Agribank’s Operations Centre is allowed to use temporally free capital to lend to other financial institutions based on credit line offering to financial institutions approved by General Director for a certain time. In case of exceeding the limit, it needs a written approval of Agribank’s General Director and Chairman of Board of Directors. This service is applicable to financial institutions allowed to operate in both national and international inter-bank market and have transaction limit with Agribank
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Currency: VND, EUR, USD.
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Term: overnight, weekly, monthly, per quarter...
- Interest rate: negotiable based on interest rate movement
in the market.
- Calculator basis: 360 or 365 days
Distribution
channel/ Contact:
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Financial institutions directly
contact Agribank’s Operations Centre through FX managing Department
Process:
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Transactions are completed through
Reuters Dealing System, fax of telephone…
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After approved, data will be entered
in to IPCAS
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Profit and stop loss limit in forex
dealing of Agribank’s Operations Centre is decided by Chairman of Board of
Directors.
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Credit line offering to other
financial institutions will be defined by General Director for each of time.
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Director of Agribank’s Operations
Centre defines transaction limit applicable to FX Department of Agribank’s
Operations Centre and each of its officer
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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 rule for a certain
period.