Bank Loan Availment Against Overnight Clearing Line

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BSP CIRCULAR LETTER: Bank Loan Availment Against Overnight Clearing Line

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Title Supreme Court: Bank Loan Availment Against Overnight Clearing Line

Law: Bsp Circular Letter

Decision Date: Aug 4, 2000

Banks can now utilize their overnight clearing line without incurring a 3% monthly liquidated damage for unpaid amounts on the next clearing day, following the amendment of the relevant guidelines by the Monetary Board.

availment

overnight clearing

liquidated damages

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