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BSP Rediscount Rates Effective 13 August 2018 and Availments as of July 2018

08.10.2018

The applicable Peso Rediscount Facility and Exporters Dollar and Yen Rediscount Facility (EDYRF) rates effective 13 August 2018 are as follows:

a.    Peso Rediscount Facility Rates

Loan Maturity

Rate (%)

1-90 days

4.5625

91-180 days

4.6250


b.    Exporters Dollar and Yen Rediscount Facility Rates

Loan
Maturity

Rate (%)

Dollar

Yen

1-90 days

4.34856

1.96800

91-180 days

4.41106

2.03050

181-360 days

4.47356

2.09300








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. On the other hand, EDYRF rates are based on the respective 90-day London Inter-Bank Offered Rate as of 31 July 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 31 July 2018 amounted to ₱10,614 million. Majority of which or 51.71 percent consisted of Commercial Credits, specifically distributed to Imports (29.89 percent), Trading (21.74 percent) and Exports (0.08 percent). Meanwhile, 48.27 percent went to Other Credits particularly to Capital Asset Expenditures (37.11 percent), Services (6.58 percent), Permanent Working Capital (4.53 percent), and Housing (0.05 percent). The remaining portions were held by Production Credits, particularly to Industrial (0.01 percent) and Agricultural (0.01 percent).

There was no availment under the EDYRF for the seven months ending 31 July 2018.

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