Công văn số 2241/NHNN-QLNH về việc các Tổ chức tín dụng báo cáo hoạt động Sàn giao dịch vàng do Ngân hàng Nhà nước Việt Nam ban hành

To: - Credit institutions

The State Bank of Vietnam is coordinating with relevant Ministries, industries to draft provisions on operation management of Gold Trading Centers. In order to summarize business activities related to gold trading centers of credit institutions (CIs), the State Bank would like to request:

1. CIs that directly open gold trading centers

a. To make specific report as follows:

- Name of the gold trading center, time of opening the gold trading center, official operating time.

- Legal grounds, form (to establish company, subsidiary unit, etc)

- Method of transaction, operational process, process of accounting, risk management

- Number of customers as of the time of drawing report (clearly stating the number of customers being organizations, individuals)

- Monthly average trading turnover from the operating time to the reporting date, the highest, lowest daily trading turnover.

b. To provide such related documents as

- Operation regulations, establishment decisions

- Contract forms entered into with customer

2. CIs which take part in joint-venture, associated activity and provide services to gold trading centers to make report about following contents:

- Partners taking part in opening the Gold Trading Center, joint venture, association mechanism

- Roles of CIs in organization, operation of Gold Trading Center

- Services supplied by CIs for operation of Gold trading centers

3. CIs mentioned in point 1 and point 2 of this Official Dispatch must seriously comply with prudential ratios in operation under current provisions.

4. As of the time of issuing this document, the State Bank would like to require CIs which have not engaged in such activities as stipulated in point 1 and point 2 not to carry out these activities till the State Bank issues specific guiding document.

5. Reports by CIs and related documents shall be sent to the State Bank (via Foreign Exchange Control Department) prior to 10 April 2009, it is possible to send reports in advance per fax: 04 39 343 468 or 04 39 367 692. By the end of 10 April 2009, if any CI does not send report, it shall be construed that the CI is not engaging in such activities as stated in point 1 and 2 of this official dispatch.

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