Reverse/Repos Trading in Government Bonds
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Description
- Reverse Repos: A transaction in which one party sells and transfers its bond ownership to another party and commits to repurchase and take back the bond ownership at a specific future date and a specified price.
- The duration of the Repos/Reverse Repos transaction is from 2 to 182 days.
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Types of bonds:
- Government bonds;
- Government-guaranteed bonds;
- Local government bonds: A transaction in which one party sells and transfers its bond ownership to another party without a repurchase commitment.
MSB advantages
Fast, convenient transaction and competitive pricing
MSB advantages
- MSB is one of the most active market makers in the Vietnamese Bond market.
- MSB offers a wide range of Bond-related products for individuals and Institutions.
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Over the years, MSB has continuously received Commendations and major awards presented by the Regulatory Agencies in recognition of MSB's positive contributions to the Vietnamese bond market such as:
- A commendation for the Bank with outstanding contributions to the development of Vietnam's stock market in the period 2009-2019 (Ministry of Finance)
- Market maker with the most trading volume and the best quote for several years (Vietnam Bond Market Association).
Required documents
- Business registration certificate
- Registration of specimen stamp and authorization
- Decision of Appointment
- Introduction of specimen signature
- A hard copy of the contract with company seals (traditional method)
- A contract that the partner and MSB have signed a transaction agreement via a fax
Transaction method:
Put-through transactions place orders via HNX (for government bonds, government-guaranteed bonds, local government bonds)
Contact
- Government Bond Business Office, Center for Currency and Valuable Papers Trading
- Tel: 024-31718989 ext 6969
Conditions and required documents
Điều kiện mở thẻ
- All organizations active in Vietnam
Điều kiện mở thẻ
Security and other functions
Frequently Asked Questions
The capital need for the Client's business activities on a regular and continuous basis (for example, the need to supplement working capital)
MSB is not required to provide Business Registration in case the Client's business is not subject to Business Registration.
In case the Client's business establishment is subject to business registration but has not yet registered for business and/or does not have a business license or practice certificate as prescribed by law. Customers need to provide at least 1 of the following 3 documents:
- Proof of payment of taxes or fees, charges,...
- Certification of the business operation management unit (Markets/Commercial Centers, People's Committees of communes and wards)
- Commit to supplement Business Registration within 06 months
In case customers do business online, only need to prove it through orders on E-commerce floors, Bank account statements. MSB can still finance up to 1 billion VND.
Customers can use assets such as Valuable Papers, Savings Book, Deposit Balance, Real Estate, Means of Transport to secure the loan.
Borrower submits a loan application to the bank when having funding needs. Borrower can draw down one or multiple times as per demand. Borrower and MSB shall agree on each drawdown amount, interest rate, repayment schedule in the form of Certificate of Indebtedness (maturity date of every drawdown must coincide with maturity date of the first drawdown).
Short-term one-time business loan suits seasonal funding needs.
Medium and long-term one-time business loan suits substantial funding needs including expanding productionbusiness , procuring fixed assets like machinery, equipment, transportation; constructing and renovating facility.
For example: MSB approves a one-time business loan for Nguyen Van A – owner of an ABC garment company as follows:
Loan amount: VND 1 billion
Loan tenor: 60 months
Loan purpose: renovating garment facility
Nguyen Van A submits vendor’s payment documents to MSB for two disbursements as follows:
1st time: VND 500 million (disbursement date on 7 March 2022 – maturity date on 7 March 2027)
2nd time: VND 500 million (disbursement date on 10 April 2022 – maturity date on 7 March 2027)
MSB approves an amount of funds for maximum 12 months. Customer can flexibly draw down from it multiple times. Customer and MSB shall agree on each drawdown amount, interest rate, repayment schedule in the form of Certificate of Indebtedness (borrower can flexibly draw down within approved limit in 12 months).
Limit business loan suits constant needs of working capital.
For example: MSB approves a limit business loan for Nguyen Van A – owner of an ABC garment company as follows:
Loan amount: VND 500 million
Loan tenor: 12 months
Loan purpose: increase in regular business funding
Nguyen Van A submits payment documents for inventory purchase to MSB for disbursements as follows:
1st time: VND 200 million, 3-month tenor (disbursement date 7 March 2022 – maturity date on 7 June 2022)
2nd time: VND 200 million, 6-month tenor (disbursement date on 10 March 2022 – maturity date on 10 September 2022)
3rd time: VND 300 million, 3-month tenor (disbursement date on 7 June 2022 – maturity date on 7 September 2022)
4th time: VND 600 million, 3-month tenor (disbursement date on 10 September 2022 – maturity date on 10 December 2022)