Investments in peso time deposits referred to under Item 1 of Circular No. 224 dated 26 January 2000
3an 20 o nas
INTERNATIONAL DEPARTMENT
CIRCULAR-LETTER NO. CL-2007 - _ 052
To All Banks and Non-bank Financial Institutions Authorized to
engage in Trust Business
This is to clarify that investments in peso time deposits referred to under Item 1 of Circular No. 224 dated 26 January 2000 do not include
under Circular No. 566 dated 3 May 2007 and Memorandum No. M-2007-011 Special Deposit Accounts (SDAs) with the BSP through banks' trust entities
to engage in trust business. Thus, foreign funds placed in said SDA facility are dated 8 May 20o7 to all banks and non-bank financial institutions authorized
not eligible for registration as foreign investments.
CELIA M. GONZ&LEL Cai h.
Managing Director
H October 2007
PANANALAPING MATATAG, BANSANG PANATAG
.. Mabini St.. Malate 1004. Manila. Philippines Trunkline (632) 524-70-11 URL:www.bsp.gov.ph e-mail: [email protected]
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