Borrowing money from other financial institutions
(Updated at 16:34, 11/8/2010)
According to the actual capital demand and credit line given by other financial institutions, Agribank’s Operations Centre will seek loans from other 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.

Main features:

 

-          Term: overnight, weekly, monthly, per quarter.

-          Currency: VND, EUR, USD

-          Interest rate: negotiable based on applicable interest rate in the market.

-          Purpose: ensure liquidity, capital regulation of Agribank.

 

Distribution channel/ Contact:

-          Operations Centre of the State bank and other financial institutions directly contact Agribank’s Operations Centre through FX managing Department

 

 Process:

 

-          Transactions are completed through Reuters Dealing System or Fax

-          After approved, data will be entered in to IPCAS and confirmation will be made by SWIFT or fax and then transaction will be monitored to make payment on the due date.

-          Profit and stop loss limit in forex dealing of Agribank’s Operations Centre is decided by Chairman of Board of Directors.

-          Director of Agribank’s Operations Centre define transaction limit applicable to FX managing Department of Agribank’s Operations Centre and each of its officer.

-          Transaction principle: safe, effective, subject to FX dealing limit; ensure liquidity of the Agribank and maintain foreign currency balance adapted to the Sate bank’s regular for a certain period.

 

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Applied at Operations Centre of Agribank

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Applied at Agribank Operations Centre

Agribank Contact Center
1900558818