NOTICE ON SALE OF BILLS SHALL BE UPLOADED NO LATER THAN 13:30 ON THE BIDDING DATE
On July 07, 2021, the State Bank of Vietnam issues the Circular No. 09/2021/TT-NHNN amending and supplementing a number of Articles of the Circular No. 42/2015/TT-NHNN dated December 31, 2015 of the Governor of the State Bank of Vietnam prescribing regulations on open-market operations.
Specifically, before each open-market operation-related bidding session, the State Bank (the operation centre) shall notify the purchase or sale of valuable papers for its members. For a session of sale (issuance) of State Bank bills, in addition to notifying its members, the operation centre shall post the notice on sale (issuance) of State Bank bills on the State Bank’s e-portal no later than 13:30 on the bidding date.
Provisions on the bidding method for the sale (issuance) of State Bank bills through open-market operations also are supplemented as follows: The State Bank shall follow the method of bidding by interest rate; the State Bank shall sell (issue) State Bank bills according to the method of bidding by volume in case the State Bank needs to announce interest rates of State Bank bills in order to realize monetary policy targets.
This Circular takes effect on August 25, 2021.
