Date Deployment: From date 15/05/2018 to end date 15/08/2018.
Eligible customers: Named deposit certificate
Certificate tenor: 189 days.
Denominations: VND100 million, 200 million, 500 million, 1 billion, 2 billion & 5 million.
Coupon interest rate: 6.8%/year
Interest payment at maturity.
Participants: personal and corporate customers (eligible as per the State Bank’s stipulation)
Issuance period: 15/05/2018 – 15/08/2018.
Place of issuance and transfer: nation-wide network of SCB.
SCB short-term deposit certicates are transferable via purchase, donation, exchange.
In case, the possession period is shorter than 15 days, the transfer proceeds (less transfer fee) are the previous purchase amount.
Place of payment at maturity: at any (sub)branches of SCB.
Premature payment of deposit certicate is not allowed.
Deposit certificate is not renewed at maturity. At maturity, if SCB can not contact the owners for settlement, SCB will take the custody of the principal and interest of the deposit certificate until the owners come to SCB to receive them. In this case, the amount under custody is interest-free and custody fee is not applied.
Deposit certificate may be used as collateral at SCB or other credit institutions as per SCB’s regulations and the applicable law.
Deposit certificates being corrected, torn, erased, crumpled, smudged are not valid for payment.
All disputes out of the program will be amicably settled by mutual negotiation. If the mutual negotiation can not reach a final settlement. The disputes will be settled as per the applicable law of Vietnam.
Other content is subject to regulations on valuable papers issuance of SCB and applicable law.