The rates for the EDYRF are based on 90-day London Inter-Bank Offered Rate (LIBOR) as of 31 May 2019 plus 200 basis points plus term premia.
Under the Peso Rediscount Facility, total availments covering the period of 01 January 2019 to 31 May 2019 amounted to ?85,799 million, representing borrowings against banks’ credits on transactions related to Commercial, Production and Other Credits. Other Credits, which comprise 64.51 percent of total rediscounting loans, pertain to bank loans for Capital Asset Expenditures (42.91 percent), Loans to Other Services (16.32 percent), Permanent Working Capital (5.22 percent) and Housing Loans (0.06 percent). Commercial Credits at 35.48 percent of total rediscounting loans pertain to bank loans for Importation (25.88 percent) and Trading (9.60 percent) of goods or products. Meanwhile, Production Credits at 0.01 percent of total rediscounting loans pertain to bank loans for Agricultural Production.
There was no availment under the EDYRF for the period ending 31 May 2019.
Source: Bangko Sentral ng Pilipinas (BSP)