NOTED IN THE CONTENT OF CERTIFICATE OF DEPOSIT?

NOTED IN THE CONTENT OF CERTIFICATE OF DEPOSIT?

Certificate of deposit is a type of financial instruments, a safe and attractive investment tool. However, to effectively take advantage of the benefits and protect the lawful rights, the content of certificate of deposit also needs to be paid attention. Specifically, what are these contents?

Certificate of deposit must be issued in the prescribed form

Credit institutions and FBBs issue certificate of deposit in the forms of certificates, book entries and other forms in conformity with regulations of the Law on Securities, its guiding documents and relevant laws.

In case of issued in the form of certificates must be designed and printed in a manner that prevents counterfeiting.

Buyers of certificate of deposit which are issued in the forms other than certificates shall be issued with certificates of ownership.

The content of the certificate of deposit must meet the minimum requirements of the law

Certificate of deposit shall bear the following information:

– Issuer’s name;

– Name of certificate of deposit;

– Symbol/serial number;

– Signature of legal representative of the issuer and other signatures prescribed by the issuer;

– Face value, term to maturity, issue date and maturity date;

– Interest rate, method and time of interest payment, and location for principal and interest payment;

– Full name, number of ID card or Citizen Identity Card or unexpired passport, and address of holder (if the holder is an individual); name, number of establishment license or enterprise ID number or number of business registration certificate (if the enterprise ID number is unavailable), and address of holder (if the holder is an organization);

– Certificate of deposit issued by financial companies or finance lease companies must specify that the holder’s ownership shall be only transferred to an organization.

– Other contents of promissory notes, treasury bills or deposit certificates shall be decided by issuers.

To effectively take advantage of the benefits and protect the lawful rights, the content of certificate of deposit also needs to be paid attention. (Photo: Internet)

Certificates of deposit must be issued and paid in specified currencies

Certificate of deposit are issued and paid in Vietnam Dong.

The face value of the certificate of deposit is 100,000 (one hundred thousand) Vietnam Dong or a multiple of 100,000 (one hundred thousand) Vietnam Dong.

Legal basis:

  • Law on Credit Institutions 2024;
  • Circular 01/2021/TT-NHNN regulating the issuance of promissory notes, bills, certificates of deposit, and domestic bonds of credit institutions and foreign bank branches issued by the State Bank of Vietnam.

𝐋𝐈𝐍𝐂𝐎𝐍 𝐋𝐀𝐖 𝐅𝐈𝐑𝐌 – 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐜𝐨𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧

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