Classification of Sales Contract Receivables

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BSP CIRCULAR NO. 380: Classification of Sales Contract Receivables

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Title Supreme Court: Classification of Sales Contract Receivables

Law: Bsp Circular No. 380

Decision Date: Mar 28, 2003

BSP Circular No. 380 establishes the criteria for classifying sales contract receivables as performing assets, requiring a minimum down payment and regular installment payments, while outlining conditions for reclassification in cases of non-payment.

sales contract

receivables

performing assets

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