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BSP Rediscount Rates for March 2018 and Availments as of February 2018

03.12.2018

The BSP has posted the applicable Peso Rediscount Facility and Exporters Dollar and Yen Rediscount Facility (EDYRF) rates for the month of March 2018 and loan availments as of 28 February 2018.

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 March for loans under the EDYRF:

 

Loan Maturity

 Rate (%) 

 

Dollar

Yen

1-90 days

4.01719

1.93983

91-180 days

4.07969

2.00233

181-360 days

4.14219

2.06483


The EDYRF rates are based on the respective 90-day London Inter-Bank Offered Rate as of 28 February 2018 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 28 February 2018 amounted to ₱5,810 million. Majority of which or 71.86 percent went to Other Credits which are particularly distributed to Capital Asset Expenditures (67.78 percent), Permanent Working Capital (3.94 percent), Housing (0.09 percent) and Other Services (0.05 percent). The remaining portions went to Commercial Credits at 28.10 percent and Production Credits at 0.04 percent.

There was no availment under the EDYRF for the two months ending 28 February 2018.

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