Amendment to Trust Rules on Liquidity Reserves

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Title Supreme Court: Amendment to Trust Rules on Liquidity Reserves

Law: Bsp Memorandum

Decision Date: Sep 4, 1997

The BSP Memorandum amends the Trust Rules, mandating a 10% reserve requirement for peso-denominated common trust funds and an additional liquidity reserve of 8% and 7% for trust and fiduciary accounts, effective September 1997.

trust rules

fiduciary business

liquidity reserves

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