Decision No. 412/2002/QD-NHNN of the State Bank of Vietnam stipulates the use of bank codes in the inter-bank electronic payment system. This decision applies to organizations participating in the electronic payment system and service providers.
Scope of application
Credit institutions, State Treasury with accounts at the State Bank of Vietnam, member units registering to participate in the inter-bank electronic payment system, and service providers.
Key points
- Credit institutions and State Treasury with accounts at the State Bank of Vietnam shall use the set of bank codes established under Decision No. 59/2000/QD-NHNN2 to participate in the inter-bank electronic payment system.
- The Banking Technology Information Center will review and issue additional unit codes for members who do not have codes when registering to join the electronic payment system.
🌐 Social impact of this document
- Positive impact: Helps improve management, supervision, and payment efficiency in the banking system, reduce transaction costs and processing time.
- Negative impact: May cause difficulties for organizations without bank codes to join the system.
❓ Frequently asked questions
Which organizations can use the set of bank codes?
Credit institutions, State Treasury with accounts at the State Bank of Vietnam, and member units registering to participate in the inter-bank electronic payment system.
When does this decision take effect?
This decision takes effect from the date of signing, specifically April 25, 2002.
What tasks will the Banking Technology Information Center perform?
The Banking Technology Information Center will review and issue additional unit codes for members who do not have codes when registering to join the electronic payment system.
How does this decision apply to service providers?
Service providers must register to join the inter-bank electronic payment system and use the assigned bank codes.
Can organizations without bank codes join the electronic payment system?
Yes, the Banking Technology Information Center will review and issue additional unit codes for members who do not have codes when registering to join the electronic payment system.
Full text
Pursuant to …;
Regarding the issuance of Bank Codes in the electronic payment system
among banks
_______________________
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 dated December 12, 1997;
Pursuant to the Government Decree No. 15/CP dated March 2, 1993 on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies;
Pursuant to Decree No. 64/2001/NĐ-CP dated September 20, 2001 of the Government on payment activities through service providers;
Pursuant to Decision No. 44/2002/QĐ-TTg dated March 21, 2002 of the Prime Minister on the use of electronic documents as accounting vouchers for accounting and capital transactions of service providers in the payment system;
Pursuant to Decision No. 59/2000/QĐ-NHNN2 dated February 22, 2000 of the Governor of the State Bank of Vietnam promulgating regulations on the bank code system, credit institutions and State Treasury offices having accounts at the State Bank of Vietnam for direct payment transactions;
Pursuant to Decision No. 309/2002/QĐ-NHNN dated April 9, 2002 of the Governor of the State Bank of Vietnam on the issuance of the Inter-bank Electronic Payment Regulations;
At the proposal of the Director of the Banking Information Technology Department,
Pursuant to …;
Article 1. Permitting the use of the Bank Code system established pursuant to Decision No. 59/2000/QĐ-NHNN2 dated February 22, 2000 of the Governor of the State Bank of Vietnam for the inter-bank electronic payment system.
Article 2. Based on the basic codes already issued, the Banking Information Technology Department shall review and cross-check the list of members and sub-units registered to participate in the inter-bank electronic payment system, and issue additional unit codes as necessary.
Article 3. This Decision shall take effect from the date of signing.
Article 4. The Heads of the Office, the Director of the Banking Information Technology Department, the Heads of units under the State Bank of Vietnam, the Governors of the State Bank of Vietnam branches in provinces and centrally-administered cities, and the General Directors (Directors) of service providers in the payment system are responsible for implementing this Decision.
DEPUTY DIRECTOR
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