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(NAR) VOL. 6 NO. 3 / JULY - SEPTEMBER 1995

[ BSP CIRCULAR LETTER, June 26, 1995 ]


Pursuant to Monetary Board Resolution No. 641 dated June 14, 1995, the custodian fee to be collected for government securities held for safekeeping/custody under the Custodianship Facility administered by the Government Securities Department (GSD) shall be 1/50 of 1% per annum based on the month-end balance of the face value of securities.

The new custodian fee shall be applied to all securities that will be lodged in the Facility effective August 1, 1995.

Securities already lodged in the Custodian Facility prior to the effectivity of the new rate shall continue to be charged the old rate of 1/100 of 1% p.a of face value until such time that these have matured or withdrawn from the Facility prior to maturity.

Adopted: 26 June 1995


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