Temporary Registration of Private Foreign Loans

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CIRCULAR NO. 985: Temporary Registration of Private Foreign Loans

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Title Supreme Court: Temporary Registration of Private Foreign Loans

Law: Circular No. 985

Decision Date: Jan 15, 2018

A six-month temporary window allows private sector borrowers to register unapproved foreign loans with the Bangko Sentral ng Pilipinas, provided the funds are used for legitimate purposes, with a fixed registration fee of PHP 20,000 and compliance reporting requirements.

temporary window

foreign loans

private sector

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