To curb undue speculative interest arbitrage which contributes to distortions and volatility in the foreign exchange market
CIRCULAR NO. 36 Series of 1994
Pursuant to Monetary Board Resolution No. 686 dated July 28, 1994, in order to curb undue speculative interest arbitrage which contributes to distortions and volatility in the foreign exchange market, all forward transactions to purchase foreign exchange from non-residents (including offshore banking units), including renewals thereof, shall be submitted for prior clearance by the Bangko Sentral ng Pilipinas.
Applications for such clearance shall be coursed through the Foreign Exchange Department of the Bangko Sentral, and actual transactions duly reported on Form 01, Schedule 9.
This Circular shall take effect on July 29, 1994 and shall be reviewed within a period of three (3) months.
GABRIEL C. SINGSON Governor
同类文件 BSP Circulars
- The New Digital Manual of Regulations for Banks (MORB) as of 31 December 2017 (re-uploaded)(BSP Circular No. 1028)
- Guidelines on Outsourcing of Services by Electronic Money Issuers (EMIs) to Electronic Money Network Sevice Providers (EMNSP)(BSP Circular No. 704)
- Extension of Transitory Provisions of Circular No. 423, Series of 2004, as Amended by Circular No. 514 dated 06 March 2006 (Loans, Other Credit Accommodations and Guarantees to Directors, Officers, Stockholders and their Related Interests (DOSRI)(BSP Circular No. 532)
- Allowing the inclusion of procurement services among the activities which may be outsourced by banks without prior Monetary Board approval(BSP Circular No. 408)
- Amendment to the Framework for Dealing with Domestic Systemically Important Banks(BSP Circular No. 1148)
- Rules and Regulations for the Recognition and De-recognition of Microfinance Institution Rating Agencies(BSP Circular No. 685)
- Amending Subsections X361.5 and X361.7, Manual of Regulations for Banks, on the Granting of Housing Microfinance and Micro-Agri Loans(BSP Circular No. 817)
- Reduction in the statutory/legal reserve requirements for peso demand, "NOW", savings, time deposit liabilities and deposit substitutes of universal banks, commercial banks, thrift banks, rural and cooperative banks, and quasi-banks(BSP Circular No. 632)
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。