| STATE BANK OF VIETNAM ------- | SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom – Happiness --------- |
| No. 251/2001/QD-NHNN | Hanoi, March 30th , 2001 |
DECISION
ON THE ISSUANCE OF THE REGULATION ON LENDING SECURED BY MORTGAGE OF SHORT-TERM VALUABLE PAPER BY THE STATE BANK TO BANKS
THE GOVERNOR OF THE STATE BANK
Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 and the Law on Credit Institutions No. 02/1997/QH10 dated 12 December, 1997;
Pursuant to the Decree No. 15/CP dated 02 March, 1993 of the Government on the assignment, authority and responsibility for the State management of the ministries and ministry-level agencies;
Upon the proposal of the Director of the Credit Institution Department,
Pursuant to the Decree No. 15/CP dated 02 March, 1993 of the Government on the assignment, authority and responsibility for the State management of the ministries and ministry-level agencies;
Upon the proposal of the Director of the Credit Institution Department,
DECIDES
Article 1. To issue in conjunction with this Decision the Regulation on lending secured by mortgage of short-term valuable paper by the State Bank to banks.
Article 2. This Decisions shall be effective after 15 days from the date of signing and shall replace the provision on refinancing in form of pledge of Treasury bills stated in the Regulation on the refinancing of the State Bank for credit institutions issued by the Decision No. 285/QD-NH14 dated 10 November, 1994 of the Governor of the State Bank, the Decision No. 431/1997/QD-NHNN14 dated 24 December, 1997 supplementing the Regulation on the refinancing of the State Bank for credit institutions issued in conjunction with the Decision No. 285 QD-NH14 dated 10 November, 1994 of the Governor of the State Bank and the official dispatch No. 97/CV-NH14 dated 4 February, 1997 of the State Bank on the delegation of authority to General Managers of State Bank branches to perform refinancing lending to non state-owned credit institutions in respective localities.
Article 3. In respect of balance of refinancing made by the State Bank to banks that exists at the end of the date prior to the effective date of this Decision, the State Bank and banks shall continue complying with agreements in respective contracts and debt recognition documents until the full collection of debt by the State Bank.
