Regulatory Alerts2024-09-24
Circular No. 1202: The Bangko Sentral’s Discount Window Facility
The Bangko Sentral ng Pilipinas issued Circular No. 1202 to implement the Discount Window Facility as its normal credit operation, amending the Manual of Regulations for Banks to operationalize Section 82 of Republic Act No. 7653. The circular establishes guidelines for DWF line approval, eligibility requirements based on the Credit Information System, and availment procedures through rediscounting of credit instruments or advances against government securities. It further details interest rate structures, repayment mechanisms, and penalties for non-compliance to ensure price and financial stability.
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