Decision No. 495/2000/QĐ-NHNN stipulates that the basis for calculating interest for deposits and loans in US dollars at credit institutions shall be based on 360 days in a year, replacing the previous regulations.
적용 범위
State Bank of Vietnam, credit institutions
핵심 사항
- Credit institutions → must calculate interest for deposits and loans in US dollars based on 360 days in a year (Article 1)
- This Decision replaces the provisions regarding the basis for calculating interest at point 4 of Circular No. 854/CV- of the Governor of the State Bank concerning SIBOR interest rates (Article 2)
- This Decision takes effect from December 1, 2000
- Heads of units under the State Bank of Vietnam, Branch Directors of the State Bank of Vietnam in provinces and cities, and Chairmen of the Board of Directors, General Directors (Directors) of credit institutions shall be responsible for implementing this Decision
- This Decision does not specify the interest rate levels for loans or deposits in US dollars
🌐 이 문서의 사회적 영향
- Positive impact: Establishes a unified basis for calculating interest, facilitating credit institutions and customers to easily predict and manage cash flows.
- Negative impact: May cause difficulties for organizations unfamiliar with using 360 days in interest rate calculations.
❓ 자주 묻는 질문
When does this Decision apply?
From December 1, 2000
How many days are used for calculating interest in a year?
360 days
What regulation does this Decision replace?
Replaces the provision regarding the basis for calculating interest at point 4 of Circular No. 854/CV- of the Governor of the State Bank concerning SIBOR interest rates
Who is responsible for implementing this Decision?
Heads of units under the State Bank of Vietnam, Branch Directors of the State Bank of Vietnam in provinces and cities, and Chairmen of the Board of Directors, General Directors (Directors) of credit institutions
Does this Decision specify interest rate levels?
No, the Decision only specifies the basis for calculating interest as 360 days in a year.
전문
DECISION OF THE GOVERNOR OF THE STATE BANK OF VIETNAM
Regarding the number of days for interest calculation in one year for
deposits and loans denominated in US dollars
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Civil Code of the Socialist Republic of Vietnam dated November 9, 1995;
Pursuant to the Law on the State Bank of Vietnam and the Law on Credit Institutions dated December 12, 1997;
Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of Ministries and ministerial-level agencies;
At the proposal of the Head of the Monetary Policy Department,
DECISION:
Article 1 The number of days for interest calculation in one year for deposits and loans denominated in US dollars by credit institutions to customers shall be 360 days.
Article 2
1. This Decision takes effect from December 1, 2000 and replaces the provisions regarding the basis for interest calculation at Point 4 of Circular No. 854/CV- dated September 6, 2000 of the Governor of the State Bank of Vietnam on the Singapore Interbank Offered Rate (SIBOR) for setting the interest rate on US dollar loans by credit institutions to customers.
2. Heads of units under the State Bank of Vietnam, Governors of provincial and municipal branches of the State Bank of Vietnam, Chairmen of the Board of Directors and General Directors (Directors) of credit institutions are responsible for implementing this Decision.
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