To require banks to maintain at all times a 100% cover for their FCDU liabilities
CIRCULAR LETTER Series of 1997
TO : All Commercial Banks
Pursuant to Section 73 of Circular No. 1389, Circular Letter dated June 6, 1997, as amended and Circular Letter dated October 30, 1997, banks are required to maintain at all times a one hundred percent (100%) cover for their FCDU liabilities and that at least thirty percent (30%) of the cover requirement shall be in the form of liquid assets.
Banks shall submit the required report of compliance on the above using the attached form to the Foreign Exchange Department (FED) of the Bangko Sentral ng Pilipinas (BSP) within fifteen (15) banking days after the end of each reference month starting December 15, 1997 and monthly thereafter.
GABRIEL C. SINGSON Governor
同类文件 BSP Circular Letters
- 90-Day Holding Period for Peso Time Deposits(BSP Circular Letter No. CL-2010-063)
- MB Resolution No. 1306 dated 20 August 2015 Placement of the Xavier-Punla Rural Bank, Inc. Under Receivership(BSP Circular Letter No. CL-2015-051)
- Consolidation of Insular Rural Bank, Inc. and Filipino Savers Bank, Inc. (A Rural Bank), to be known as Insular Savers Bank, Inc. (A Rural Bank)(BSP Circular Letter No. CL-2015-038)
- MB Resolution No. 1819.A dated 8 November 2018 - Prohibition of the San Francisco Del Monte Rural Bank, Inc. From Doing Business in the Philippines(BSP Circular Letter No. CL-2018-076)
- First Commercial Bank - Manila Branch - Establishment and Commencement of Operation(BSP Circular Letter No. CL-2016-107)
- UnionDigital Bank, Inc. – Establishment and Commencement of Operations(BSP Circular Letter No. CL-2022-063)
- Anti-Money Laundering Council (AMLC) Procedural Issuance - Rules of Procedure in Administrative Cases under Republic Act (R.A.) No. 9160 or the Anti-Money Laundering Act (AMLA), as Amended, and its implementing Rules and Regulations (IRR)(BSP Circular Letter No. CL-2019-076)
- Conversion of the Pangasinan Savings and Loan Bank, Inc. from a thrift bank into a rural bank(BSP Circular Letter No. CL11052001)
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。