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The following types of securities are issued and circulate on the state SECURITIES market: - treasury bonds (TB)
- state bonds (SB)
GS (government securities)- means a form of the state debt, representing a short, medium or long term loan contract with the value, expressed in the national or other legitimate currency, between the Republic of Moldova as a debtor and an individuals or legal entities as creditors. The issuance of GS is implemented by the Ministry of Finance of the Republic of Moldova in the form Treasury Bonds, Cash Management Bills and State Bonds with the nominal value of 100 lei. (Regulations of the NBM "On the electronic system of records in accounts of immaterial government securities" No..9/08 of 02.02.1996, Regulations of the NBM "On the open market operations of the National Bank of Moldova" No..57 of 11.09.1997)
TREASURY BONDS - GS issued with a discount and redeemed at maturity at their nominal value, with the term of circulation constituting 28, 91, 182, 273, or 364 days.
cash management bills – GS issued with a discount and redeemed at maturity at their nominal value, with the maturity not less than one day and not more than 364 days, the term of circulation is indicated in the official Communiqué on Issuance of GS.
STATe BONDs – government securities with the term of 365 days or more, with the fixed or floating interest rate, which is paid periodically by the issuer, according to conditions of the issuance, and redeemed at their nominal value at maturity. State bonds can be sold at their nominal value or at a price lower than nominal (with a discount) or higher than nominal (with a premium).
Victoriabank offers TO PERSONS concerned: - Consultations on the current situation on the SS market and on implementing transactions with SS;
- Purchase of SS on the auctions;
- Brokerage services on sale/purchase of SS on the secondary SS market;
- All types of operations secured by SS, including lending operations and REPO;
- Services on execution of documents, necessary to carry out SS transactions.
Note: the brokerage commissions are not charged in case of sale by a Client of state securities.
1. Victoriabank has the right to modify the rates subject to prior notification of Clients.
2. Victoriabank is entitled to charge special and/or additional commissions, the rate of which will be determined by the volume of additional work performed and/or by unforeseeable circumstances.
3. Commissions and expenses of Victoriabank, paid by third persons according to indications of Clients, are charged off the Clients’ accounts in cases when the above payments can not be paid by such third persons for the reasons, which do not depend on Victoriabank.
4. Taxes, applied in compliance with the legislation of the Republic of Moldova, are not included in the price of services, and are paid by the Client additionally, except the cases stipulated additionally.
5. In compliance with the Law No. 1164/24.04.1997 “On the Enforcement of Sections I and II of Fiscal Code”, interest yields from state securities are not taxable until January 1, 2015.
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