Regulatory Alerts2022-12-22
Added
BRPD Circular Letter No. 54: L/C Margin on Import Financing
The document amends previous instructions regarding cash margin requirements for import financing by establishing that banks must determine the cash margin rate for the import of engine oil, lubricants, and related products on a bank-customer relationship basis. This change applies specifically to ensure the normal supply of lubricants for industrial operations and power generation. All other instructions from BRPD Circular Letter No. 25 dated July 4, 2022, remain unchanged, and these directives are effective immediately.
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