BSP taps ‘three tenors’ to guide loan pricing
newsare.net
Banks will soon be able to price their loans to corporate and retail borrowers more accurately after the Bangko Sentral ng Pilipinas (BSP) introduced a third interest rate benchmark in its existing term deposit facility (TDF), resulting in what the central baBSP taps ‘three tenors’ to guide loan pricing
Banks will soon be able to price their loans to corporate and retail borrowers more accurately after the Bangko Sentral ng Pilipinas (BSP) introduced a third interest rate benchmark in its existing term deposit facility (TDF), resulting in what the central bank chief described as the «three tenors». The BSP yesterday launched a tender for a 14-day instrument in its term deposit liquidity management scheme which monetary regulators use to mop up excess liquidity from the local financial system while giving banks a guide for pricing their own securities, investments and loans. «That's responsive to market preference, as assessed from surveys we've conducted,» BSP Governor Nestor Espe...Keep on reading: BSP taps ‘three tenors’ to guide loan pricing Read more