Rediscounting of Eligible Paper Rates

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BSP CIRCULAR NO. 1260: Rediscounting of Eligible Paper Rates

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Title Supreme Court: Rediscounting of Eligible Paper Rates

Law: Bsp Circular No. 1260

Decision Date: Oct 30, 1990

BSP Circular No. 1260 establishes new rediscounting provisions for eligible papers, allowing banks to offer up to 100% loan value for export credits and setting a rediscount rate of 14% for agricultural and small industry loans, while monitoring bank spreads to align with market rates.

rediscounting

eligible paper

monetary board

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