Product features & benefits of investors

PRODUCT FEATURES

Categories	Certificate of Deposit	Term Deposit
Issuers	VPBANK SMBC FINANCE COMPANY LIMITED (VPB SMBC FC – FE CREDIT brand)
Types of Customers	-Residents being organizations -Non-residents being organizations including: Diplomatic missions, consulates, representative bodies of international organizations in Vietnam; representative offices, project offices of foreign organizations in Vietnam;
Formality	Sign the contract(s) and issue Certificate of Deposit	Sign the contract(s)
Amount	1,000,000 VND/Certificate of Deposit (min 50,000,000 VND/deal)	Min 50,000,000 VND
Terms	01 – 36 months
Interest Rate	Competitive, outstanding
Payment method of principal and interest	Interest is paid on the issue date, or maturity date, or periodically by month/quarter/year based on the agreement between FE CREDIT and the Investor The principal is paid on maturity date
Advantages	Transferable Can withdraw prematurely under agreement between the holder of Certificate of Deposit and FE CREDIT Can pledge and discount certificate of deposit to borrow capital from credit institutions	Can extend the tenor of Term Deposit Can withdraw prematurely Can pledge to borrow money from credit institutions
Application for registration	1. Establishment license/Operation license/Business registration certificate or other equivalent documents 2. Seal sample registration certificate 3. Identification Card/ Valid passport (certified copy) of the legal representative and authorized person (if any) 4. Authorization document (applicable when the person performing the transaction/signing the transaction record is the authorized representative) 5. And other legal documents as required by FE CREDIT, in accordance with the provisions of law
Checking account balance	Can check the account balance of term Certificate of Deposit and/or Term Deposit after registering an online account with FE CREDIT register form.

PROCEDURE OF TAKING AND PAYOUT OF TERM DEPOSIT

Procedure of taking term deposit

CUSTOMER

(Investor)

Read Term deposit product

Provide and update legal document

Sign the Term deposit contract

Transfer money

FE CREDIT (VPB SMBC FC)

Internal operations

FE CREDIT provides information and guide Customer to read Term Deposit product of FE CREDIT including contract sample, product features and other information before making transactions.

Customer provides the legal documents, FE CREDIT updates Customer’s information in accordance with provisions of FE CREDIT and Law

(2a) Customer who have had transaction with FE CREDIT:

Updated legal documents and information (if any);
Term Deposit Contract.

(2b) Customer having first transaction with FE CREDIT:

Customer information declaration for entity/Company/Financial Institution;
Legal documents of legal indentity (see also “PRODUCT FEATURES”, section “TD Application for registration”).
Term Deposit Contract.

FE CREDIT and Customer sign the Term Deposit Contract.

Customer transfers money from the customer’s current account opened in any other credit institution to carry out term deposit transaction in accordance with agreement in Term Deposit Contract.

After receiving the full amount of deposit, FE CREDIT will record in accounting book of term deposit. Other procedures will be followed in accordance with provisions of FE CREDIT and Law.

Payout of term deposit

CUSTOMER

(Investor)

Make payment

FE CREDIT (VPB SMBC FC)

CUSTOMER SEND NOTIFICATIONS TO FE CREDIT BY PHONE CALL OR EMAIL OR DOCUMENT

Check, collect Customer information, transaction information with data stored by FE CREDIT before making payment.

Check, update, change the standard settlement instructions, transaction status as Customer’s request and/or a third party (if any)

Make payment of principal / interest / principal and interest for Customer

Record in accounting book of term deposit payment

FE CREDIT (VPB SMBC FC)

FE CREDIT DOES NOT RECEIVE ANY NOTIFICATIONS FOR MATURE TRANSACTIONS

Case 1: Roll-over the mature transaction

Case 2: Make payment of principle and interest (if any) to the customer’s current account if customer does not meet the requirements for the roll-over transaction in accordance with provisions of FE CREDIT and Law

Record in accounting book of roll-over the mature transaction

Record the payment of term deposits in accordance with FE CREDIT and Law

Sample of Term Deposit Contract (Here)

CERTIFICATE OF DEPOSIT ISSUANCE & PAYMENT PROCESS

CD ISSUANCE

CUSTOMER

(Investor)

Research information

Provide and update dossiers as per regulations

Signing CD contract

Make money transfers

FE CREDIT (VPB SMBC FC)

Internal operations

FE CREDIT provides information and guides customers. Customers read and investigate the FE CREDIT’s Certificate of Deposit including sample contracts, product characteristics and other information before making a transaction.

Customers provide or update legal documents as prescribed to serve the identification and updating of customer information in accordance with FE CREDIT and relevant laws

(2a) Customer who have had transaction with FE CREDIT:

Update legal documents (if any);
Certificate of Deposit contract (according to sample form).

(2b) Customer having first transaction with FE CREDIT:

Information declaration for customers who are organizations/ businesses/ financial institutions (according to FE CREDIT form);
Documents proving legal status (see also in the section “PRODUCT CHARACTERISTICS”, section “CD Application for registration”).
Certificate of Deposit contract (according to sample form).

FE CREDIT and customer sign CD contract.

The customer transfer money from their account opened at other credit institutions to make transactions in accordance with the contents agreed in the CD contract.

After receiving the full amount from customer, FE CREDIT will conduct the accounting book, issuance and transfer of the Certificate of Deposit to customer, and carry out other procedures in accordance with FE CREDIT and relevant laws from time to time.

CD PAYMENT

(VPB SMBC FC)

Check the comparision of customer information, transaction information with FE CREDIT's stored data before making payment

Check, update, change the standard settlement instructions, transaction status as Customer’s request and/or a third party (if any)

Make payment of principal / interest / principal and interest for Customer

CUSTOMER

(Investor)

Record transaction of payment in accounting book

Sample of Certificate of Deposit (Here)

BENEFITS FOR INVESTORS

Optimizing profits from idle money with fixed and outstanding interest rates in highly volatile market conditions;
Maximum flexibility on deposit terms;
Supporting investors in solving the shortage of short term capital needs by pledging Deposit Contracts to get loans and guarantees from Third Parties
Simple procedure, fast and accurate trading time;
Ensuring information safety and security.