HOME  ABOUT THE BANK  MONETARY POLICY  BANKING SUPERVISION  PAYMENTS & SETTLEMENTS  STATISTICS  FEEDBACK CORNER
   BSP NOTES & COINS  MONETARY OPERATIONS  LOANS-CREDIT & ASSET MGT  PUBLICATIONS & RESEARCH  REGULATIONS  PROCUREMENT

Feedback Corner

Loans, Credit and Asset Management

Electronic Rediscounting System

The Electronic rediscounting system or eRediscounting is an online internet-based rediscounting facility that the BSP makes available to all active and qualified banks nationwide. This facility allows banks to conduct their rediscounting transactions and inquiries with the BSP in an on-line, real time basis at the convenience of their own bank premises. With its simplified and end-to-end processing capability, the system provides immediate availability and fast delivery of credit to banks, especially those in the countryside. More importantly, it will reduce the transaction costs of banks, which will mutually benefit the participating banks and their clients.

Banks with established rediscounting lines may participate in the eRediscounting by complying with the execution of all the required documents, i.e., the Electronic Rediscounting System Participation Agreement, User Account Registration, and User Specimen Signature form. For further inquiries, please contact the Systems Development and Management Division of DLC at Tel. Nos. 306-2807/306-2351.