QRCGC Memorandum Circular No. 259 (2003)

(NAR) VOL. 16 NO. 1 / JANUARY - MARCH 2009

[ QRCGC MEMORANDUM CIRCULAR NO. 259, December 18, 2003 ]

INTEREST RATE UNDER THE SULONG PROGRAM

Effective January 1, 2004, interest rate under the SULONG Program shall be adjusted/amended based on the recommendation of the SULONG Finance Committee, as follows: Term of Loan Interest Rate 1. For loans with a term of up to 1 360 day T-Bills + 4% or 7.8% + year 4% = 11.88% 2. For loans with a term above 1 year3 year T-Bond + 4% or 10.21 + 4% up to 3 years = 14.21% 5 year T-Bond + 4% or 10.79 + 4% 3. For loans with a term over 3 years =14.79% The new interest rate shall apply to all loan applications received after December 31, 2003. Adopted: 18 Dec. 2003

(SGD.) NELSON C. BUENAFLOR President and CEO