FCDU Liquid Asset Cover Update

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BSP CIRCULAR LETTER: FCDU Liquid Asset Cover Update

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Title Source: Supreme Court: FCDU Liquid Asset Cover Update

Law: Bsp Circular Letter

Decision Date: Mar 30, 2000

The Monetary Board's March 30, 2000 resolution allows the inclusion of "Due from BSP-FCDU" accounts with a maturity of one year or less as eligible liquid asset cover for foreign exchange liabilities in the Foreign Currency Deposit Units (FCDU).

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