BSP Circulars BSP Circular No. 461BSP Circular No. 461 2004-11-17T00:00:00.000+08:00
Terms of time deposits
CIRCULAR NO. 461 Series of 2004
Pursuant to Monetary Board Resolution No. 1583 dated 28 October 2004, which authorized the removal of the minimum term of time deposits accepted/offered by banks, Section X231 of the Manual of Regulations for Banks is hereby amended to read as follows:
"X231 Term of Time Deposits. Time deposits shall be issued for a specific period of term."
This Circular shall take effect immediately.
FOR THE MONETARY BOARD:
AMANDO M. TETANGCO, JR. Officer-in-Charge
同类文件 BSP Circulars
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