Summary.
The Cabinet decree regulates Treasury bills as public debt securities, including their interest, maturity, and payment. The bills are bearer instruments subject to the provisions cited in the decree.
What it covers.
- The status of Treasury bills as bearer instruments.
- The interest rate on the bills.
- The maturity and payment of principal and interest.
Who it applies to.
- The Executive Branch as issuer of the Treasury bills.
- Holders of Treasury bills.
Key points.
- Treasury bills are bearer instruments and bear interest at an annual rate of 3%.Art. 2
- The bills are issued with a maturity of three months; principal and accrued interest are paid at maturity.Art. 3
- The authorized bills are subject to the Cabinet decrees and executive decree cited in the article.Art. 4