Amendment to the Guidelines on the BSP Rediscounting Facility
CIRCULAR NO. 679 Series of 2010
Pursuant to Monetary Board Resolution No. 9 dated 07 January 2010, the provision of Item a, Subsection (§) X269.6 of the Manual of Regulations for Banks, covering the guidelines on the Bangko Sentral ng Pilipinas (BSP) Rediscounting Facility is hereby amended as follows:
x x x
§ X269.6 Rediscount/Lending Rates and Liquidated Damages. The rediscount rates for peso, dollar and yen loans shall be as follows:
a. Peso Rediscounts
Based on the applicable BSP overnight reverse repurchase (RRP) rate
x x x
Effectivity. This Circular shall take effect on 01 February 2010.
FOR THE MONETARY BOARD:
ARMANDO L. SURATOS Officer-in-Charge
More in BSP Circulars
- Risk-based Recalibration of Enhanced Due Diligence (EDD) Threshold for Large Value Cash Transactions(BSP Circular No. 1230)
- Guidelines on the Independent Review Mechanism for Resolution of Issues Arising from Bank Examinations(BSP Circular No. 1225)
- Revised Features of Monetary Operations under the Interest Rate Corridor (IRC)(BSP Circular No. 913)
- Guidelines for the Distribution of Unit Investment Trust Funds (UITFs) of Trust Corporations; and Amendments to the Regulations Governing the Establishment of Branches and Marketing Offices of Trust Corporations(BSP Circular No. 1097)
- Amendments to Regulations on Relocation and Voluntary Closure/Sale of Branches/Other Banking Offices(BSP Circular No. 783)
- Amended Branching Policy and Guidelines(BSP Circular No. 624)
- Amendments to Regulations on Non-Performing Loans(BSP Circular No. 772)
- Rules and regulations for the establishment of branches/ loan collection and disbursement points of microfinance-oriented banks(BSP Circular No. 340)
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.