BSP rules on bank credit rights sale

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BSP CIRCULAR NO. 636, S. OF 2008: BSP rules on bank credit rights sale

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Title Supreme Court: BSP rules on bank credit rights sale

Law: Bsp Circular No. 636, S. Of 2008

Decision Date: Dec 17, 2008

BSP Circular No. 636 establishes regulations prohibiting banks and quasi-banks from selling, discounting, assigning, or negotiating their credit rights in Special Deposit Account placements and Reverse Repurchase Agreements with the BSP, aiming to enhance investor protection and transparency in securities transactions.

sale

discounting

assignment

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