Agribank provides the service “discount, rediscount of Promissory notes” for Vietnamese and foreign organizations who are holders of these transferable papers and have the need to redeem them by selling at a discount.
Main
features
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Type of currency: VND, foreign currencies
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Discount, rediscount level: maximum up to 15% of
Agribank’s equity, 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
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Types of transfer of Bills of exchange: by
endorsement, by a written contract (assignment of a debt)
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Types of discount and rediscount: discount,
rediscount for the entire remaining term of valuable papers or time discount,
rediscount
Discount,
rediscount term
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Agreed upon but shall not be in excess of the
remaining term of valuable papers
Discount interest rate, rediscount interest rate
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Applies according to Agribank’s interest rates
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.