BSP CIRCULAR NO. 827

: The circular amends the Risk-Based Capital Adequacy Framework for stand-alone thrift banks, rural banks, and cooperative banks as per the Monetary Board Resolution No. 232 dated February 7, 2014.
: Appendix 63c and related provisions of the MORB are amended by the circular.
: These loans are assigned a 50% risk weight.
: These non-performing loans are assigned a 100% risk weight.
: Starting with the CAR reporting period ending March 31, 2014.
: Banks engaging in trading activities, including derivatives activities as end-user for hedging purpose and/or under a Type 3-Limited User Authority granted pursuant to BSP Circular No. 594 dated January 8, 2008, must include such assets.
: Section X116 Basel I Risk-Based Capital and its pertinent subsections from X116.1 to X116.7, and Appendix 63a of the MORB were deleted.
: The required reports that reference Section X116 and its pertinent subsections were deleted from Appendix 6 of the MORB.
: They took effect fifteen (15) calendar days following the publication of the circular either in the Official Gazette or in a newspaper of general circulation.