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BSP Rediscount Rates for March 2019 and Availments as of February 2019

03.11.2019

The applicable rates for the Peso Rediscount Facility and the Exporters Dollar and Yen Rediscount Facility (EDYRF) for the month of March 2019 until the next policy rates revision are as follows:

a. Peso Rediscount Facility Rates

Loan Maturity

Rate (%)

1-90 days

5.3125

91-180 days

5.3750

b. EDYRF Rates

Loan
Maturity

Rate (%)

Dollar

Yen

1-90 days

4.61513

1.92167

91-180 days

4.67763

1.98417

181-360 days

4.74013

2.04667

 

 

 

 

 

The Peso rediscount rates are based on the latest available BSP overnight lending rate plus term premia. On the other hand, EDYRF rates are based on the 90-day London Inter-Bank Offered Rate as of 28 February 2019 plus 200 basis points plus term premia.

Under the Peso Rediscount Facility, total availments covering the period of 01 January 2019 to 28 February 2019 amounted to ₱34,895 million, majority of which or 57.97 percent are classified as Other Credits. Specifically, these were bank loans for Capital Asset Expenditures (40.61 percent), Permanent Working Capital (11.92 percent) and Loans to Other Services (5.44 percent). The remaining portions are classified as Commercial Credits at 42.03 percent particularly bank loans for Importation (31.18 percent) and Trading (10.85 percent) of goods.

There was no availment under the EDYRF for the period ending 28 February 2019.

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