Deposit capital at financial institutions means using temporally free capital to deposit into accounts with financial institutions. This service is applicable to the State Bank and other financial institutions allowed operating in both national and international inter-bank market and having transaction limit with Agribank.
Limited deposit at financial
institutions depends on the approval of Agribank’s General Director at certain
time; in case of exceeding limit it requires a written approval of Agribank’s
General Director and Chairman of Board of Directors. Based on General
Director’s decision, Director of Agribank Operations Centre define transaction
limit applicable to FX managing Department of Agribank Operations Centre and
each of its officer.
Transaction principle: strictly
subject to rule of limit, ensure reserve requirement, liquidity and using
capital safely and effective.
Term of deposit: non-term,
overnight, daily, monthly
Interest rate: based on agreement
but not exceeding ceiling level stipulated by the State Bank.
Currency: VND and other free
Distribution channel/ Contact:
Operations Centre of the State bank
and other financial institutions directly contact with Agribank’s Operations
Centre through FX managing Department
Transactions are completed through
Reuters Dealing System or Fax
After approved, data will be entered
into IPCAS and then confirmation will be made by SWIFT or fax.
Loss line in forex dealing of
Agribank’s Operations Centre is decided by Chairman of Board of Directors.
Deposit limit at financial
institutions is defined by General Director for each period.
Director of Agribank Operations
Centre defines transaction limit applicable to FX managing Department of
Agribank Operations Centre and each of its officer. Transaction rule: safe,
effective, subject to the loss line, ensure foreign currency balance adapted to
the Sate bank’s rule for a certain period.
in transaction: safe, effective, subject to FX dealing limit and ensure
liquidity of the Bank.