The State Treasury conducts re-trading of government bonds
Transferable relevant Government bonds are Government bonds listed on the Hanoi Stock Exchange. Photo Internet. |
The Circular on transferable relevant Government bonds which are Government bonds listed on the Hanoi Stock Exchange (HNX) and used for paying for the original Government Bonds in the Government bond transaction in cases where there were not enough original Government bonds to pay. The transferable relevant Government bonds are implemented on the basis of mutual agreements between the two trading members. The HNX detailed the policies to use the transferable relevant bonds in government bonds transactions.
On the classification of members, in addition to regular trading members and special trading members on the Government bonds exchange at the HNX described in Circular No. 234/2012/TT-BTC of 28/12/2012, Circular 10 added a provision on joining the Government bond exchange of the State Treasury in accordance with Circular No. 24/2016/ND-CP dated 5/4/2016 of the Government regulating the management mode of State funds. The State Treasury is permitted to conduct re-trading of Government bonds in the Government bond trading system at the HNX within 3 months, submit the service price in line with the Law and use services provided by the HNX and the Vietnam Securities Depository Center
Circular 10 also regulated that members must report to the HNX on electronic data through the report reception and information announcement system of the HNX. If necessary, the HNX has the right to request members to report on documents. On listing and trading management, the types of government bonds listed include: Government bonds; and guaranteed Government bonds and local authority bonds. Circular 10 also detailed Government trading at the HNX done through the members and paid through the Vietnam Securities Depository Center.
Relating to normal trading and re-trading, Circular 10 added provisions that the trading results must be reported and entered into the trading system on the same working day after completing the trading agreements. Content of the report is to be performed in compliance with the guidance of the HNX.
State Treasury offloads VND4.072 trillion worth of G-bond The State Treasury has mobilised VND4.072 trillion (US$182.62 million) through auction of government bonds, according to G-bond ... |
The Circular 10 takes effect for implementation from 1st September, 2017.
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