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BSP Rediscount Rates for November 2017 and Availments as of October 2017

11.10.2017

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

Loan Maturity

Rate (%) 

 

Dollar

Yen

1-90 days

3.38122

1.95593

91-180 days

3.44372

2.01843

181-360 days

3.50622

2.08093


The EDYRF rates are based on the respective 90-day London Inter-Bank Offered Rate as of 31 October 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 October 2017 amounted to P973 million, of which 92.1 percent went to commercial credits.  The balance went to other credits consisting of services (6.3 percent), housing (1.5 percent), and permanent working capital (0.1 percent).

There was no availment under the EDYRF for the ten months ending 31 October 2017.

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