BSP Limits on Banks' Foreign Exchange Positions

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BSP CIRCULAR NO. 137: BSP Limits on Banks' Foreign Exchange Positions

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Title Source: Supreme Court: BSP Limits on Banks' Foreign Exchange Positions

Law: Bsp Circular No. 137

Decision Date: Jul 31, 1997

BSP Circular No. 137 mandates that banks limit their foreign exchange positions to a maximum of 5% of unimpaired capital or $10 million for long positions, and 20% for short positions, with immediate compliance required for any excess holdings.

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