Agribank provides the service “discount, rediscount of Promissory notes” for individual customers 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 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.