Securities brokers allowed to join T-bills auctions from Aug 14
Ministry of Finance (MoF) and the State Bank of Vietnam (SBV) on June 28, 2012 issued a joint circular No 106/TTLT-BTC-NHNN guiding the Treasury bill issuance via the central bank, effective from August 14, 2012.
Accordingly, together with those who are subject to T-bill auction under the Circular No 19 (including commercial banks, branches of foreign banks, joint venture banks, finance companies, insurance companies, investment funds), under the joint circular No 106, securities companies will be allowed to join T-bill auctions from August 14, 2012 with an expected volume of about 40 members.
The joint circular No 106 also regulates that the Vietnam Securities Depository Centre (VSD) will be principal and interest payment agency (previously, the central bank was principal and interest payment agency).
Also according to the joint circular No 106, the bidding fee that MoF pays for the central bank will be at the ratio of 0.01 percent of the value of raising T-bills (earlier, the fee ratio was 0.05%).
