Thông tư số 19/2004/QD-BTC Circular providing guidelines on the treasury bill and foreign currency bond bidding through Vietnam State Bank (<font color = "red">content attached</font>)

CIRCULAR No. 19/2004/TT-BTC OF MARCH 18, 2004 GUIDING THE TREASURY BILL AND FOREIGN-CURRENCY BOND BIDDING THROUGH VIETNAM STATE BANK In furtherance of the Government’s Decree No. 141/2003/ND-CP of November 20, 2003 on the issuance of Government bonds, Government-underwritten bonds and local administration bonds; after reaching an agreement with Vietnam State Bank, the Finance Ministry hereby guides the Treasury bill and foreign-currency bond bidding through Vietnam State Bank as follows: Chương I. GENERAL PROVISIONS 1. This Circular applies to Vietnam State Bank, the Finance Ministry, organizations and individuals involved in the bidding for Treasury bills and foreign-currency bonds through Vietnam State Bank. 2. Basing itself on its tasks of mobilizing capital for the State budget and for development investment, the Finance Ministry shall decide on the volume of Treasury bills and foreign-currency bonds to be issued annually. The State Treasury may take initiative in deciding on the volume and time for each issuance drive, suitable to capital use demands and the situation of the financial and monetary markets. 3. Vietnam State Bank shall act as an agent for the Finance Ministry in organizing bidding and payment of Treasury bills and foreign-currency bonds. Vietnam State Bank shall be entitled to purchase the volumes of Treasury bills left after bidding sessions if the bidding participants have not yet bought them out. 4. Treasury bills and foreign-currency bonds shall be traded on the monetary market or discounted, re-discounted or pledged at the State Bank according to law provisions. 5. Interpretation of terms In this Circular, the terms below are construed as follows: 5. 1. Interest rate competition bidding means the offer of tendering interest rates by bidding participants for Vietnam State Bank to select the bid-winning interest rate. 5. 2. Interest rate non-competition bidding means the non-offer of tendering interest rate but instead the registration by bidding-participating organizations for purchase of Treasury bills or foreign-currency bonds at the bid-winning interest rate determined according to the results of interest rate competition bidding. 5. 3.