Name
Certificate Treasury Bonds
Introduction
1. Certificate treasury bond means the country, instead of printing physical voucher, adopts a mode of filling in Payment Collection Voucher For Certificate Treasury Bonds Of the People's Republic of China to issue such savings government bonds to the public through the Ministry of Finance. Issued by the Ministry of Finance on behalf of Central People's Government, Certificate Treasury Bonds is a kind of national debt arranged to use according to macroeconomic policy and its issuance is also a financing activity guaranteed by state credit. Certificate treasury bonds can be entirely rather than partially withdrawn before maturity. (For details, please refer to each issuance instructions.)
2. Certificate Treasury Bonds has the highest credit rating. Compared with savings deposit on the basis of bank credit, although certificate treasury bonds is also sold through counter of commercial bank and postal savings station, it represents state credit and belongs to a type of zero-risk investment instrument.
3. Certificate treasury bond shall set RMB 100 as the starting point and is sold by an integral multiple of RMB 100. As a kind of registered treasury bond, the services of loss report, premature collection are provided with the bond, but the bond is not negotiable or transferred. Real-name system is adopted for the sales department of individual customers. For the specific methods for transaction, please refer to the Individual Deposit Account System Rules issued by the State Council. Certificate treasury bond can be used for pledged loans.
4. The interest rate of certificate treasury bond is implemented in accordance with the interest rate stipulated by the Ministry of Finance and People's Bank of China. During the issuing period, interests of the certificate treasury bond purchased by investors shall be calculated upon the purchase date. The principal and the interest shall be paid by one shot at maturity with no taxes on interests. Compound interests shall not be calculated and no interests shall be calculated on overdue conditions. If there are any adjustments to the bank's deposit interest rates during the issuing period, interest rates of the certificate treasury bond shall be adjusted simultaneously according to the percentages adjusted by the bank’s deposit interest rates. On conditions of premature collection of the graded interest rates, the fees for collection and other relevant services shall be charged by the specific stipulations of the Ministry of Finance.
5. Certificates of deposit of certificate treasury bond can also be issued like those of term deposit receipt.
Target Customers
Customers can purchase certificate treasury bond with valid identity documents stipulated by the real-name system. In addition, certificate treasury bond can also be sold to companies, organizations and public groups.
Process
Customers should go to the specified outlet of Certificate Treasury Bond for purchase or premature collection upon maturity with his own valid ID document (ID papers of both parties shall be held if by proxy). For certificate treasury bond transaction before maturity, client must go to the original account holding bank to cash out such bond with ID papers on his own, and when such transaction is handled by proxy; both parties shall provide respective valid ID documents.
Kind Reminder
While collecting prior to maturity, please inquire local service phone at 95566 or outlet of Bank of China for relevant interest rate information.
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