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

04.10.2019

The applicable rates for the Peso Rediscount Facility and the Exporters Dollar and Yen Rediscount Facility (EDYRF) for the month of April 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

4.59975

1.93600

91-180 days

4.66225

1.99850

181-360 days

4.72475

2.06100

The rates for the EDYRF are based on 90-day London Inter-Bank Offered Rate (LIBOR) as of 29 March 2019 plus 200 basis points plus term premia. The applicable LIBOR rates were furnished by the Financial Market Operations Sub-Sector in an e-mail dated 01 April 2019.

Under the Peso Rediscount Facility, total availments covering the period of 01 January 2019 to 31 March 2019 amounted to ₱52,301 million, majority of which or 56.03 percent are classified as Other Credits. Specifically, these were bank loans for Capital Asset Expenditures (38.44 percent), Loans to Other Services (9.64 percent) and Permanent Working Capital (7.95 percent). The remaining portions are classified as Commercial Credits at 43.97 percent particularly bank loans for Importation (34.66 percent) and Trading (9.31 percent) of goods.

There was no availment under the EDYRF for the period ending 31 March 2019.

 

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