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Circular 29/2004/tt-Btc: Guide The Underwriting And Agency Issued Government Bonds, Government-Guaranteed Bonds And Bonds Of Local Government

Original Language Title: Thông tư 29/2004/TT-BTC: Hướng dẫn việc bảo lãnh phát hành và đại lý phát hành trái phiếu Chính phủ, trái phiếu được Chính phủ bảo lãnh và trái phiếu Chính quyền địa phương

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CIRCULAR guide the underwriting and agency issued Government bonds, Government-guaranteed bonds and bonds of local government implemented Decree No. 142/2003/ND-CP dated 20/11/2003 by the Government on the issuance of government bonds, Government-guaranteed bonds and bonds of local government The Ministry of Finance shall guide the underwriting and agency issued Government bonds, Government-guaranteed bonds and local government bonds (the bonds) are as follows: i. GENERAL PROVISIONS 1. Subject to this circular is the issuer, including: the State Treasury (Treasury bonds, bonds of the Central works of the local government bonds, as authorized by the provincial people's Committee), the development assistance Fund (investment bonds), corporate (bonds guaranteed by the Government) , financial institutions, credit (bonds of local government under the authorization of the provincial people's Committee); underwriting institutions, agents and institutions, other individuals involved.

2. Bonds to be released, charged in Vietnam in the form of certificates, or journal entry, logging has credited or uncredited. The minimum denomination of the bond is 100,000; other denominations are multiples of 100,000 dong.

The Ministry of Finance regulates the content of certificate bonds to the issuer printing and distribution to the investors.

3. Bond issuance in each phase have the same release date and the payment due date be listed and traded in the securities trading center (stock exchange).

Government bonds, local government bonds are traded on the money market or discount, discount, pledge at the State Bank under the provisions of the law.

4. The financial regulation Sets the interest rate ceilings in each period to the provincial PEOPLE'S COMMITTEE Chairman, ceo (Director) issuers of options and interest rate decisions.

5. Based on the issued plans had been approved by the Finance Ministry, issuers proactively decided to release time to suit the needs of capital and the market situation.

6. Explanation of terms in this circular, the terms below are interpreted as follows: 6.1. Underwriting is the Organization guarantee help issuers implement the procedures before issuing the bonds out of the stock market, the distribution of bonds for investors, buying bonds for resale or purchase of the remaining bonds not yet distributed.

6.2. issuing agent is the Organization of release mandated for other organizations perform sell bonds to investors. The case of not selling out, held the release agent is returned of the remaining bonds for issuers.     

6.3. Assemblage of underwriting is the Group underwriting institutions there from two or more organizations join the underwriting of bonds on the basis of the contract between the institutions underwriting.

6.4. underwriting organizations is the representative organizations of the rights and obligations for the guarantee of underwriting operations with bonds issuers.

6.5. underwriting Contract is the main underwriting organization representation on the rights and obligations for the guarantee of underwriting operations with bonds issuers.

6.6. the guarantee is underwriting institutions in underwriting have equal rights and obligations in underwriting bonds with issuer.

II. SPECIFIC PROVISIONS 1. Types of bonds issued under the guarantee and the agent release 1.1. The type of bond issued by underwriting method including: Treasury bonds, bonds of the central buildings, investment bonds, Government-guaranteed bonds and bonds of local government.

1.2. The type of bonds issued according to the method of agents include: Treasury bonds, Government-guaranteed bonds and bonds of local government.

2. Objects, conditions and recognition of members of guarantee, bond release Agent 2.1. Objects, object conditions join the underwriting, agency bonds are the securities firms, investment funds, financial companies, banks and other financial institutions are the Ministry of finance approved.

Participating institutions guarantee and bond release agents must meet the following conditions: a) Have legal personality, established or operated legally under current law of Vietnam;

b) has a minimum legal capital is 22 billion Vietnam;

c) operations of five previous years Please recognize the members guarantee to release agents, with interest (except the newly established organization);

d) Vietnam Dong accounts opened in the Bank.

2.2. Recognition of members of guarantee, release agents of organizations wishing to participate in the guarantee bond release agents, must submit to the Ministry of finance the following documents: application suggest joining guarantee, bond release agents (according to the model of annex 1);

A copy of the business registration certificate or business license notarized;

Confirmation of the Bank about opening an account;

The most recent year financial report has been audited (except the newly established organization);

Other related documents.

Least 15 days after getting enough valid, legal records, the Ministry of finance have recognized text or not recognize the participants guarantee and bond release agents.

List of participants guarantee and bond release agent of the following year are announced in advance on December 15 last year.

3. Underwriting bonds 3.1. Forms of selling bonds bonds issued by underwriting method is sold under the following forms: a) the horizontal form of the denomination for the original payment bond, the interest rate once upon arrival: 100% of the sales value by bond face value bond payment amount when due is calculated according to the formula : T = MG x (1 + M) n where: T: total amount (original, interest) paid MG bond denominations: Ls: interest rate bonds (%/year) n: bond term (years) for the payment of periodic interest rate bonds: bond sale Price by 100% face value of interest paid periodically by following formula : Ls L = MG x k where: L: periodic payments interest MG: face value bonds: bond interest Ls (%/year) k: number of times interest payments in a year When due, the owner of the bond payment original amount equal to the face value of the bonds and the interest of States in the field of interest.

b) form discount sale price the bonds are determined by the following formula: MG G = (1 + M) n where: G: price bond MG: face value bonds: bond interest Ls (%/year) n: bond term (years)


When is payment due for payment by the face value of the bonds.

3.2. The process of underwriting bonds a) announce the content expected bonds issued before the date of release of bonds for at least 20 days, the issuer sends "announcement issued content" (according to the model of annex 2) for members join underwriting bonds.

Notification of the base organization, the members participate in underwriting the exploration ability to buy their bonds to investors in the form of register buy bonds (according to the model of annex 3).

b) guarantee registration and select underwriting organizations before issuing the bonds for at least 10 days, on the basis of the results of registration of bond buying investors, members participate in underwriting send "subscribe underwriting bonds" (according to the model of annex 4) to the issuer to make a base review , choose the structure guarantees and underwriting institutions.

Underwriting structure was decided for tong release under one of the following forms: A VND organisations or underwriting;

The complex underwriting one or some organizations guarantee release.

The organizations selected to underwriting bonds are held a minimum of 50% of the value of the bond guarantee will be distributed to the investors; rates, underwriting fees lower than the registered organization guarantee and located within the ceiling interest rates, underwriting fees as prescribed by the Ministry of finance. The selection of underwriting organizations should ensure the principle of saving costs to the lowest level of release of bonds (including interest and guarantee fees).

c) agreement of conditions and underwriting contract before releasing at least 7 days, the issuer held meetings to deal with members selected underwriting on the content related to the release of bonds including: interest rates, guarantee fee the volume of the bond guarantee, the minimum bond volume must be distributed to the investors, the bond sale forms and other related issues.

The resulting base agreement with underwriting institutions, issuers of signing the "contract of guarantee bonds" (according to the model of annex 5) with underwriting organizations only, or in the Organization, or organization guarantee underwriting, or copper organization underwriting cíinh. Underwriting organizations must commit to distribute at least 50% of the guarantee bond for investors in the underwriting contract bonds.

d) announced the formal content of release of bonds issued prior to the date at least 5 days, the base "contract underwriting bonds", the issuer and underwriting organizations in collaboration with the center of the securities (stock exchange) to "announce the release of bonds" (according to the model of annex 10) on the stock market.

DD) distribution of bonds for the investor base informed bonds and contract underwriting bonds signed with the issuer, underwriting organizations distribute bonds got guarantee for investors.

e) transfer money guarantee bond in on bonds, underwriting organizations to transfer the full amount of the bonds got a guarantee according to the contract on account of the issuer.

The case of the institutions underwriting slows transfer of funds to the issuer of the payment delay will be fine. The amount of the fine the payment delay is determined by the following formula: (St x Ls x 150%) P = n x 365 where:-P: number of slow payment of fines-St: slow payment amount-Ls: bond interest rate (%/year)-n: slow payment dates of the case than 5 days from the date of issuance, underwriting organizations is not enough payment bond amount guarantee then the broadcasting organization the onions will cancel the issuance of the bonds have not yet been paid and underwriting institutions be subject to a penalty equal to 5% of the amount of the unpaid amount to the issuer.

Slow payment and penalty fines due to cancellation of the bonds are transferred to the central budget (for Treasury bonds and bonds of the Central works), the local budget (for local government bonds), or organization (for investment bonds and Government-guaranteed bonds).

f) transfer of the bonds the bonds when the new release is done in the form of logging. Based on the list and the money to buy the bonds of investors by underwriting organizations sent to the issuer, the certificate of transfer of ownership of bonds (in the form of Appendix 7) to underwriting organizations. At the request of investors, underwriting organizations move lists and the certificate of possession of the bonds for custody institutions (securities firms and commercial banks are the State Securities Commission granted custody activities) to custody in the Central stock exchange (stock exchange).

The case of investors want to get a certificate bonds, depository institutions where the bond owner accounts suggest the Center stock (stock exchange) to notify the issuer to certificate. Base certificate due to the issuer, the Centre moved to the securities (stock exchange) done write down the amount of the bond log and transfer the certificate to the owner of bonds through the members save up.

4. Dealer bond release 4.1. Forms of selling bonds bonds issued through the dealer sold under the following forms: a) the horizontal form of the denomination in this way, the amount paid for the bond buyer agents issued properly by the face value of the bonds. The release date is calculated on bonds held in the pay of agents who buy bonds or receive a paper report of the Bank (in case of purchase of bonds by wire transfer).

b) form to sell higher or lower than the selling price higher than face value denominations: apply in case of actual bonds on sale arising after the date of issuing the bonds. Bond price calculation formula is as follows: (1) MG x Ls x n G = MG + 365 where: G: price bond MG: face value bonds: bond interest Ls (%/year) n: number of days from the issue date to the actual purchase date.

Lower selling price: apply in case of actual bonds on sale arising before the date of issue. Bond price calculation formula is as follows: (2) MG x Ls x n G = MG-365 where: G: price bond MG: face value bonds: bond interest Ls (%/year) n: number of days from the actual date of purchase to the date of issue.


Bonds issued in the form of higher or lower than the selling price in the same release has the same release date and the payment due date. Cases, the release date coincides with the day of selling bonds, bond price correctly by the face value of the bond.

4.2. Method of payment the payment of interest on bonds interest rate bonds issued by both forms of sale (horizontal face value and sell higher or lower than face value) are made according to the method: a periodic interest payment): bond interest paid at times determine specifically when released. When payment due bond holders are paid the original money along with interest of States in the end. 

b interest rate payments) immediately upon release: interest is paid immediately upon release and reduced in price to sell bonds. For cases of selling bonds in the form of higher or lower than the face value, reduced interest in the sale price of the bonds has to be determined according to formula (1) or (2) above.

c interest rate payment) once with the original money when due for payment.

4.3. process agent issue a) choice of agent organizations issued pursuant to the plan issued the bonds, the issuer announces the expected content of the release the bonds to the organized dealer to register the agent release.

On the basis of the results of registration, issuer selection the Organizer ensures the distribution conditions bonds and has a low release agents fees within the prescribed release fee to agents issuing bonds. The choice of resellers to ensure the principle of saving to the lowest level on the cost issue.

b) signed dealer issued before the date of the first issue of bonds for at least five days, issuers make signing the "contract bond release agents" (according to the model of Annex 8) with the release of agent organizations.

c) announced the content of the release of bonds issued prior to the date at least 3 days, the Organization released "announce the release of bonds" (according to the model of Annex 9) sent to the dealer organization issued bonds and reported on the mass media.

d) to transfer the bond issuer to transfer to the agent organization released the number of the certificate or certificate of possession of the bonds correspond to the volume of bond release agent organizations get sold right after the release of the agent contract bonds.

During the release of bonds, the release agent organization responsible for preservation of the certificate and the certificate of possession of the bonds.

The end of the release, the release agent organization organized inventory of the certificate and the certificate of possession of the bonds have not yet used the move paid the issuer. The case agency organizations released as lost or misplaced certificates and certificate of possession of the bonds must indemnify the issuer the amount correctly by the original amount plus (+) interest on the bonds is lost or misplaced when payment due.

DD) transfer of funds sold bond funds sold bond is done periodically 5 working days once. At the end of the working day Thursday, the base table to sell bonds (according to the model of annex 10) release of agent organizations moved the entire amount of the sale of the bonds in five days for the issuer.

The case of the slow release agent organizations transfer money selling bonds for issuers will be fine slow payment. The amount of the fine slow payment is determined according to the following formula: (St x Ls x 150%) P = n x 365 where: P: number of slow payment of fines St: slow payment amount Ls: bond interest rate (%/year) n: number of days of slow payments slow payment of fines was transferred to the central budget (for Treasury bonds) , the local budget (for local government bonds), or business (for Government-guaranteed bonds).

5. payment guarantee bonds and release agent when to limit 5.1. For non depository bonds with The original payments, interest on the bonds is made in issuers or agents are issuers of payment credentials. Before the date of the original payment due, interest rate 1 day of work, the financial authorities (Central, local); The Fund supports the development, financial institutions, credit the release investment bonds, corporate bonds are guaranteed Government transfer of money to the State Treasury (for other types of bonds issued by the State Treasury) or the billing agent to pay for bond owners.

5.2. The depository bond for payment of principal, interest on the bonds is made in bonds depository institutions. Before the date of the original payment due, interest rate 1 day of work, the financial authorities (Central, local); The Fund supports the development, credit, financial institutions, corporate bonds do the procedure for securities trading centre (stock exchange) to switch to the paid hosting organization directly for bond owners.

5.3. Acquisition of bonds before maturity where necessary, the issuer may make the acquisition of the bonds before maturity. The acquisition of the bonds before maturity shall be the Ministry of finance approved in writing.

6. Fees, payment of bond release 6.1. Secured payment source a) to the central budget to ensure the release fee payments, Treasury bonds and the bonds of the central work;

b) local budgets ensure release, payment of local government bonds;

c) development assistance Funds, financial institutions, credit guarantee fees, investment bond payment;

d) secured the release of free enterprise, the payment of corporate bonds guaranteed by the Government.

6.2. the release fee, payment of the bonds a) underwriting Fee maximum 0.15% bonds by bond money guarantee.

b) agent Fee maximum bonds issuance by 0.1% of the amount of bonds sold to investors.

c Fee Payment Agent) bond by 0.1% of the original amount, interest rates actually paid.

d) Fee in the payment Bond certificate for printing agency under contract.

the original money transfer costs), the interest rate on the bonds to the account at the request of the owner of the bonds by the bond owner charged with fees paid through the banking system.

7. Responsibility of the underwriting institutions and 7.1 release agents. Implementation of distributed and sold the bonds to investors in accordance with the contract guarantee and bond release agent has committed with the issuer.

7.2. underwriting organizations make the report results to sell bonds (according to the model of annex 11) for the issuer from time to time by issuer.

7.3. Management books and perform the procedures of registration, custody, listed bonds in the securities trading center (stock exchange) under the rules.

III. IMPLEMENTATION 1. This circular has the effect after 15 days from the date The report.

2. Ministers, heads of ministerial agencies, government agencies, the Chairman of the people's committees of provinces and cities under central, President (Director) the issuer and the heads of the relevant units responsible for enforcement in accordance with the instructions of this circular.


                                                                                                              Annex No 1 (NAME of ORGANIZATION GUARANTEES, agents) of the SOCIALIST REPUBLIC of VIETNAM independence-freedom-happiness ..., SINGLE day may SUGGEST RECOGNITION of MEMBERS of GUARANTEE (dealer) RELEASE BONDS dear finance i. introduction the Organization guarantee (dealer) 1. The full name of the Organization guarantee (dealer): 2. Name: 3. Capital: 4. Headquarters: 5. Phone: Fax: 6. place open account: number of TK: 7. the business registration certificate number: ... by ... on ... month ... year.

II. submit a profile: 1. Copy of business registration certificate notarized;

2. confirmation of the Bank ... about opening accounts of the Organization;

3. financial report the latest year audited (except the newly established organization);

4. Other documents (if any).

 

                                                                    NAME of ORGANIZATION GUARANTEES, agents who headed the Organization (Signed, stamped, stating the full name) of Appendix 2 (ORGANIZATION NAME) of the SOCIALIST REPUBLIC of VIETNAM independence-freedom-happiness no.:......, date NOTICE issued content...... (Name of issuer) the announce content released under bond underwriting. .. with these terms, the following conditions: 1. The volume released: 2. Duration: 3. Form bonds bonds: 4. Face value bonds: 5. Date issued: 6. bond payment due date : 7. the original method of payment, interest rate: 8. other issues related to the release: release content base mentioned above, the institutions underwriting the bonds need join underwriting bonds... "petition underwriting bonds to ... (Organization Name) before the day ... month ... year ....

 

 





Where to get: ISSUER NAME-bond BLPH institutions, the head of the organization-Save: ...



 (Signed, stamped, stating the full name)





 

 

                                                                                                             Phụ lục số 03

 





(TÊN TỔ CHỨC ĐẦU TƯ)



 



CỘNG HOÀ XÃ HỘI CHỦ NGHĨA VIỆT NAM

Độc lập - Tự do - Hạnh phúc



 





 



 



________________________________________________________________



 





 



 



. . ., ngày       tháng        năm



 




 

 

 

 

 




 

                      

ĐĂNG KÝ MUA TRÁI PHIẾU

ĐỢT . . .

(For investors)

 

Dear ... (Name of organization)

 

1. Name of Organization (individual) buy bonds: 2. business registration certificate or PASSPORT (passport) number: ... (name of Agency) ... on ... month ... year ...

3. Address: 4. Phone: Fax: 5. Sign up to buy the bonds as follows: interest rate bonds: bond volume registration: certificate form (details under each type of denomination): journal entry form log: other issues relevant to the release NAME (personal) BUY BONDS (Organization heads , đóng dấu, ghi rõ họ tên)

 

                                                                                                                     

                                                                                                             Phụ lục số 04

 





(TÊN TỔ CHỨC BẢO LÃNH)



 



CỘNG HOÀ XÃ HỘI CHỦ NGHĨA VIỆT NAM

Độc lập - Tự do - Hạnh phúc



 





 



 



 



 





 



 



. . ., ngày       tháng        năm



 




 

 

 

 

 




 

 

ĐĂNG KÝ

BẢO LÃNH  PHÁT HÀNH TRÁI PHIẾU ĐỢT . . .

 

Dear ... (Organization Name)

 

 

1. Name of organization receiving bail: 2. Name: 2. Address: 3. Phone: Fax: 5. place open deposit accounts: the number of the TK advanced posted: 6. Capital: proposed underwriting bonds waves ... with the following: 1. The volume of the bond guarantee: 2. List and registration amount to buy the bonds of individual investors : 3. The rate of the registered amount to buy the bonds of investors than bonds volume guarantee: 4. The interest rate bonds: 5. the guarantee Fee: 6. other issues related to the release: NAME of ORGANIZATION GUARANTEES the head Organization (Signed, stamped, stating the full name) of Appendix 5 of the SOCIALIST REPUBLIC of VIETNAM independence-freedom-happiness

 

 

UNDERWRITING CONTRACT BONDS number: .../HĐBL based on the Ordinance on economic contracts 25/9/1989 of the State Council;

Pursuant to Decree No. 142/2003/ND-CP dated 20/11/2003 the Government issued Government bonds, Government-guaranteed bonds and bonds of local government;

Pursuant to circular No. ... on .../2004/TT-BTC of the Ministry of Finance shall guide the guarantee and release agent in government bonds, Government-guaranteed bonds and bonds of local government.

Today, the day ... month ... year ..., in. ..

We include: i. the issuer of bonds (below called release party) Organization Name: address: account number: ...                         In: ...

Legal representative: (name, title, address) II/underwriting organizations (hereinafter referred to as guarantor) name: address: account number: ...                         In: ...

Legal representative: (name, title, address) after the two sides signed the contract underwriting bonds with the following content: article 1. The terms and conditions of the bonds 1. The volume of the bond guarantee: 2. Duration: 3. bond bond interest rates: 4. Form bonds: 5. Sale Price: 6. bonds face value bonds: 7. Date issued: 8. bond payment due date:


9. the original method of payment, interest rate: 10. Other issues related to the release: article 2. The method guarantee underwriting Party got sell at least ...% of the volume of bonds have guarantee for investors. The case of not selling out bonds has received underwriting, underwriting party is responsible for the purchase of the remaining bonds.

Article 3. Underwriting fees with ...% of the total value of the bonds has received the guarantee.

Article 4. The duration and the method of payment 1. The amount of the bond got the guarantee of 2. Underwriting fees article 5. The rights, obligations, liability of the released Parties 1. Underwriting Party requests full transfer, time bond amount receive underwriting.

2. A fine slow underwriting organizations transfer money or not enough payment bond amount receive underwriting as specified in circular No. ../2004/TT-BTC on ... the Ministry of Finance shall guide the underwriting and agency issued Government bonds, Government-guaranteed bonds and local bonds.

3. Payment of underwriting fees for underwriting Party time and number of article 6. The rights, obligations, responsibility of the underwriting Side: 1. Enjoy underwriting fees.

2. to request Parties to release the full implementation of the commitments in the contract underwriting.

3. the notifying Parties issued about progress and results to sell bonds when the required release party.

4. Transfer money bond guarantee for timely release party and number. The case of slowly transferring the money or not enough payment bond amount receive underwriting for the release Party will be penalized under the provisions of the circular. ../2004/TT-BTC on ... the Ministry of Finance shall guide the underwriting and agency issued Government bonds, Government-guaranteed bonds and local bonds.

Article 7. Other commitments ... Article 8.  Complaints, disputes All claims, disputes, breach of contract of the parties dealt by law.

Article 9. Enforceable contract has effect from the day.../.../...

This contract ends when the release Party and underwriting Party to fulfill the obligation, the liability in contract.

This contract was formed 3 a have the same value, each holding 1 a, 1 a sending State Securities Commission.

 

 

      The PARTY RELEASED the GUARANTOR (the issuer) (name of organization) representative representative (Sign, stamp, specify the name) (Signed, stamped, stating the full name) Annex 6 (ORGANIZATION NAME) of the SOCIALIST REPUBLIC of VIETNAM independence-freedom-happiness no.:......, date NOTICE issued under the guarantee of the waves of ...

 

.... (Name of organization) would like to announce the details of the issuance of bonds under the guarantee methods..., as follows: 1. release the volume: 2. Duration: 3. bond bond interest rates: 4. Form bonds: 5. bond sale form: 6. The face value of the bonds: 7. on issue 8. Bond payment due date: 9. the original method of payment, interest rate: 10. Guarantee fee: 11. Underwriting institutions, the volume of the bond guarantee of each organization: 12. Other issues related to the release: destination: name the ISSUER-the guarantee institutions PHTP, head of the Organization-TTGDCK, (Sign, stamp, specify the name)-Save ...                                                              

 

                                                                                                                  Annex 7 (ORGANIZATION NAME) of the SOCIALIST REPUBLIC of VIETNAM independence-freedom-happiness BOND OWNERSHIP CERTIFICATE owner: address: business registration certificate or PASSPORT (passport) number: ... (name of Agency) ... on ... month ... year ...

Owning the bonds. (organization name): term of ... years; the interest rate ...%/year: amount in words: release date: date of payment: ..., ..., ... in ...

 

                                                   The HEAD of the ORGANIZATION RELEASED (Signed, stamped, stating the full name) of Annex 8 of the SOCIALIST REPUBLIC of VIETNAM independence-freedom-happiness AGENT CONTRACT BONDS number: .../HĐĐL based on the Ordinance on economic contracts 25/9/1989 of the State Council;

Pursuant to Decree No. 142/2003/ND-CP dated 20/11/2003 the Government issued Government bonds, Government-guaranteed bonds and bonds of local government circular base. on ../2004/TT-BTC ... by the Ministry of Finance shall guide the underwriting and agency issued Government bonds , bonds are Government-guaranteed and local government bonds.

Today, the day ... month ... year ..., in. ..

We are: i. issued Agency (hereinafter referred to as the release Party) Organization Name: address: account number: ...                         In: ...

Legal representative: (name, title, address) II/release agent organizations (hereinafter referred to as the party release agent) name of agent release address: account number: ...                         In: ...

Legal representative: (name, title, address) after the unification, the two sides signed a contract dealer bonds with the following content: article 1. The terms and conditions of the bonds 1. Name: 2. bond bond form: 3. The face value of the bonds: 4. bond term: 5. The volume of bonds get sold dealer: 6. bond interest rates: 7. issue: time From day to day ...

8. the bond issue date: 9. bond payment due Date:


10. the original method of payment, interest rate: article 2. Release agent-party get to sell bonds for the amount release party in article 1 above. The event did not sell out of bonds got sold, on the release agent are returned to the release Party of the remaining bonds.

Article 3. Free agents released by ...% of the amount of bonds sold to investors.

Article 4. The duration and the method of payment 1. The amount of bonds sold the dealer organization 2. Release agent fee article 5. The rights, obligations, liability of the released Parties 1. The full transfer, time bond certificate and certificate of possession of the bonds to the agent's release.

2. Money transfer payment of principal, interest and bond agent costs released for full release agent side and the time specified.

3. slow release agent-party Penalty moved the money to sell bonds for the release Party as specified in circular No. ../2004/TT-BTC on ... of the Ministry of Finance on the underwriting and agency issued Government bonds, Government-guaranteed bonds and bonds of local government article 6. The rights and responsibilities of Party agents 1. Enjoy the release agent fee 2. Notify Party released information on the progress and results of selling bonds for the investor when the Party issuing the request.

3. Maintenance and safe transfer of certificate bonds and certificate of possession of the bonds to investors. The case for lost, misplaced will be handled in accordance with circular No. .../2004/TT-BTC on ... of the Ministry of Finance on the underwriting and agency issued Government bonds, Government-guaranteed bonds and bonds of local government.

4. Transfer funds to sell bonds for the release Party on time and amount. Slow transfer case money selling bonds for the release Party will be penalized in accordance with the provisions of circular No.. ../2004/TT-BTC on ... of the Ministry of Finance on the underwriting and agency issued Government bonds, Government-guaranteed bonds and bonds of local government.

Article 7. Other commitments ... Article 8.  Complaints, disputes All claims, disputes, breach of contract of the parties dealt under current rules.

Article 9. Enforceable contract has effect from the day.../.../...

This contract ends when the release Party and party agents released to fulfill the obligation, the liability in contract.

This contract was formed 3 a have the same value, each holding 1 a, 1 a sending State Securities Committee (case of bonds listed on the transaction at TTGDCK)./.

 

 

           RELEASE PARTY REPRESENTATIVE REPRESENTING the PARTY agents (Sign, stamp, specify the name) (Signed, stamped, stating the full name) Annex 9 (ORGANIZATION NAME) of the SOCIALIST REPUBLIC of VIETNAM independence-freedom-happiness no.:......, date NOTICE issued by the method of wave agent...... (name of organization) would like to announce the details of the bonds issued by the method of wave agent ... as follows: 1. release the volume: 2. Duration: 3. bond bond interest rates: 4. Form bonds: 5. Face value: 6. bonds issued time: From day to day ...

7. Release the bonds 8. Bond payment due date: 9. the original method of payment, the interest rate of 10. Free agents: 11. The release agent organization, the volume of sales of each organization receiving Agency released: 12. Other issues related to the release: Addendum No. 10 (RELEASE AGENT ORGANIZATION NAME) LISTS BONDS Waves: ...

Interest rates: ...%/year duration: ...

Form: STT, last name Serial buyer (copper) on denominations series purchase price (bronze)





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



Total:



 



 



 



 





  

                                                                                       ..., Hitt µ y ... th ... n ¸ ¨ m ESTABLISHED CONTROL PANEL the HEAD Organization (clearly they Sign, name) (clearly they Sign, name) (Signed, stamped, stating the full name) Annex 11 (NAME of ORGANIZATION) of the SOCIALIST REPUBLIC of VIETNAM independence-freedom-happiness _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ..., on may report the results of the sale of bonds issued under the guarantee of the waves of ...

 

 

Dear ... (organization name)

 

 

The volume of the bond guarantee is .... Of which: number of bonds sold to investors is the ... Council, by ...% bond guarantee.

Of the remaining bonds (underwriting organization name) holding ... copper, with ...% of the bond guarantee.

Specifically the following: STT owner bonds (1) Business Number or address ID (passport) (2) the Agency and the time granted bond amount owned (copper)





 



 



 



 



 



 





 




 



 



 



 



 





 



 



 



 



 



 





 



 



 



 



 



 





 



...



 



 



 



 





 



Total: HEADS of INSTITUTIONS (Signed, stamped, stating the full name) Notes: (1) the owner of bonds including underwriting organizations.

(2) Business: business registration certificate.