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BSP Rediscount Rates Effective September 2018 and Availments as of August 2018

09.10.2018

The applicable Peso Rediscount Facility and Exporters Dollar and Yen Rediscount Facility (EDYRF) rates effective September 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

 

Rate (%) 

Loan Maturity 

Dollar

Yen

1-90 days 

4.32075 

1.96767

91-180 days

4.38325 

2.03017

181-360 days

4.44575 

2.09267

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 August 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 August 2018 amounted to ₱20,024 million, majority of which or 69.02 percent went to Other Credits. Specifically, these are distributed to Capital Asset Expenditures (41.40 percent), Permanent Working Capital (24.10 percent), Other Services (3.49 percent), and Housing (0.03 percent). The remaining portions went to Commercial Credits at 30.97 percent and Production Credits at 0.01 percent.

There was no availment under the EDYRF for eight months ending 31 August 2018.

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