Title
Amendment to BSP Trust Rules on Reserves
Law
Bsp Memorandum
Decision Date
Oct 1, 1997
The BSP Memorandum, effective October 1, 1997, amends the Trust Rules to require financial intermediaries to maintain a 10% reserve against peso-denominated common trust funds and Trust and Other Fiduciary Accounts, with additional liquidity reserves of 6% and 5% imposed in subsequent months.

Analyze Cases Smarter, Faster
Jur helps you analyze cases smarter to comprehend faster, building context before diving into full texts. AI-powered analysis, always verify critical details.