Decision No. 674/2002/QD-NHNN Regarding the permission for six units of the State Bank to directly participate in the Interbank Electronic Payment System and to use Interbank Settlement Accounts to record mutual fund transfers through the Interbank Electronic Payment System.

DECISION OF THE GOVERNOR OF THE STATE BANK OF VIETNAM

Regarding permission for six units of the State Bank to directly participate in

the Interbank Electronic Payment System using interbank settlement accounts

to record mutual fund transfers through the Interbank Electronic Payment System

through the Interbank Electronic Payment System

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 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;

To manage, inspect, and supervise the Interbank Electronic Payment System activities of the State Bank;

At the proposal of the Director of the Accounting and Finance Department of the State Bank,

DECISION:

Article 1

1. Permission is granted for six units of the State Bank to directly participate in the Interbank Electronic Payment System, including: Trading Department; Hanoi Branch; Ho Chi Minh City Branch; Da Nang Branch; Hai Phong Branch; and Can Tho Branch, to use Account 52 Interbank Settlement in the accounting system of the State Bank issued pursuant to Decision No. 425/1998/QĐ-NHNN2 dated December 17, 1998 of the Governor of the State Bank to record mutual fund transfers through the Interbank Electronic Payment System.

2. Mutual fund transfers through the Interbank Electronic Payment System between the six units mentioned in Clause 1 of this Article include: fund transfers related to the business operations of the State Bank or payment and capital transfer activities of banks, credit organizations, and the National Treasury through deposit accounts at the State Bank.

Article 2. The Accounting and Finance Department is assigned to guide the opening of detailed accounts; content of recording, inspection, and supervision on these accounts; reporting and settlement of interbank settlements of the six units mentioned in Clause 1, Article 1 in accordance with current regulations on electronic fund transfers within the State Bank system and the Interbank Electronic Payment System.

Article 3. This Decision shall take effect from the date of signing.

Article 4. The Head of the Office, the Director of the Accounting and Finance Department, the Director of the Information Technology Department of the State Bank, the Director of the Trading Department of the State Bank, the Heads of units under the State Bank, the Directors of branches of the State Bank in Hanoi City, Ho Chi Minh City, Hai Phong City, Da Nang City, and Can Tho Province are responsible for implementing this Decision./.