(NAR) VOL. 11 NO. 2 / APRIL – JUNE 2000
i. Investments by banks in the authorized capital stock of Quedancor;
ii. Loans extended by banks to farmers, fishermen, cooperatives, rural workers and rural enterprises covered by the guarantees of Quedancor; and
iii. Rediscounting by secondary banks of originating banks' loan receivables having the guarantee of Quedancor, subject to the condition that the originating bank may not use such loans as compliance with Presidential Decree No. 717 and only the secondary (rediscounting) bank may claim such loans as compliance with Presidential Decree No. 717.
This Circular shall take effect immediately.
Adopted: 30 May 2000
(SGD.) RAFAEL B. BUENAVENTURA
Governor