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BSP Rediscount Rates for January 2018 and Availments as of December 2017

01.10.2018

The BSP announced today the applicable Peso Rediscount Facility and Exporters Dollar and Yen Rediscount Facility (EDYRF) rates for the month of January 2018 and loan availments as of 31 December 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 January for loans under the EDYRF:

 

Loan Maturity

Rate (%) 

 

Dollar

Yen

1-90 days

3.69428

1.97583

91-180 days

3.75678

2.03833

181-360 days

3.81928

2.10083

 

The EDYRF rates are based on the respective 90-day London Inter-Bank Offered Rate as of 29 December 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 December 2017 amounted to P1,591 million, of which 94.5 percent went to commercial credits while 0.4 percent went to production credits.  The balance went to other credits consisting of services (4.2 percent) and housing (0.9 percent).

There was no availment under the EDYRF for the twelve months ending 31 December 2017.

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