaining term of valuable papers or time
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
upon but shall not be in excess of the remaining term of valuable papers
interest rate, rediscount interest rate
according to Agribank’s interest rates
payment at maturity
due date, if customers do not repurchase their valuable papers, Agribank branch
will become the lawful owner of the papers and enjoy all the benefits arising
from the papers.
those valuable papers become due, Agribank’s branch shall present them to the
issuing organizations for payment
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
offices, ATM’s of Agribank nationwide or automated channels (E-banking)
uses automated system (IPCAS) to track customer information, accounts, amounts
of interest payment, etc. with the highest security and accuracy.