BSP CIRCULAR NO. 335, JUNE 17, 2002

: Loans and other credit accommodations secured by chattels and intangible properties shall not exceed seventy-five percent (75%) of the appraised value of the security.
: Loans may be made to the title-holder of the unencumbered chattels and intangible properties or his assignees.
: Intangible properties must be appraised by an independent appraiser acceptable to the Bangko Sentral ng Pilipinas (BSP).
: Personal properties include bonds and securities issued by the Government, readily marketable bonds, high-grade debt securities, blue chip stocks, expected harvest or growing crops, quedans or warehouse receipts, and any other personal property.
: The issuer corporation must be a listed corporation with a net worth of at least P1 billion, with a record of at least five consecutive years of earnings. The loan value shall be fifty percent (50%) of their market value.
: Loans may be granted up to forty percent (40%) of the calculated market value of the crop.
: Loans can be up to eighty percent (80%) of the calculated market value of the crop covered by the receipt.
: Loans may be up to fifty percent (50%) of the fair market value of other personal properties.
: The loan value shall be based on the price indicated in the bill of sale of the newly purchased personal property.