BSP Circulars BSP Circular No. 1325BSP Circular No. 1325 1992-01-29T00:00:00.000+08:00
Interest Rate on Foreign Currency Deposits of Banks with the Central Bank Under the Foreign Exchange Clearing and Settlement System
CBP CIRCULAR NO. 1325 Series of 1992
INTEREST RATE ON FOREIGN CURRENCY DEPOSITS OF BANKS WITH THE CENTRAL BANK UNDER THE FOREIGN EXCHANGE CLEARING AND SETTLEMENT SYSTEM
The application interest rate on foreign currency deposits of banks with the Central Bank under the Foreign Exchange Clearing and Settlement System, as provided under Circular No. 1300 dated 29 July 1991, is hereby adjusted from 4% p. a. to 2-½% p.a., effective 31 January 1992.
This Circular shall take effect on 31 January 1992.
JOSE L. CUISIA, JR. Governor
More in BSP Circulars
- Amendment to Regulations on Single Borrower's Limit(BSP Circular No. 700)
- Amendment of Risk-Based Capital Adequacy Framework to Allow Qualification of Hybrid Tier 1 Instruments(BSP Circular No. 503)
- Special Deposit Account (SDA) as Eligible Alternative Compliance by Banks for the Liquidity Floor Requirement on Government Deposits(BSP Circular No. 566)
- Enhanced Corporate Governance Guidelines for BSP-Supervised Financial Institutions(BSP Circular No. 969)
- Amendments to Pertinent Regulations on Rediscounting Availments, and Emergency Loans or Advances to Banking Institutions(BSP Circular No. 1008)
- To include investments in the clearing house companies such as the Philippine Clearing House Corporation and the Philippine Central Depository, Inc. as Non-Financial Allied Undertakings of banks(BSP Circular No. 84)
- Amendments to the Manual of Regulations for Banks re allowing motor car insurance among the non-life insurance products which banks may market/cross-sell(BSP Circular No. 401)
- Loans secured by the National Food Authority's Palay Negotiable Warehouse Receipts(BSP Circular No. 385)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.