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​Loans and Credits

The BSP extends discounts, loans and advances to banking institutions in order to influence the volume of credit consistent with objective of price stability and maintenance of financial stability. It also grants loans or advances to banking institutions in precarious financial condition or under serious financial pressures, subject to certain conditions. Credit facilities include:

Rediscounting is a standing credit facility provided by the BSP to help banks meet temporary liquidity needs by refinancing the loans they extend to their clients and enable them to deliver credit to all productive sectors of the economy. It is one of the monetary tools of the BSP to regulate the level of liquidity in the financial system.

Overdraft Credit Line (OCL) is available to banks participating directly in the clearing operations of the Philippine Clearing House Corporation to cover shortfalls in the banks’ demand deposit accounts with the BSP arising from clearing operations. The mechanics of OCL are governed by Section 802 and Appendix 25 of the Manual of Regulations for Banks (MORB).

Emergency loans are financial assistance to banking institutions to serve as temporary remedial measures to help solvent banks overcome their liquidity problems arising from causes beyond their control, pursuant to Section 84 of R.A. No. 7653, as amended by R.A. No. 11211. For more details on Emergency Loan, please see Section 285 of the MORB.

 
 

Terms and Lending Rates

 

BSP imposes terms and charges interest rates on its credit facilities.

Credit Information System

 

BSP has a credit scoring system on which grant of rediscounting lines of banks are based.

Electronic Rediscounting System

 

BSP allows banks to conduct their rediscounting transactions in an on-line, near real time basis.

Implementing Circular

 

BSP issues policy and operational guidelines on its credit facilities.



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