(NAR) VOL. 11 NO.1 / JANUARY – MARCH 2000
Papers covering commercial credits with maturities of not more than one hundred eighty (180) days may be rediscounted by qualified thrift and universal/commercial banks, including branches of foreign banks with the Bangko Sentral ng Pilipinas, subject to the provisions of BSP Circular No. 52 dated November 8, 1994, as amended, which provides that the eligible credit instrument shall be rediscounted at 80% loan value at the prevailing rediscount rate, based on one (1) percent below the 91-day Treasury Bill rate for the last auction of the immediately preceding month.
Adopted: 6 March 2000
(SGD.) RAFAEL B. BUENAVENTURA
Governor