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BSP Rediscount Rates for July 2018 and Availments as of June 2018

07.10.2018

The BSP has posted the applicable Peso Rediscount Facility and Exporters Dollar and Yen Rediscount Facility (EDYRF) rates for the month of July 2018 and loan availments as of 30 June 2018.

The Peso Rediscount Facility rates are as follows:

Loan Maturity

Rate (%)

1-90 days

4.0625

91-180 days

4.1250



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 July for loans under the EDYRF:

Loan
Maturity

Rate (%)

Dollar

Yen

1-90 days

4.33575

1.95500

91-180 days

4.39825

2.01750

181-360 days

4.46075

2.08000








The EDYRF rates are based on the respective 90-day London Inter-Bank Offered Rate as of 29 June 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 June 2018 amounted to P9,776 million, majority of which or 52.41 percent went to Other Credits. Specifically, these are distributed to Capital Asset Expenditures (40.29 percent), Services (7.15 percent), Permanent Working Capital (4.92 percent), and Housing (0.05 percent). The remaining portions went to Commercial Credits at 47.57 percent and Production Credits at 0.02 percent.

There was no availment under the EDYRF for the six months ending 30 June 2018.

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