BSP Circular Letters BSP Circular Letter No. CL-2007-052BSP Circular Letter No. CL-2007-052 2007-10-11T00:00:00.000+08:00

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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