BSP CIRCULAR NO. 1260

: The circular amends provisions governing the rediscounting of eligible paper under the rediscount window as per the Manual of Regulations for Banks and Other Financial Intermediaries.
: Resolution No. 1141 dated October 22, 1990.
: Subsections 1271.1 (Book I), 2271.1 (Book II), and 3271.1 (Book III).
: Agricultural Production, Cottage and Small Industries Credits, General Purpose Working Capital Financing, Other Short-Term Credits, and Export Credits.
: 80% loan value.
: 14% per annum.
: 100% loan value.
: No, the lending rates are not subject to any ceiling.
: The Central Bank closely monitors the spreads to ensure they are consistent with prevailing market rates.
: It took effect immediately on October 30, 1990.
: Jose L. Cuisia, Jr.