The Bangko Sentral ng Pilipinas (BSP) will still implement a reduced term spread on its rediscounting facility to zero until end-July this year, but the use of credit instruments granted a grace period under the Bayanihan law are no longer accepted. This means that the term spread on peso rediscounting ...

Source: Manila Bulletin (https://mb.com.ph/2021/05/04/bsp-rediscounting-measure-extended-anew/?utm_source=rss&utm_medium=rss&utm_campaign=bsp-rediscounting-measure-extended-anew)