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BSP Rediscount Rates for May 2018 and Availments as of April 2018

05.10.2018

The BSP has posted the applicable Peso Rediscount Facility and Exporters Dollar and Yen Rediscount Facility (EDYRF) rates for the month of May 2018 and loan availments as of 30 April 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 May for loans under the EDYRF:

Loan Maturity

Rate (%)

Dollar

Yen

1-90 days 

4.36294

1.96967

91-180 days 

4.42544

2.03217

181-360 days 

4.48794

2.09467


The EDYRF rates are based on the respective 90-day London Inter-Bank Offered Rate as of 30 April 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 2018 to 30 April 2018 amounted to P7,651 million. Majority of which or 57.57 percent went to Other Credits which are particularly distributed to Capital Asset Expenditures (51.48 percent), Permanent Working Capital (3.17 percent), Services (2.85 percent) and Housing (0.07 percent). The remaining portions went to Commercial Credits at 42.40 percent and Production Credits at 0.03 percent.

There was no availment under the EDYRF for the four months ending 30 April 2018.

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