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BSP Rediscount Rates for August 2017 and Availments as of July 2017

08.10.2017

The BSP announced today the applicable Peso Rediscount Facility and Exporters Dollar and Yen Rediscount Facility (EDYRF) rates for the month of August 2017 and loan availments as of 31 July 2017.

The Peso Rediscount Facility rates are as follows:

 

Loan Maturity

Rate (%)

1-90 days

3.5625

91-180 days

3.6250

 

The Peso rediscount rates are based on the latest available BSP overnight lending rate, plus term premia per Circular No. 964 dated 27 June 2017.
 
The following are the rates for the month of August for loans under the EDYRF:

 

Loan Maturity

Rate (%)

 

Dollar

Yen

1-90 days

3.31056

1.98421

91-180 days

3.37306

2.04671

181-360 days

3.43556

2.10921


The EDYRF rates are based on the respective 90-day London Inter-Bank Offered Rate as of 31 July 2017 plus 200 basis points plus term premia for longer maturities pursuant to Circular No. 807 dated 15 August 2013.

 

Under the Peso Rediscount Facility, total availments covering the period  01 January to 31 July 2017 amounted to P27 million, of which 54.7 percent went to other credits consisting of housing (54.1 percent) and permanent working capital (0.6 percent). The balance went to commercial credits (44.5 percent) and  production credits (0.8 percent).

There was no availment under the EDYRF for seven months ending 31 July 2017.

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