BSP Circular No. 679 (2010)
AMENDMENT TO THE GUIDELINES ON THE BSP REDISCOUNTING FACILITY
(NAR) VOL. 21 NO.1/ JANUARY - MARCH 2010
[ BSP CIRCULAR NO. 679, February 01, 2010 ]
AMENDMENT TO THE GUIDELINES ON THE BSP REDISCOUNTING FACILITY
Pursuant to Monetary Board Resolution No. 9 dated 07 January 2010, the provision of Item a, Subsection (§) X269.6 of the Manual of Regulations for Banks, covering the guidelines on the Bangko Sentral ng Pilipinas (BSP) Rediscounting Facility is hereby amended as follows: x x x § X 269.6 Rediscount/Lending Rates and Liquidated Damages. The rediscount rates for peso, dollar and yen loans shall be as follows: Based on the applicable BSP overnight a. Peso Rediscounts reverse repurchase (RRP) rate x x x Effectivity. This Circular shall take effect on 01 February 2010. Adopted: 01 Feb. 2010 FOR THE MONETARY BOARD:
(SGD.) ARMANDO L. SURATOS Officer-In-Charge