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

09.11.2017

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

Loan
Maturity

Rate (%)

Dollar

Yen

1-90 days

3.31778

1.97186

91-180 days

3.38028

2.03436

181-360 days

3.44278

2.09686


 

 

  

The EDYRF rates are based on the respective 90-day London Inter-Bank Offered Rate as of 31 August 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 August 2017 amounted to P470 million, of which 83.7 percent went to commercial credits.  The balance went to other credits consisting of services (13.1 percent) and housing (3.2 percent).

There was no availment under the EDYRF for eight months ending 31 August 2017.

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