Decision No. 894/2001/QD-NHNN on the exchange rate applied by the State Bank when reselling US Dollars to banks conducting foreign currency swap transactions pursuant to Decision No. 893/2001/QD-NHNN dated July 17, 2001 of the Governor of the State Bank regarding the implementation of foreign currency swap transactions.

DECISION OF THE GOVERNOR OF THE STATE BANK OF VIETNAM

Regarding the exchange rate applied by the State Bank when reselling US Dollars to banks conducting foreign currency swap transactions pursuant to Decision No. 893/2001/QĐ-NHNN dated July 17, 2001 of the Governor of the State Bank on the implementation of foreign currency swap transactions

between the State Bank and banks to meet the short-term capital needs of the banks

The exchange rate applied by the State Bank when reselling US Dollars to banks conducting foreign currency swap transactions shall be the selling spot exchange rate of the State Bank on the date of signing the foreign currency swap contract (or on the date of confirming the foreign currency swap transaction through the REUTERS network) plus the specified increase rate for each specific term as follows:

0.80% of the selling spot exchange rate of the State Bank on the date of signing the foreign currency swap contract (or on the date of confirming the foreign currency swap transaction through the REUTERS network) for the 7-day term.

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 of state management of ministries and ministerial-level agencies;

Pursuant to the proposal of the Director of the Monetary Policy Department,

DECISION:

Article 1. 0.85% of the selling spot exchange rate of the State Bank on the date of signing the foreign currency swap contract (or on the date of confirming the foreign currency swap transaction through the REUTERS network) for the 15-day term.

1.00% of the selling spot exchange rate of the State Bank on the date of signing the foreign currency swap contract (or on the date of confirming the foreign currency swap transaction through the REUTERS network) for the 30-day term.

1.35% of the selling spot exchange rate of the State Bank on the date of signing the foreign currency swap contract (or on the date of confirming the foreign currency swap transaction through the REUTERS network) for the 60-day term.

1.70% of the selling spot exchange rate of the State Bank on the date of signing the foreign currency swap contract (or on the date of confirming the foreign currency swap transaction through the REUTERS network) for the 90-day term.

The Heads of the Office, the Department Heads of Monetary Policy Department, Foreign Exchange Management Department, Credit Department, Trading Department of the State Bank, Accounting and Finance Department, Heads of relevant units at the Central State Bank, General Directors (Directors) of participating banks in foreign currency swap transactions with the State Bank are responsible for implementing this Decision./.

1.70% of the spot selling exchange rate of the State Bank of Vietnam on the date of signing the foreign currency swap contract (or on the date confirming the foreign currency swap transaction through the REUTERS network) for the 90-day term.

Article 2. This Decision shall take effect from the date of signing.

Article 3. The Head of the Office, the Director of the Monetary Policy Department, the Director of the Foreign Exchange Management Department, the Director of the Credit Department, the Director of the Trading Department of the State Bank of Vietnam, the Director of the Accounting and Finance Department, the Heads of relevant units at the Central Bank, and the General Directors (Directors) of banks participating in foreign currency swap transactions with the State Bank of Vietnam are responsible for implementing this Decision./.