Discount Window Facility

The Discount Window Facility (DWF) refers to the credit operations that the BSP may normally and regularly provide to banks operating in the Philippines, pursuant to Section 82 of the BSP Charter. Banks with active DWF lines with the BSP may avail themselves of the DWF through: (1) rediscounting of eligible credit instruments of its end-user borrowers; and (2) advances against securities issued by the national government and the BSP.

The DWF availments may be in peso, United States dollar or Japanese yen. The DWF operations are governed by Sections 281 and 282 of the Manual of Regulations for Banks (MORB), as amended by Circular No. 1202 Series of 2024.

For further inquiries on application for DWF line, please contact the Loans and Credit Operations 1 of the Department of Loans and Credit at tel. nos. 5306-2413 and 5306-2784 or email at DLCmail@bsp.gov.ph.

Emergency loan

Under Section 84 of the BSP Charter, emergency loans may be extended to banks in periods of national or local emergency or of imminent financial panic directly threatening monetary and financial stability, or during normal periods to assist banks under serious financial pressures brought about by events that could not be prevented by the bank. For more details on emergency loan, please see Section 285 of the MORB.

Loans to the Philippine Deposit Insurance Corporation

Pursuant to Section 89-B of the BSP Charter, the BSP may extend loans to the PDIC: (1) for deposit insurance purposes; or (2) in cases of financial assistance, that the PDIC is authorized to extend under Section 22(e) of RA No. 3591, as amended.

Loans to the national government

The BSP may make direct provisional advances to the national government to: (1) finance expenditures authorized in its annual appropriation, pursuant to Section 89 of the BSP Charter; or (2) to cover the increase in the Republic of the Philippines’ quota subscription in the International Monetary Fund pursuant to RA No. 2052.