To further increase the liquidity reserve requirement against peso denominated common trust funds (CTF) and trust and other fiduciary activities (TOFA)
MEMORANDUM Series of 2001
To : All Commercial Banks and Non-Bank Financial Intermediaries Performing Trust, Other Fiduciary Business and Investment Management Activities
The Monetary Board in its Resolution No. 1229 dated August 9, 2001, further increased the liquidity reserve requirement against peso denominated common trust funds (CTF) and trust and other fiduciary activities (TOFA) – Others of all universal banks (UBs) and commercial banks (KBs) and non-bank financial intermediaries with trust license by another two (2) percentage points from 10% to 12%. The regular reserve requirements are maintained at 6%.
The liquidity reserve may be held in the form of short-term market-yielding government securities purchased directly from the Bangko Sentral Ng Pilipinas (BSP) – Treasury Department, pursuant to Circular 10 dated December 29, 1993.
This Memorandum shall take effect on August 10, 2001.
FOR THE MONETARY BOARD
RAFAEL B. BUENAVENTURA Governor
同类文件 BSP Memoranda
- Guidelines on the Electronic Submission of the Biographical Data(BSP Memoranda No. M-2019-027)
- Guidelines on the Electronic Submission of the Financial Reporting Package (FRP) in Relation to Recently Issued Regulation(BSP Memoranda No. M-2016-008)
- Data Breach Prevention and Control(BSP Memoranda No. M-2021-043)
- MB Resolution No. 1306 dated 09 August 2012 Placement of the Rural Bank of Taft (Eastern Samar), Inc. Under Receivership(BSP Memoranda No. M-2012-041)
- Anti-Money Laundering Council (AMLC) Resolution No. 8 dated November 5, 2001(BSP Memoranda No. M11132001A)
- To prohibit the MUNICIPAL RURAL BANK OF DEL GALLEGO (CAMARINES SUR), INC.(BSP Memoranda)
- Reminder to Ensure Availability of Financial Services During the Modified Enhanced Community Quarantine (MECQ) Period(BSP Memoranda No. M-2020-062)
- Temporary Relaxation of Implementation of Know Your Customer (KYC) Requirement - Non-Presentation of Identification Document in Processing Transactions of Victims of Super Typhoon Yolanda(BSP Memoranda No. M-2013-052)
想要这份文件的分析？
让 ASG 法律 AI 为你总结、与其他判例对比，或说明它如何适用于你的情形 — 它检索的正是同一个数据库。