Repo and rerepo
(Updated at 16:42, 11/8/2010)
This service means buying and selling termed bond in which customers buy Agribank’s bonds at the negotiable price and amount. This service is applicable to Operations Centre of the State Bank and other financial institutions.

Main features:

 

-          Agribank commits to repurchase these bonds at the pre-defined time in the future according to agreement between Agribank and customers.

-          Customers gain benefits from the different price

-          Interest rate is higher than deposit interest rate at the same term

-          Flexible term according to customers’ demand

-          Be a safe investment form.

 

Rerepo:

 

-          Customers sell bonds to Agribank at the negotiable price and amount

-          Customers commit to repurchase these bonds at the pre-defined time in the future according to the agreement between Agribank and customers.

-          Customers will receive a money amount to serve investment purpose and other demands.

-          Meet the capital demand of the customers.

-          Increase liquidity for bond investment of customers.

 

Distribution channel/ Contact:

 

-          Directly contact Agribank’s Operations Centre through FX managing Department

 

Process:

                  

-          Transactions are completed through Reuters Dealing System, fax or telephone…

-          After approved, data will be entered in to IPCAS by FX managing Department of Agribank’s Operations Centre

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

-          Limit of buying and selling foreign currency in option with other financial institutions will be defined by General Director for each of time.

-          Limit of buying and selling foreign currency in spot of FX Department and each of its officers will be fixed by Director of Agribank’s Operations Centre.

-          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.

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Applied at Operations Centre of Agribank

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Applied at Agribank Operations Centre

Agribank Contact Center
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