BSP Circular Letters BSP Circular LetterBSP Circular Letter 1997-12-24T00:00:00.000+08:00
Compliance of the required liquid asset cover
CIRCULAR LETTER Series of 1997
TO : All Commercial Banks
In addition to those FCDU liquid assets enumerated in Circular Letter dated June 6, 1997 which could be used as compliance of the required thirty percent (30%) liquid asset cover of the one hundred percent (100%) cover requirement for FCDU liabilities, the following FCDU asset accounts shall also be included as among the eligible liquid asset cover:
a. Foreign Currency Notes & Coins on Hand; and
b. Foreign Currency Checks & Other Cash Items.
GABRIEL C. SINGSON Governor
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