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BSP Circular-Letter dated 31 March 2005: Reduced Statutory Reserve under Circular No. 444 |
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SUPERVISION AND EXAMINATION SECTOR To: All Banks and Non-Bank Financial Institutions with Quasi-Banking Functions (NBQBs) Concerned This is to remind all concerned banks and NBQBs that the reduced statutory reserve of two percent (2%) provided under Bangko Sentral ng Pilipinas (BSP) Circular No. 444 dated 18 August 2004 may not yet be availed of pending: 1) the issuance of the pertinent market convention acceptable to BSP that shall govern deposit substitutes transactions evidenced by repurchase agreements (repos) covering government securities; and 2) the opening for the purpose of a separate RoSS account with the Bureau of Treasury by the BSP-accredited third party custodian. For your guidance. (Sgd.) ALBERTO V. REYES Deputy Governor 31 March 2005 |
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Circular Letters/Memoranda |
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Speeches/ Presentations |
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Photo Gallery |
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The 2008 RBAP Charter Symposium |
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2008 CFI Awards |
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Rural Banking Week Celebration Golf Tournament |
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Client Satisfaction Survey for Licensing Management System of the Supervision and Examination Sector |
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Financial Reporting Package 2008 |
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BSP releases regulations on liquidity, market risk weighting |
