Rules on BSP Non-Deliverable Forward FX

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BSP CIRCULAR NO. 149: Rules on BSP Non-Deliverable Forward FX

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Title Supreme Court: Rules on BSP Non-Deliverable Forward FX

Law: Bsp Circular No. 149

Decision Date: Dec 22, 1997

BSP Circular No. 149 establishes rules for the non-deliverable forward foreign exchange facility, allowing authorized commercial banks to help customers hedge eligible foreign exchange obligations while ensuring compliance and reporting requirements to maintain market stability.

foreign exchange

deliverable forward

monetary board

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