Electronic Rediscounting System

The Electronic rediscounting system or eRediscounting is an online internet-based rediscounting facility that the BSP is making 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 for User Specimen Signature and Remote Access Service Registration Forms. For further inquiries, please contact the eRediscounting Task Force of DLC at Tel. No. 536-6028.