Revised BSP guidelines on currency risk protection

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BSP CIRCULAR NO. 470, S. 2005: Revised BSP guidelines on currency risk protection

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Title Supreme Court: Revised BSP guidelines on currency risk protection

Law: Bsp Circular No. 470, S. 2005

Decision Date: Jan 17, 2005

The Bangko Sentral ng Pilipinas introduces revised guidelines for the Currency Rate Risk Protection Program, allowing banks to offer non-deliverable USD/PHP forward contracts to clients for hedging eligible foreign currency obligations without requiring a derivatives license.

currency risk

forward contract

monetary board

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